Yeehaw! Inside the New Texas Stock Exchange!
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Yeehaw! Texas Stock Exchange! Yeah! About $120 million has been raised from investment firms and individuals. And there are plans right now to register with the Securities and Exchange Commission. And that right now is going to be a bit of a problem. I’ll get into that a bit. Where they want to start a Texas Stock Exchange, the goal is to start
facilitating trades in 2025 and host its first listing in 2026. Why? Why? Well,
certain companies are a little bit ticked off, tired, tired of DEI requirements, tired of ridiculous compliance costs and dumb rules like board diversity. Yeah, yeah, you want a list on the New York Stock Exchange and you got to make sure you have board diversity. What a bunch of bull excrement.
The backers of the, they’re calling it the TXSE, pledge it will be more CEO friendly. Again, other reasons? A shifting landscape here in this country. More and more companies are moving to states with more favorable regulatory and taxation policies. Golly, there’s a shocker.
Texas is now home to more Fortune 500 companies including Exxon, Mobile, AT &T, and American Airlines than any other state. Goldman Sachs broke ground last year on a Dallas campus that could house 5 ,000 employees. Dallas, and I quote, has become one of the most, if not the most dominant financial centers in the country, if not the world.
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JR Ewing is back. Remember the 80s? What was it? Yeah, the theme song. I’m trying to get it there from the television show Dallas. Yeah. Again, talk has been swirling in trading communities about an upstart anti -woke exchange launching in Texas. I am smiling from ear to ear. This is how things are supposed to happen. This is what the founders wanted.
Jefferson is smiling, smiling right now. Again, every single state, this federalism supposed to have its own little laboratory here and let these businesses shift to these areas. I did a podcast about Sam Kinison, move to where the regulatory climate is better, move to where there’s less crime. Okay, it’s real simple.
It’s real simple and, Congratulations to Texas. I did say though, there’s going to be an issue. Going to be an issue. securities and exchange commission is going to get some phone calls. Going to get some phone calls from liberals and Elizabeth Warren’s of the world and the Bernie Sanders looking to throw up as many roadblocks and problems and issues as possible with the Texas stock exchange.
Again, that’s what they do. Again, they’re doing it in Texas. I got a sinking suspicion. They’re going to fight all that nonsense. Watchdog on wallstreet .com.
