The Trish Regan Show - BREAKING: Letitia James Facing DISBARMENT After EXPLOSIVE New Ethics Complaint for Fraud Allegations
Episode Date: May 4, 2025Leticia James is finally getting justice. Plus, President Trump is FIRING Mike Waltz as National Security advisor. And, Elon Musk was nearly going to be replaced HIMSELF at Telsa… story developing�...� Join me LIVE! SUBSCRIBE TO MY CHANNEL: https://Youtube.com/TrishReganChannel Become a TEAM MEMBER to get special access and perks:▶️ https://www.youtube.com/channel/UCBlMo25WDUKJNQ7G8sAk4Zw/join🟢For independent views on the market - sign up for my financial newsletter The 76report at:▶️ https://76research.com with CODE: DOLLAR today. Today’s show is sponsored by: 🟢https://TrishLovesGold.com — American Hartford Gold — go to: ▶️ Https://TrishLovesGold.com or TEXT TRISH to 65532 to receive up to $15,000 in free silver with American Hartford Gold or go to https://TrishLovesGold.com. You can also use Trish's name when calling 1-844-495-1115. 🟢 Go to ▶️ https://balanceofnature.com and use CODE: TRISH for 35% off and FREE SHIPPING OR CALL 1-800-246-8751 WITH Code Trish 🟢 Go to ▶️ https://CozyEarth.com/trish with CODE: TRISH for a special discount Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
Discussion (0)
Welcome to the program, everyone. We get some big news breaking on Letitia James I want to get to as well as this one.
It looks like Donald Trump is firing his first cabinet member, Mike Walts, who was over at NSA National Security Advisor, is reportedly out.
This is over Signalgate. I have a lot to share with you on all of that, but we begin here on Leticia James.
Leticia James in a lot of hot water. I mean, we knew this day was coming, right? It just took a little bit of due diligence.
and somebody went back a lot of years to get all the goods on her.
And sure enough, there's a lot of them.
Okay, so they're filing now an ethics complaint against Letitia James.
This is a big deal.
This is America First Legal.
Yes, it is a conservative group.
Yes, it is Trump-leaning.
Yes, Stephen Miller started it, okay?
But it doesn't change the fact that they found some really interesting, important stuff.
And now they're bringing this forward here to the state of New York saying,
we need to have an ethics investigation.
This is a big deal. This is an ethics complaint against her because what she is allegedly
possibly guilty of doing is actually really, really, really significant. I mean, really significant
because, you know, you're the attorney general. You can't actually be telling people that you live
in one state and that that's your primary residence and getting the benefits of the mortgage in
that state while you live in another. I mean, for goodness sakes, you were even thinking about running for
governor at one point, or to Letitia? I mean, that doesn't really work to be telling everybody
that your primary residence is in one location when, in fact, you live in New York. So this is the
new call right now to disbar Latisha James. They are asking for an ethics investigation,
and I'm telling you guys, they're going to get it. Take a look here. You know,
the part of this letter that they sent to the New York Bar Association shows that basically
this William Pulte found that, and has...
actually gone to one Pambondi and requested that Pambandi do an investigation as well.
So like there's going to be investigations of the wazoo.
They found that there was evidence that Ms. James had falsified some bank documents and property
records.
Oh gosh darn it.
Doesn't that sound kind of familiar to what she accused Donald Trump of doing?
Because he inflated some square footage.
Even though it was a private transaction, this is different.
This is not a private transaction, right?
She's benefiting from government-backed assistance loans and more favorable loan terms
while serving as the Attorney General for the state of New York.
Ms. James purchased a home in Norfolk, Virginia, and in the process declared that she intended to,
quote, occupy this property as my principal residence. I mean, think about it. She's the AG in the state
of New York, and yet she's saying, oh, I'm going to occupy this president. This property is my
principal residence. This meant that she would have had to have been a full-time resident of
Norwalk, Norfolk. Forgive me, the obvious reason for making the certification would be to
obtain a lower interest rate on the mortgage loan, additionally on another okay.
Ms. James appears to misrepresent the number of dwelling units in a multi-dwelling building that she owned.
She continued to misrepresent the number of dwelling units in subsequent years to obtain additional
benefits to which she was not entitled to the right, including a mortgage refinancing through
a federally backed lender at a lower rate than what would have typically been offered in the
private market. Okay, this is really bad. Like her problems have just swollen to epic levels.
