Good News for Wall Street

Katzndogz

Diamond Member
Sep 27, 2011
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I always said that it would serve New York right if Wall Street just up and left. Empty the buildings and leave them for the rats and homeless.

Now it's actually happening.

Finance industry running from high taxes to the warmth of the Sunshine State - NYPOST.com

The firms can easily pick up and move out of the New York region because technology allows them to do their work anywhere, she said.

That’s exactly what Hecksher — whose company services hedge funds around the world — did when he was looking to expand the firm’s US presence.

New Jersey-based Apex, he said, could easily have chosen Manhattan or Greenwich, Conn. — but instead, the company followed the industry to the tax-friendly Sunshine State.

Which will go bankrupt first, New York or California? Or, will they go down together.
 

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