Texas COMING for New York's stock exchange business

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Okay, good luck with that.

That’s exactly what people want. An unregulated stock exchange based in Texas. Doesn’t sound sketchy at all.

A Texas-based stock exchange? "Money laundering", I believe it's called.

If its in Texas, it will be susceptible to the rampant corruption in that shithole state, possibly plunging the entire country into a recession.

Wait till they have an electric power grid failure.

“ it will be susceptible to the rampant corruption in that shithole state, possibly plunging the entire country into a recession”

In Texas’s defense, this has happened repeatedly by the exchanges in NY. This will be worse, of course.

But of course.

Texas is incapable of innovating. They can only hope to steal and leech off of better, more inventive, cutting-edge states.

The only kind of "stock" Texas should be dealing with is the live- kind.

Escaping NYC taxes and lawlessness would be a good move now that telecommunications no longer require the Exchange to operate physically in the city.

The process is already under way. Even as of last year thousands of jobs had already escaped from New York.

Nearly 160 Wall Street firms have moved their headquarters out of New York since the end of 2019, taking nearly $1 trillion — yes, that’s trillion with a “T” — in assets under management with them, according to data from 17,000 companies compiled by Bloomberg.

Looking to dodge rampant crime, stiff taxes and an increasingly exorbitant cost of living, 158 fed-up financial firms representing a whopping $993 billion in assets have packed up and left the Big Apple, taking thousands of high-paid employees with them, the data shows.

Icahn Capital Management — headed by billionaire corporate raider Carl Icahn — is among the most prominent firms to decamp to the Sunshine State. In August 2020, the firm ditched its posh Manhattan digs atop Fifth Avenue’s General Motors Building in favor of a 14-story office complex in a Miami suburb.

Ha. I can't wait for some of those "Wall Street" bros to accidentally knock up some Texas chickadee.

it's spelt Taxes

My immediate thought was it's like NFTs, but for bilking gun nuts out of their money instead of tech bros.

WSJ and New York Post - both conservative rags who like to stir trouble and always support Repug talking points. Treat their "news" with some scepticism.

R14 = Pinch

I boycott everything Texas, except for Tito’s.

[quote] I boycott everything Texas, except for Tito’s.

You ungrateful bastard

Late stage capitalism doing its thing.

A good deal of the stock exchange business is global. I doubt most of the trading will be willing to move from NY to Texas.

It's not about the trading. The age of ticker tape is gone Firms are moving their headquarters to states with lower taxes in a trend that predated the pandemic.