To receive daily emails from Breaking Christian News to your inbox CLICK HERE


SHARE THIS ARTICLE Printer friendly version of this page

Mr. Wonderful Sounds Off: Shark Tank's Kevin O'Leary Wrecks Lefty Judge's Anti-Trump Ruling

Joseph Vazquez : Feb 20, 2024  MRC Newsbusters

"...This is so damaging to business in New York ... it makes no sense." -Kevin O'Leary, Shark Tank

[Newsbusters.org] One of ABC's legendary "Shark Tank" investors dismantled the logic behind a radical judge's asinine ruling against former President Donald Trump. (Screengrab image: via Fox News)

Kevin O'Leary—a.k.a "Mr. Wonderful"—called the ruling by leftist New York Supreme Court judge Arthur Engoron an egregious "assault on the 11th sector of the S&P 500, which is real estate" during the Feb. 18 edition of Fox & Friends Weekend. Engoron fined Trump $355 million for allegedly inflating his assets and banned him from being an officer in any New York-based corporation for three years, despite "nobody" losing money, as The Wall Street Journal editorial board pointed out. O'Leary analyzed the whole event as an overexaggerated demonization of a common practice within the corporate world when real estate developers haggle with banks in order to get loans. "This is not about Trump anymore," O'Leary concluded. "If you're a developer and you see this happen in the state of New York, why would you take the risk to put up this much money and have a judge arbitrarily decide that you are in some form of breach of fraud when no damages occurred at all?" In O'Leary's view, "This is crazy!"

The Journal editorial board noted that what Engoron did smacked of "political overkill" and constituted the equivalent of launching "a Hellfire missile to annihilate a shoplifter. Deutsche Bank [which signed off on the loans for Trump's real estate] made money on the loans, and its valuation teams gave a 'haircut' to the numbers provided by Mr. Trump. There was no real financial victim." Effectively, The Journal analyzed, "This is choosing a target and then hunting for something to charge him with, which is an abuse of the law." Washington Examiner Chief Political Correspondent Byron York also noted in a post on X that "The banks relied on their own due diligence and priced loans from that, not Trump's statements." (Screengrab image: via Fox News)

O'Leary further noted that this politburo-styled prosecution has changed his perspective on what's the worst state in America to do business:

This is about the competition of states. I thought before this judgment that the number one loser state in America was California, which is basically putting itself out of business slowly and surely. But after this judgment, I'm going to make New York the number one loser state, followed by California, then Massachusetts, New Jersey, Michigan. These are places where taxes are not competitive.

O'Leary concluded that Engoron's ruling was eventually going to be overturned on appeal because "this is so damaging to business in New York" and "it makes no sense." Subscribe for free to Breaking Christian News here







SHARE THIS ARTICLE Printer friendly version of this page

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Other Recent Articles from Breaking Christian News

Fox News Host Lawrence Jones Delivers Powerful Gospel Message: I'm 'Proud to Be a Believer'

California Mom Wants Child Castrated Without Father's Consent

Trans Higher Schooler Places Second in 200m Girls' Varsity Track in Oregon; Would Have Placed 61st among Male Athletes

Biden Admin Pressures Guatemala into Pulling Out of Pro-Life Declaration against 'Right' to Abortion

Prayer Paved the Way for Arizona's Pro-Life Win

Supreme Court Will Hear Arguments on Thursday That Could Overturn Convictions of Hundreds of J6 Protesters

'Hush Money' Criminal Case against Trump Is 'Bogus.' Legal Expert Explains Why

Surprise: John Fetterman Breaks With Biden's Approach to Iran Attacks

Israel's War Cabinet Weighs Counter-Strike for Iran Missile Attack as White House Pushes Diplomacy

American Evangelicals among 'the Last Ones Standing with Israel'

IDF Poised at Gaza Border, Braced for Iran Attack as US Warns Americans to Stay Near Israeli Cities

Exposing Corruption at FBI: Whistleblowers Share Their Stories

Senate Passes Resolution Nullifying Biden's Greenhouse Gas Emissions Rule

Youngkin Vetoes 'Disastrous' Bill Expanding Ranked-Choice Voting In Virginia

President Trump Drops Bombshell Letter from Stormy Daniels…'I Am Denying This Affair Because It Never Happened'

'Absolutely Disastrous' for Biden: Voter Panel On 'Morning Joe' Skewers Bidenomics, Says They Long for Trump's Economy

Wall Street Journal Poll: Trump Has Nearly Doubled Support Among Black Men and Women Since 2020

Blue City Plans to Defund Its Police Force to Pay for Illegal Immigrants

Iowa Joins Texas: New Law Allows State to Deport Illegals

World War II Hero Who Left Hollywood to Fight for America: Incredible New Look at 'It's a Wonderful Life' Star Jimmy Stewart's Story



Search the Articles Archives

Keyword:  
Author:  
Words Posted On:  
Day Month Year



BCN Plus

Follow BCN on Twitter
Are You Praying for Our Government Leaders?
BCN Staff

Steve Shultz
Steve Shultz, Managing Editor
Founder and Owner


Aimee Herd
Aimee Herd, Editor


BCN Plus
Are You Praying for President Trump?
 
 

All articles on this site and emails from BCN are copyrighted property of Breaking Christian News. Permission is given to link to, or share a BCN story if proper attribution is given to both the original writer and summarizer of the story. Breaking Christian News 2005-2019. All Rights Reserved.


Breaking Christian News is a division of Elijah List Publications, Inc. All Rights Reserved


Disclaimer: Articles and links, as well as the source articles linked to; do not necessarily reflect the opinion of Breaking Christian News.

editor@breakingchristiannews.com