She's come out and she's trying to diffuse it a little bit.
I'm going to get to that.
But the America First legal team is saying, you know, first of all,
what Mr. Pulte is showing is, or alleging, I should say,
is that, one, there's the issue of the primary residence, right?
She didn't live in Virginia, even though she was saying she lived in Virginia.
She lived, in fact, in New York.
And then they're also saying that she basically tried to falsify the number of dwelling units
so that she could qualify for a certain federal housing.
program and benefit from that lower mortgage rate. It's really bad, guys. I mean, what do they say
those that live in glass houses should not throw stones? It's kind of amazing because she was going
after Trump for something that was actually far less, again, because it was a private transaction.
But here they write, as the New York Rules of Professional Conduct States, a lawyer is an officer
of the legal system who has a duty to uphold the law and promote the administration of justice. A lawyer
should further the public's understanding trust and confidence in the rule of law and the justice system
because in the constitutional democracy, legal institutions depend on the popular participation and support to maintain their authority.
I mean, further, the legal profession is largely self-governing.
So if you have a legal profession with people like Attorney General of New York, Letitia James,
that are willing to engage in fraud, this is what is being alleged.
and look, they get the documents to prove it.
She's out there saying, oh, it's four units instead of five.
And she's saying my primary residence is in Norfolk, Virginia,
instead of in the state of New York, where she's holding political office.
I mean, I think that pretty much sums it up and says it all, don't you?
I think this is going to be a serious problem.
I mean, this is a massive issue for Letitia
and actually should result in her being disbarred,
because this is the kind of conduct that would get you disbarred.
In all seriousness, I mean, they have something here.
Fox outlined some of these allegations.
Let me go to this just recently.
James tried to prosecute the now President Trump in his second term.
I just want to read a couple of things.
Criminal referral, then a response from James' office here in New York.
James from both property is listed above.
This deals with real estate now, going back decades, really.
It appears to have falsified records known to beat certain lending requirements
and receive favorable loan terms, all right?
Her office responded by saying the AG James is focused every single day in protecting New Yorkers.
Specialist administration weaponizes the federal government against the rule of law and the Constitution.
She will not be intimidated by bullies no matter who they are.
The issue here is what property she owned and whether or not she owned it,
whether or not she was married and whether or not her father was involved in all this.
Without going into the weeds of the details, this stems from a case in 1983 and the year 2000.
That's a minimum of 25 years.
someone had to do some digging to find this.
Am I right about that?
Yeah, Bill, the most I know about the case I just learned from you.
I saw it on breaking news this morning.
This case was sent to us from Bill Pulte.
We have not seen it.
I inquired right before I walked out here,
no one in my office has read it yet.
We haven't looked at it.
Of course, we'll be reviewing it.
You just told me more than I've heard about it so far.
Hey, we aim to please with some breaking news of our own.
Indeed.
All right.
Attorney General, Pam Bondi.
So, Pam Bondi is pretty happy that they found this.
And yes, it required some due diligence.
And Letitia's going to say, oh, it's so political.
It's so political.
They're going after me because I went after him.
Well, you better believe it, honey bunny.
It is political.
And you went after him.
And like I said, those that live in glasshouses should not throw stones.
You had to have known that you did some illegal stuff yourself.
And yet you were willing to go after him.
She's trying to downplay this.
Oh, this is no big deal.
They're just going after me for political stuff.
I will respond to these baseless allegations at the appropriate time and in the appropriate way.
But I am 100% confident, confident that it will not result in any criminal indictment or action against me.
And that it is nothing more than a revenge tour and that Donald Trump just, just,
ultimately got to the Jays and I was next.
The key allegation, again, it sounds like you don't want to address them here, but I'm just going to put it out so people understand that a property that was owned in Virginia in a mortgage that you signed, if I'm not mistaken, for that property, that they say you falsely represented yourself as a resident of Virginia and that that was essentially amounts to mortgage fraud since you're a resident of New York.
what is your response to that?
It's baseless.
Everybody knows.
I'm a resident of New York, specifically Brooklyn.
And again, we will respond at the appropriate time
in the appropriate way to these baseless allegations.
And some media outlets like the Daily News over the weekend
has indicated as much.
