Trump haters everywhere have been salivating at the prospect of
Donald Trump having his prized real estate seized by New
York authorities.
Now we all know that that vicious Leticia James,
the so-called Attorney General of the Empire State,
has made it her life's mission to destroy Trump,
not just politically but financially.
But tonight it may be the case that once again,
Wile E Coyote doesn't get the Roadrunner.
The former president is about to boost his net worth
by billions.
Truth Social just got the green light to go public,
and that could add over $3 billion
to Trump's net worth. Now,
Trump still needs to get a waiver from his Board
of trustees
in order to access that money within the next six
months,
and we'll see where that goes.
But there's an indication tonight that that will be granted.
Joining me now, Kevin O'Leary,
chairman of O'Leary Ventures. Kevin,
how is this looking?
It's interesting. Usually on an IPO,
founders like Trump have a six month waiting period before
there's liquidity.
But once you're a public company,
you have a mark to market price on stock.
You can often go to money center banks and borrow
against it,
maybe 30% of the trading value 20%,
but that would be enough to offset the
540 million. But I don't think this case has anything
to do with Donald Trump anymore and I really don't.
I think every American and every financial services person and
every where the,
you know financial services is that is 1/10 sector of
the S&P.
Everybody's very disturbed to what was happening here.
It's not that trials over
forget about Trump. If you watch what's happening here,
is this good for the American brand?
I mean I, I I'm sure this AG is is
giddy with excitement and and I I,
I don't take anything away from her at all.
But the collateral damage to the American brand
is horrific. If you go across the world and say
what's the number one economy on earth you want to
invest in,
It's the United States of America.
That's why it is the number one economy on earth.
Transparency. Property rights are mentioned
37 times in the Constitution.
Due process. Very important. Why steal someone's asset in 27
days?
Why not give them more time to come up with
the cash?
Forget about Donald Trump. You could want this to happen
to them.
Yeah, this is about the
powers that be showing the rest of the world that
we got this. This disruptor is not going to get
far.
He's not going to transform Washington.
He's not going to reveal all The Dirty secrets of
the swamp.
He's not going to overturn every rock.
We got this if if if Donald Trump were Mitt
Romney,
they'd still criticize him. They wouldn't do this.
It's a different deal when Trump.
Nothing to do with Donald Trump.
I disagree. This is the essence
of what makes the American brand the number one economy
on earth.
You want to bring $3 billion
to build a data center in America,
which I'm going to go and raise next week all
around the world.
The number one question I have when I go to
these countries to try and raise this capitalist,
what the hell is going on in New York?
It's. And I can tell them it's not America.
It's it's just an anomaly.
I swear to you, everybody,
this is not America. Don't worry,
adults will enter the room soon.
It's like a dress up party in court.
It was a crazy night out with the parents.
Poo poo happened. But someone will come in and fix
this.
This is not America. I swear to you.
This is not America. And every American should be saying
what I'm saying.
This is just New York for now.
Now when I put money into New York,
never until this crazy madness ends.
And I'm not the only person saying that.
But this is not America.
It's not America. This is Venezuela.
This is Cuba. This is crazy.
And it's not about Donald Trump.
Forget about Donald Trump. Nothing to do with Donald Trump.
Well, now it doesn't matter.
It's not Donald Trump. Well,
Kevin, when I'm the reverberations are not about Trump,
I completely agree with you.
It's terrible for the American brand,
but the instinct to go after him was solely because
it was Trump.
That's what my point It's not the reverberations.
It's going to destroy people's faith in the system.
Absolutely. They don't care about the system.
They want to burn down the system,
Captain. You know, you think Latisha James cares about your
deals.
They want to burn it down.
They think the system is racist and corrupt and they
want to burn it down.
I don't know who she is,
but I all I could say was
who's next? I mean, if she doesn't like Trump,
who's next? And that's the biggest problem she's got.
She'll be gone in a few years.
Donald Trump will be, won't be president five years from
now.
But this is case law that is tainting the American
brands.
And you should care about that.
You bet. Care about that,
Kevin. Patriotic Capitalist. Thank you.
Great to see you.