Dobbin
Faithful Steed
Oh, and I doubt that speech reassured anyone. It just made it clear that they could be a "special case" if they didn't obey.
“I think that this is really an extraordinary unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about because they’re very different than Donald Trump and his behavior,” Hochul responded.
Yes. They're not running for President against Joe Biden.
Now - imagine you're in charge of originating the loan for some New York entrepreneur. You're going to make sure that every T is crossed and every i is dotted - and - due to the uncertainty of repayment due to possibility of "legal attachment" - you're going to add on a certain percentage to financially compensate for the uncertainty.
And - you may decide not to make the loan anyway. Uncertainty is like that.
Both of these will tend to dry up the supply of money - and like any commodity there is "law of supply & demand." Loans, when you can find them, will be more expensive.
And the marketplace will go elsewhere. Otherwise known as an "unintended consequence" to getting Trump. Also nick-named "Engoron's Revenge."
This WILL have severe impact to NYC and possibly New York State. Money makes the world go round - not Federal Largesse.
Gather up the women and children and GET OUT NOW.
Dobbin