Hmm.
Okay.
Baseless allegations, really baseless.
They're all just political because you and after,
him and therefore now he's going after you. You know, I remember when you thought that
that everything was just being reduced to politics, right? You tried to tell us that you,
you didn't campaign against him. Oh, but it turned out you did, right? Because there's this
little thing called the internet and we got the tape. We're going to roll it. The president of the
United States has complained that I'm engaging in some sort of political witch hunt, that I've got
some personal vendetta against him, that I campaigned against him. That is not true.
This illegitimate president, he sits aside and irritate until victory is won, but more importantly,
until Trump is defeated.
President Obama, and that is absolutely no respect at all.
Okay, okay, I won't torture you guys with more, but you get the impression, right?
She was extremely political, despite saying, oh, this is in politics.
by the way, I don't think that Trump would dispute that he's being political.
I mean, he's like, you came for me.
And, well, it just so happens that some people may be coming for you, including Pambandi.
But, you know, Pambandi has to.
Like, you can't not act on this stuff, guys.
When you're hearing, for example, that somebody was, you know, residing in one place
and yet applying for a loan that would provide them with a better interest rate,
courtesy of the federal government because they said they were living in another place,
that's a problem.
Oh, and then there's the whole, you know, father on the original mortgage who was listed
as a husband allegation.
That just gets into like, I don't know, Ilhan Omar territory.
I'm sorry.
But I think she's got it coming to her.
I really do.
I think she's scared.
She's got it coming to her.
And it can't happen fast enough because I'm just going to tell you this.
You know what?
We can't have lawyers that are rabid political animals like Letitia James in the system.
that are, by the way, abusing the system, allegedly, for their own benefit so that they can get better mortgage rates.
And then they go out after Donald Trump.
By the way, not even the Court of Appeals thinks she has a case.
Remember when Judith Vale representing Letitia James got out there in front of the judges and said before she got anything out of her mouth, got hit with a whole, we don't think you have a case here.
I'm still waiting on them.
Yeah.
They should have kicked this thing out by now.
but I think somebody's using it as leverage.
Corruption, right?
We need to root out this corruption.
But anyway, let me take you back to the appellate court
where they basically told the lawyer representing Tish James,
she was high.
May it please the court, Judith Vail for the New York Attorney General's office.
All of the defendants repeatedly violated...
Ms. Vail, can you identify any previous case
which the Attorney General sued under Executive Law, 63212,
to upset a private business transaction
that was between equally sophisticated partners,
where the supposed victim had the ability and legal obligation
to discover the allegedly misrepresented matters
by conducting its own due diligence,
where the supposed wrongdoer advised the supposed victim
through written disclaimers to conduct its own due diligence
and to draw its own conclusions,
where the alleged misrepresentation
almost entirely concerned inherently subjective valuations
of properties and business.
businesses. Yes. And where the victim never complained about any fraud of the transactional losses from it.
Because I've gone through the cases which you've cited, and all of them always involved the consumer
protection aspect. It involved protection of the market.
And I want to add to his question, and little to no impact on the public marketplace.
Exactly, okay? So, Letitia, good luck. Good luck with all that. I have a feeling.
You're going to be disbarred.
I have a feeling the penalties could even be more severe than that.
Another breaking story, breaking news we want to get to right now.
Mike Waltz is out.
This just coming to us, the report first coming from the Wall Street Journal,
that Donald Trump is firing Mike Waltz, national security advisor over the entire Signalgate thing.
Remember Signalgate in which you had all of those people discussing war plans?
Pete Higgseth has been tard and feathered because he was sharing.
some of the information on what was going to be going down in terms of the schedule.
It was a successful operation, but nonetheless, the fact that it was on signal, and a reporter
was also mistakenly added to that signal chat.
Now has Donald Trump moving, and Mike Waltz is the first casualty in this.
He tried to explain what happened to Laura Ingram.
She was perplexed.
This is about a month ago saying, how could this happen?
How could you put the Atlantic reporter on?
the signal chat. He took full responsibility. Let's watch.
I know what staffer is responsible for this right now?
Well, look, a staffer wasn't responsible. And look, I take full responsibility. I built the,
I built the group to make, my job is to make sure everything's coordinated.
