Wall Street’s Mass Exodus

(00:00.334)

Now this shouldn’t surprise anybody and yes, I’m on my way out too. Um, yeah, uh, Wall Street, Wall Street’s decamping. Th there is no more Wall Street. They’re gonna have Wall Street’s ending up in places like Miami, Palm beach, Tampa. Uh, a lot of money leaving 160 Wall Street firms.

have moved their headquarters out of New York since 2019, taking over a trillion dollars, trillion, with a T in assets under management with them. Holy shnikes. Well, now, listen, I’m on my way out, but again, our offices are located in Tampa anyway. So again, I guess we’re not gonna count in that.

Again, the New York Post reports looking to dodge rampant crime, stiff taxes, and increasingly exorbitant cost of living. 158 fed up financial firms representing $993 billion in assets have packed up and left the big Apple also taking their employees with them. Go right on down the list, ICON Capital Management headed up by

Carl Icahn, he was out of there. Paul Singer’s Elliott management, they managed close to $60 billion. Again, keep going down the list, one after another after, even Kathy Wood. Kathy Wood moved to St. Petersburg, Florida. And we’ve talked about Citadel and Ken Griffin. And again, this is a blow.

This is a blow, but again, this goes to the fact that liberalism is a bloody mental disorder. You’re losing your customers. You’re losing the people that pay the taxes, that pay these bills. And what are you doing about it? You’re making it easier on them? You’re dealing with crime? You’re lowering taxes or are you making it more difficult? And again, you know, again, I don’t care. You know, I’ve said this before.

(02:19.766)

You know, Thomas Jefferson talked about all of these states, all of these areas being little laboratories. And if you can’t see for yourself, you can’t see for yourself the laboratories that are failing here in this country, the states that are failing, well then again, something’s wrong with you. Watchdog on wallstreet.com.