Judge orders Trump to pay nearly $355 million in civil fraud trial

We Just Went From Fractional Reserve Banking To Zero Reserve Banking And It’s A Pretty Big Deal

I don’t know if you paid attention to what happened in March of 2020 with all the coronavirus talk but the U.S. got rid of its reserve banking requirements during this crisis.

We just went from a fractional reserve banking system to a zero reserve banking system.

https://medium.com/navigating-life/...anking-and-its-a-pretty-big-deal-c501432e9be6



Reserve Requirements
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.

https://www.federalreserve.gov/mone...-c501432e9be6--------------------------------

2020, they have returned to required reserves, silly.
 
no mention here of a change of reserve requirement.

why do you lie so much?

what is the new alleged reserve requirement?

It simply tells us the current reserve requirement, which is above 0.

You never heard of such a thing till today, I am glad you are learning about the banking system.
 
I'll take that bet. At most, he might see a reduction in some areas, but my understanding is that the State of New York crossed their "T's" and dotted their "I's". Trump broke the law and now he's paying for it.

Your Trumpish fearmongering is funny, Terry. LOL

The disaster for NY is already starting. Cardone Capital has decided to pull out of NY completely following the ruling.

Some nationwide real estate investors, like Cardone Capital’s Grant Cardone, have started telling their teams to pack their bags and leave New York after the verdict in former President Trump’s fraud trial.

The business leader gained recent recognition after he posted on X that his firm would "immediately discontinue" all underwriting on New York City real estate to focus on other markets like Texas and Florida.

Cardone further claimed that New York has risks "that outweigh the opportunities" in terms of property value — and the blue state has shown its politicization when it comes to doing business.


"We were going to put $1 billion in New York City this year. We were going to put $1 billion in Chicago and maybe another billion in Los Angeles. And we won't touch any of them now
https://finance.yahoo.com/news/real-estate-investor-immediately-discontinue-145407148.html

“Shark Tank” investor Kevin O’Leary ripped into what he called “loser” New York and vowed to no longer invest in the state, when asked about a New York court’s $355 million verdict against former President Trump last week.
https://www.msn.com/en-us/news/othe...oser-new-york-after-trump-verdict/ar-BB1ixTRH

Experts warn Trump penalties could cause NY businesses to run for the hills: ‘Legal banana republic’
https://www.bizpacreview.com/2024/0...-for-the-hills-legal-banana-republic-1437823/

If it isn't overturned on appeal, the exodus will only grow. Why risk the state coming after you because of your political views or the business you're in not being in favor with them?
 
where are all the logical rational pro-growth libertarians to defend the markets here?

Oh i guess they're actually full of shit never trumper globalist bullshitters afterall.
:truestory:
 
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