But how do the number? I mean, I don't mean to be pedantic here, but how did the number
have you ever had somebody's contact that shows their name? And then you have a, and then you have
somebody else's number there. Oh, I never make those mistakes. Right. You've got somebody else's number
on someone else's contact.
So, of course, I didn't see this loser in the group.
It looked like someone else.
Now, whether he did it deliberately
or it happened in some other technical mean
is something we're trying to figure out.
So a staffer did not put his contact information.
No, no, no, no, no.
Of course, well, that's what we're trying to figure out.
But that's a pretty big problem.
That is what we've got the best technical minds, right?
That's disturbing.
And that's where, I mean, I'm sure everybody out there
has had a contact where you it was said one person and then a different phone number but you've
never talked to him before so how's the number on your phone i mean i'm not an expert in any of this
but it's just curious how's the number on your phone well if you have somebody else's contact and then it
and then somehow it's something something sent you that it gets sucked in was there was there
was there that wasn't on the chat that you thought was so the person that i thought was on there was
it was who was that's what person well i'm not look laura i take i i take responsibility i built the
I built the group.
Okay.
So that's, but look, that's the part that we have to figure out.
And that's the part that we, embarrassing, yes.
But Pete and I are veterans.
We know these operations.
He has been an excellent Secretary of Defense.
And this was an operation that, I mean, it amazes me.
I guess the Democrats were fine to leave all the ceilings shut down.
We're fine to have destroyers fired on dozens of times by this terrorist group
and fine to have Iran keep supplying the missiles, that was okay.
The president takes decisive action.
And now we're seeing some real success in taking down their air defenses,
opening the sea lanes, taking out their leadership.
We don't want to talk about that.
We don't want to talk about this.
Wow.
Okay, so this is a big deal.
He's going to be out.
I can tell you that he had already ruffled a few feathers within the administration prior to this.
Now, I realize the media has been going after Pete Hegseth, and they're really targeting.
like he is a target on his back.
And we'll get to that in a moment.
But in terms of most favored nation, right, within the White House itself,
in terms of, you know, if this is a popularity contest, I'm telling you,
Pete Heggseth is winning that all day, whereas Mike Walts had run into some issues,
including with even his staffers, because it was seen within the White House
that many of his staffers didn't really appeal to the MAGA base
and weren't exactly sort of part of the president's priorities in terms of national
security. Well, he's your national security advisor. So obviously you want people that are in line,
shall we say. He was also somewhat ideologically out of step with Donald Trump vis-a-vis
the Ukraine, vis-a-vis Iran, and he clashed with a lot of people within the White House. And so
all of this kind of was creating this bad blood atmosphere, and then you get this dozy, right? And I don't
know. Like, I have a lot of questions about how the heck this happened. Like, how did the Goldberg from
the Atlantic actually wind up on this. And they conducted an investigation, apparently in the investigation
is suggesting that it really was just human error and that Mike Walts or his staff added Jeffrey Goldberg
to the thing. So that's a little, again, you're like lacking trust, right? If you already have some
suspicions about the staff, if you already have some suspicions that Mike Waltz is not necessarily
on board with you or is in sync with you on national security issues, then this is what is going to happen.
So now there's talk of who's going to come in.
We'll see.
We can get to that chapter, I guess, in time because this is actually just being reported.
Donald Trump has made the decision to fire Mike Waltz.
I'm not sure why he's not being afforded the opportunity to resign, but maybe they're trying
to send a message here.
This is a big deal.
I mean, he's only been in office about 100 days.
This is the first cabinet member to go.
of course, he did fire the NSA chief, but this was his pick. Like, Mike Waltz was his pick,
and he's abandoning his pick pretty soon into this. But again, as I say, if you've got a popularity
contest going on, Mike was not going to win that. Pete Hagseth is somebody of the president trust.
Pete Hegseth has been by his side for years, years, and he knows that Pete is loyal, he trusts
Pete. And so when the media is coming for Pete, he's like, what are you talking about?
This happened as recently as the interview he just did with ABC News, where the ABC News reporter, who was basically humiliated and the whole thing.
It was actually kind of funny.
We talked about that yesterday.
Went after Pete, remember?
One question about Defense Secretary Pete Heggseth.
There's a lot of turmoil at the Pentagon right now.
There's the signal chat with his wife on it where he's discussing that attack in Yemen.
There's another signal chat discussing the attack on Yemen.
