'Shaken To The Core' - Letitia James Gets Horrific News

Hey ladies and gentlemen, this is Carmine Sabia for Explain America and Letitia James, you know

the one who's hit Trump basically with a near half a billion dollar fine

well at least her case led to it, she keeps getting more bad news. Before we get started

please make sure you like, comment, share, and subscribe. Those little things really help us

out and they help our channel continue to grow. So Letitia James has really done damage to the

New York brand. It is going to be very hard to get businesses to want to invest in a state

where this could happen to them, where there is a victimless quote-unquote crime and you can get

hit with what a lot of people are calling cruel and unusual punishment. The Eighth Amendment says

thou shall be no excessive fines. You're going to be very hard-pressed to say this is not an

excessive fine. This is an insane fine for a victimless crime, again a victimless crime

So, you know, one expert, and it's somebody I respect a great deal, he's talking about knowing

business. This guy knows business. One expert said that this is an attack on America. He said

the business community has been shaken to the core and he said this is going to drive business out of

New York. Now this person is Shark Tank's Kevin O'Leary and this is a brand new interview. I want

you guys to watch it and then tell me what you think when you like, comment, share, and subscribe

I'm Carmine Sabia for Explain America. We love you guys. God bless you. Take care everybody

More importantly, the message about the American brand. You think about America, the reason this

is the number one economy on earth is that we have laws and we have due process and we have

property rights. It attracts foreign capital from all around the world. All of that is being shaken

to the core here. The concept of seizing assets in 30 days on a bond number that's never been

issued, no insurance bond companies ever issued anything near this, so there was no chance it was

going to happen. And only giving 30 days notice in time, that's a really bad message. And I think

New Yorkers should think well past Trump, whether he's president or not, or whether this attorney

general is gone in four years or not, it's irrelevant. This is case setting against the

American brand. The most stable country on earth anywhere to put capital work over a long period

of time, particularly in real estate, is the United States of America. This is an assault

on what we believe to be core. And I find it extraordinary. I think it's very troubling. It

has absolutely nothing to do with Donald Trump at this point, in my view. And it is completely

bipartisan. This is an attack on America. And I don't know how you can look at it any other way

And as an investor, and I know plenty of investors are completely disturbed by this

but I mean no one is going to put any money to work in New York in these amounts until this

thing settles down. The whole world is watching and everybody's waiting for one thing we haven't

got yet. Adult supervision. Where is it? Where are the adults in this crazy narrative? Certainly

there's got to be adult supervision at some point. And I understand, you know, the war going on here

and all the political yada, yada, woof, woof, woof. But we need an adult in the room now

This is the United States of America under siege