DeSantis and FL moving to hammer Disney

[Anonymous]

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Anonymous wrote:Hear DeSantis is planning to let the bond default and blame Disney.

Where are you hearing that? I don’t see how that would actually happen under the law.

I heard it from some connected Florida republicans(DeSantis outer circle). They are looking for a favorable judge. They think they have a few lined up because people think DeSantis will run for President.

Well that's justice for you. The fact is that if he dissolves the special district without assuming the debt, then he has to face the bond holders, not the Mouse. Because the Mouse did not issue the bonds. So Vanguard, iShares and everyone else will come after FL. There is no judge, no matter how crooked, that can assign this debt to them. Even if one tried, it would end up at SCOTUS.

SCOTUS would side with DeSantis. It’s a republicans court and this is an election issue.

No they wouldn’t, because it would destroy the municipal bond market.

Lol SCOTUS is totally controlled by the republicans. It would help the republicans if the bond market crashed. They can blame Biden and the dems plus make a little money.

Go to bed and let the grown ups has their peace, junior. You don’t understand how the economy works.

Okay I see you can not argue the facts so you resort to personal attacks. I seriously doubt anyone such as yourself who relies on Fox News really has any understanding of the economy, legal system or financial markets. Continue on with your naivety.

If SCOTUS rules on Disney they will restrict the ruling to Reedy Creek Improvement District as a one off ruling. They have done it before in political cases and a few people will grumble about but not too loudly. The facts around the case would make it very easy to do. The 4.2 trillion municipal bond market will absorb the 1 billion dollar lost and continue on. DeSantis is a republican rising star and likely next President. No way in hell SCOTUS damages him politically.

Dp- the fact that you think you are arguing with a RWNJ shows how … silly? misguided? ignorant? Pick one… you are.

+1. I am the pp you two are talking about/to. I am not a RWNJ, and am very anti-DeSantis. I think this was a stupid move be DeSantis and ultimately Disney will win this fight because legally DeSantis can’t do what he’s trying to do but is too arrogant to bother having this analyzed properly instead of pulling some stupid knee jerk move. But I stand by my position that SCOTUS would not allow DeSantis to go forward with this, and DeSantis wouldn’t let it get to SCOTUS level in the first place. He knows he screwed up so he will try to quiet negotiate a resolution.

DP. The corruption and intellectual bankruptcy of the Roberts court is legendary and I would not put it past them to side with DeSantis. They don’t seem to care about anything except installing the Christian white nationalist government that the GOP has wanted for decades.

Tell me you don't actually follow SCOTUS without telling me you don't actually follow SCOTUS.

You’re right. There is no shadow docket in which the far right justices have gotten away with absolute nonsense and even the full court hasn’t reversed precedence and ignored everything else in order to get to the result they want.

Turns out, having two completely illegitimate justices (plus Merrick Garland’s seat and Clarence Thomas, who has no business being on the court when he and his wife are warriors for the Christian nationalist movement) isn’t good for the court’s integrity. Who knew.

Again, tell me you don't actually follow SCOTUS without telling me you don't actually follow SCOTUS.

DP what’s your point? Are you going to add something to the conversation or just troll?

PP is just posting vague screeds without any substantive support. They are not adding anything of value to the discussion, which was the point of my posts.

[Anonymous]

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

PP made a mistake. Disney controls the legislature and the courts as the largest state employer does in just about every state.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

PP made a mistake. Disney controls the legislature and the courts as the largest state employer does in just about every state.

Really? How is Disney in this situation? Remember Disney criticized the law after it was passed and not before. After which Disney was attacked by DeSantis. How is that controlling anything. Hope Disney shuts it down and fires all their employees in Florida.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

PP made a mistake. Disney controls the legislature and the courts as the largest state employer does in just about every state.

Really? How is Disney in this situation? Remember Disney criticized the law after it was passed and not before. After which Disney was attacked by DeSantis. How is that controlling anything. Hope Disney shuts it down and fires all their employees in Florida.

They can fire all their hourly workers and contract with a staffing company. The majority of low level Amazon workers are from a staffing company. It gives the company an extra level of insulation when it comes to employee abuse. It would be terrible for the workers but imagine the shock and awe right before the election to fire all the drones and blame it on DeSantis. Disney holds the power here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

But Disney has the money to hire far better and smarter lawyers who will find the legal issues that cause these laws to be unconstitutional or unenforceable. In this case, DeSantis and the Florida legislature did absolutely no homework on the Florida legal system and made several major legal errors when enacting this law. There is absolutely no way that this law will take effect in June 2023. At a minimum, if the courts to not send this back to the legislature to rewrite covering for the many issues with the law, Disney will have this caught up in legal red tape and injunctions until DeSantis and half the current legislature is out of office and they will find and support people who will work to overturn this law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

What you’re suggesting is unconditional. Just fyi. He can’t tax Disney extra because he doesn’t like their public political statements. What the hell is wrong with you?

[Anonymous]

Unconstitutional*

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

The delusion is real.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

The delusion is real.

They also think DeSantis is a king that can just pass laws with a wave of his hand.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

The delusion is real.

They also think DeSantis is a king that can just pass laws with a wave of his hand.

You might want to brush up on Florida politics. You people just have no understanding of Florida.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

There has been only a couple of government bond defaults ever. It is a big deal. And yes it was a real government entity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

PP made a mistake. Disney controls the legislature and the courts as the largest state employer does in just about every state.

Really? How is Disney in this situation? Remember Disney criticized the law after it was passed and not before. After which Disney was attacked by DeSantis. How is that controlling anything. Hope Disney shuts it down and fires all their employees in Florida.

You do understand you are advocating crushing the Florida economy? End 80,000 jobs all at once? Florida would be bankrupt in a week with the claims on services. This will all work out in Disney's favor. Quietly. Behind closed doors where Disney money will do its magic.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DeSantis says Disney will pay. DeSantis is the executive of Florida, he controls the Florida legislative branch and Florida courts. Disney will pay.

That’s not how anything works. You cannot force an independent third party to assume responsibility for bonds for which they have no legal obligations. And if DeSantis tries to play games with repayment of the bonds, ratings agencies will downgrade all of Florida’s debt because they will not longer be reliable on their repayment obligations, which would have severe consequences for Florida.

DeSantis can pass any law he needs to to make it happen. Oh and there are never any long term consequences for governmental defaulting. Specially when this is not really a government entity.

What you’re suggesting is unconditional. Just fyi. He can’t tax Disney extra because he doesn’t like their public political statements. What the hell is wrong with you?

Trump has shown the rubes that authoritarianism is real. The US constitution and the state constitutions simply haven't caught up.

The irony is the "strict constitutionalists" who somehow think this is ok.