Yahoo Finance Kevin O'Leary Says 'The American Brand Has Been Dragged Through The Mud, Sunk To The Level Of A Banana Republic'
Shark Tank's Kevin O'Leary has been very vocal about his views on the trial against Donald Trump. During the trial, when Trump's assets were at risk, he said that seizing Trump's assets "like he was in Venezuela or Cuba" would not be good for business in New York or the United States.
Trump later secured a bond, to which O'Leary said, "Thank goodness the adults came to the rescue." However, Trump was found guilty, and in a post on The Daily Mail earlier this month, O'Leary said, "The American brand has been dragged through the mud, sunk to the level of a banana republic where rulers take their political enemies out to the jungle to disappear."
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"This great nation now stands diminished in the eyes of international investors," O'Leary continued. "And the economic consequences for ordinary Americans could be dire."
O'Leary said that the "sordid trial – brought by partisan Democratic prosecutors in Manhattan" has done serious damage to the credibility of America and that "in Biden's America" powerful business owners everywhere "could stand trial on purely political grounds."
"No one truly knows how much this conviction will sway November’s presidential election," O'Leary said. "Surely, if this verdict hampers Trump’s chances of winning in 2024, there might be cause for concern. And no one will be watching more closely than wealthy investors."
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Other wealthy businessmen have voiced their concerns about the outcome of Trump's trial, including real estate titan Grant Cardone, who said he will not do business in New York.
Cardone told his team to "immediately discontinue all underwriting on New York City real estate" because "the risk outweigh the opportunities at this time."
Cardone followed up by saying that Alabama, Arizona, Florida, Tennessee, and Texas, all of which traditionally carry an advantage for Republicans, would be "massive beneficiaries" to New York's ruling against Trump.
But, O'Leary believes Trump will successfully appeal the ruling against him.
"Trump’s verdict will no doubt be thrown all the way to the Supreme Court," O'Leary said. "And once this travesty is correctly checked and this corrupt prosecution scrutinized, investors will feel less spooked. The US is still the No.1 economy on Earth. It is still the place where most capital comes to invest. Let’s hope that doesn’t change."
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This article Kevin O'Leary Says 'The American Brand Has Been Dragged Through The Mud, Sunk To The Level Of A Banana Republic' originally appeared on Benzinga.com
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