There's a reporter accidentally involved.
You said the other day that you had a total.
talk with the secretary. Did you take him to the woodshed? I had to talk with him, and whatever I said,
I probably wouldn't be inclined to tell you, but we had a good talk. He's a talented guy.
He's young, he's smart, highly educated, and I think he's going to be a very good defense,
hopefully a great defense secretary, but he'll be a very good defense secretary. You have
100% confidence in P.Hexam. I don't have 100% confidence in anything.
Okay, anything. Do I have 100%? It's a stupid question. Look, it's pretty important position.
I have, no, no, no. You don't have 100%? Only a liar would say I have a 100% confidence.
I don't have 100% confidence that we're going to finish this interview. We will.
Funny, no, that should have been the opportunity to get up and walk out and say, yeah, no, actually, we're not.
Anyway, this is interesting in that, don't forget, Laura Lumer, right? Laura Lumer,
went down to the White House a few weeks ago.
She's kind of a conservative activist that's popular on Twitter.
And she met with the president, and she questioned the loyalty of some of the people around him.
I don't know if Mike Waltz was one of the people that she was questioning.
Entirely possible, because again, as I just told you,
I think that within the White House circle, within the Magabase circle,
Mike Waltz was not seen as very much as in sync.
he was kind of viewed as a little bit more of like a neocan type, and so it is entirely possible
that she may have put, you know, something in his ear suggesting that Mike was not the loyal
soldier that he needed. I don't think there's any doubt that Pete is absolutely loyal. So he doesn't
worry about Pete in that sense. He may worry about him in just that, you know, it's a big job for a
young guy who was just on TV, you know, a few weeks ago, and now suddenly you're running the Pentagon,
and that's kind of a change.
of base. But in terms of waltz, there were questions about whether or not he was completely
in step and in sync with what the president wanted. So you have to wonder if that's coming into
play. And so he's a little less willing, shall we say, the president is to forgive and forget
when you do things that are going to be costly. I mean, it's one thing to add Jeffrey Goldberg
from the Atlantic. But what if he had added like somebody that could have actually jeopardized
that entire operation? If I'm Pete and the president is talking to you,
to me, don't forget, they just had a meeting the other day. If I'm Pete and the president is talking to
me about, you know, you got to do better, you can't be on signal, you can't be talking to your wife
and your brother and this and that, the media is going to come for you. Pete may have fired back
with, well, you know, Mike Waltz is the one who put Jeffrey Goldberg on this thing. And what kind of
sort of mistake was that? Like, that was kind of a real, like, no-go zone. So I think he's been losing
status up until this moment, and you need to have somebody in place at national security
that can actually do the job, and that has the trust and backing of the President of the
United States.
Laura Lumer may have done some damage in that we know a bunch of NSC folks were ousted.
These were some of the staffers that Mike Waltz had put in.
Mike Walt survived that round, but now he is gone.
So major, major development and it probably had to happen.
Listen, it had to happen, right?
Like if somebody screws up that badly and I want to give them the benefit of the doubt and
think, oh, maybe it was hacking, whatever.
And I've talked about that.
But they did the investigation and they're coming back to the reality that, no,
somebody just slipped up.
And we can't tolerate that.
So there you have it.
Mike Waltz, done after 100 and what, one days, 102 days.
You know who else is done?
Elon Musk is getting out of the White House.
He's still involved.
He's still got his Doge team there on the ground.
But he is out, and it's in part because take a look at the first quarter earnings.
They were down 71% there for Tesla.
I mean, he's got a company to run, thank you very much.
People had talked about him leaving at some point.
The president even communicated this.
That got leaked, by the way.
That was not great.
But this was out there.
He said he'd stay for the first 100 days, and then he'd go back to business.
Well, the board of directors really wanted him to go back to business.
They've actually, according to the Wall Street Journal that had this story exclusively,
been looking for a replacement.
They were looking for a replacement because check out the stock price.
Okay, you see there, I've got it up on the screen.
You see exactly when he started Doge and then you see it sink.
Because Elon's like all in, right?
Whatever he does, it's like a thousand percent of him.
And so when he started Doge, he was absolutely a thousand percent.
about Doge. Even when he was campaigning for Donald Trump, he campaigned. I mean, he really put his
heart and soul in it. And we love him for that, right? I mean, he's brilliant. He's a genius.
