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'Toxic' Trump Organization will struggle financially after 'devastating' felony convictions: former anti-corruption prosecutor
In an interview with Politico's Erin Durkin, a former prosecutor who served in the New York State Anti-Corruption Office claimed the Trump Organization faces financial hardship and an inability to operate as they have in the past after being convicted on 17 felony counts.
In a review of wait awaits executives at the former president's signature company after the trial in a Manhattan court ended with a guilty verdict on every count related to a "tax-dodging executive-compensation scheme," the report notes that companies and banks who work, or have worked, with the company may shun dealing with the company or find there are roadblocks to partnering with the Trump's.
According to anti-corruption attorney Ben Gershman, the future looks grim for the Trump Org.
“The consequences could potentially be devastating for the company. The Trump Organization is now toxic. Nobody wants to touch them, explained the legal expert who currently teaches law at Pace University.
“They’re going to be totally unable to obtain financial support from any responsible financial institution. I’m thinking of loans, I’m thinking of mortgages, I’m thinking of insurance,” he elaborated. “They’re not going to be able to get any government support, financing and contracts and so on because they’re a convicted felon.”
According to Gershman, banks will balk at lending money to a company with felonies on the books, insurance companies may take pass on issuing policies and any government contracts may now be out of reach despite Trump's tenure as president.
The report goes on to note that Trump and his family will likely look to settle out of court with New York Attorney General Letitia James in a civil suit that could result in banning them from serving as executives or directors of any New York-based corporation licensed by the state.
According to New York corporate attorney Joshua Schiller, “There’s pressure to settle this. One conviction is very bad. Another series of complaints, that are against the individuals now, would be even worse.”
He added Trump may be forced to move all of his business out of New York.
“The real issue is, will they be able to continue doing business in the state of New York? It raises questions about whether any financial institutions will be able to or will want to do business with them. I think that’s unlikely,” he predicted.
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Indiana Republicans express 'sense of betrayal' over GOP senator's vote in favor of same-sex marriage protections
A group of Indiana Republicans censured Sen. Todd Young (R-IN) for voting in favor of a bill codifying same-sex marriage into federal law.
The Cass County Republican Party sent a censure letter Thursday to the GOP senator expressing a "sense of betrayal" for his vote in favor of the Respect for Marriage Act, which passed the U.S. Senate with 12 Republican votes, reported the Washington Examiner.
“Your decision elicited feelings of anger, disbelief and even a sense of betrayal,” the GOP group wrote in its censure letter. “We are not just fiscal conservatives, but social conservatives as well. Your opinion piece in the Indianapolis Star on November 30 only confirmed our concerns that you have departed from the deeply held views of the vast majority of your fellow Hoosiers.”
Young has expressed support for the bill in the past, which sparked backlash from Republicans in his state, and the bill now moves to President Joe Biden's desk after passing the House.
“It does not bring pleasure nor eagerness to write to you this evening,” wrote Cass County GOP chairman David Richey in an email. “Cass County Republicans felt that waiting until the next election cycle to share how upset they were would not accomplish anything and therefore chose to write this letter of Censure to Sen. Young.”
Sen. Kyrsten Sinema (D-AZ) announced she is leaving the Democratic Party and registering as an independent, and it has left members of Arizona's Democratic Party fuming.
In an interview with NBC News, outgoing Arizona Democratic Party Vice Chairman Michael Slugocki revealed that Sinema has had "no relationship and no contact with the state party for months" and didn't even give them a heads up before her decision to leave the party.
"I am not surprised," Slugocki said of Sinema's behavior. "But I’m still shockingly disappointed at how awful she continues to be."
Although Sinema is still caucusing with Democrats, she has complicated the party's plans heading into 2024, as they may not be able to run their own candidate or risk splitting the vote and handing the seat to a Republican.
“It does shake up this race,” Slugocki said. “She’s deliberately trying to make it difficult for Democrats in Arizona.”
He also said that Sinema could make it much harder for President Joe Biden to win in Arizona again, especially if she spends the next two years trashing the party.
"It does make things more difficult for Joe Biden, but I don’t think she cares at all," he said.