We wouldn't even have an electric vehicle industry. Thank you very much that the left loves so
much, even more for Elon Musk. We're sending people up into space because of Elon Musk.
We're probably going to be colonizing Mars because of Elon Musk. I mean, the guy is brilliant. He's
great. And I think he thought he could really make a difference in a super positive way. And he did.
His legacy is going to continue to live on, and he's still going to have a role there.
But look, they want him back at Tesla.
He was sleeping on the factory floor, right?
He's super involved.
He micromanages, people say.
But that's not all bad, especially when you're trying to excite people about doing something really, really, really different.
According to the Wall Street Journal, they write early last year after some two decades of running Tesla, however,
Musk had confided to someone close to him in late-night text that he was frustrated to still be working
nonstop at the company, as I said, sleeping on the company floor, especially after a Delaware judge
struck down his multi-billion dollar pay package. Do you guys remember that? That was like amazing to me.
Here's this guy who's working for nothing. He doesn't even take a salary and he said, okay,
well, I'll just be compensated in stock. And if I do a good,
job, I'll get more stock. Well, he did a good job. And so guess what happened? The stock price
went up, which meant before you knew it, he was owed $56 billion, $55.8. It was a pay package that was
approved by the board of directors at Tesla. He was taking no money. He's sleeping on the company
floor and he's like, listen, I don't want anything. I just want to get paid in stock. So if this company does
well, I get a portion of it. It's his company that he built and he's working for. But you know what?
A judge, a judge said, no, we're not going to allow that. That's the Delaware court judge. It was
mind-boggling to me and obviously mind-boggling to Elon so much so that Elon high-tailed it,
said, who the heck would want to register their corporation in the state of Delaware? I'm moving to
Texas, thank you very much. And he re-registered his corporation in Texas. But you know what really got me in that
whole story. It was amazing. The lawyers that brought the suit. You know how much money they wanted
to get? Six billion dollars, ladies and gentlemen, they didn't build a company. They didn't sleep
on the company floor. They didn't have anything to do with the success of the EV industry or what
Tesla had become. And yet, because the guy who created the company said, I'm not going to take a salary,
I'll be paid in stock. If the company does well, I do well. Because the company did really well,
they sued saying that this was just egregious and it was too much money and you know what
they wanted six billion dollars for their time to take it away from the guy who's creating this
they create nothing zip zero nada all they create are a whole bunch of headaches and yet they want to
go in there and collect some six billion dollars i mean i think it wound up being somewhere around
345 million because the judge said, yeah, you know, that might be a little too much.
You know what this tells you? It tells you, we need some tort reform. We need some tort reform
fast because think about it. If you're going to have lawyers that are so greedy, they're going to get
in there to get their fair share for themselves. I mean, it's not like shareholders would have
benefited from that. It would have been the lawyers pocketing the $6 billion. You know what
happened to the company? I mean, it is happening to the company. It's losing Elon Musk. It's losing
the guy that is the visionary because he's sitting there going, well, if I can't get paid,
because I got these lawyers doing crazy things, and what is it all worth? This is an example,
shall we say, of tort reform going, or needed, because this kind of legal insanity is costing our
economy overall, costing our economy. And I've been thinking about it a lot, not just in terms of
Elon because that was an amazing story and just disgusting to me that these lawyers wanted so much
money. But you think about what the drain is on society in general, right? You've got lawyers out
there doing everything they can. The ambulance chance is everything. The guys that are going after
people like Elon just trying to create a great company. And those frivolous suits are resulting
in $443 billion per year in cost to the American consumer. Who needs that? I mean, if you drill
down, you'll look at, say, car insurance, the premiums have gone up by $300. Why? Oh, because of these
frivolous lawsuits. You have hospital visits that cost roughly $650 more dollars than they did the
previous year, doing part to the legal system abuse, which is driving up liability and defensive
practices. I mean, this is happening everywhere. And we've got to get a handle on this. Like, somebody
actually has to step in. I mean, Donald Trump's out there trying to lower health care costs, right?
Well, have you thought about this?
I mean, think about the malpractice suits and the amount of money that one has to spend
in settlements, $4 to $5 billion a year, not to mention all the insurance costs, right?
You're looking at malpractice insurance costs for these hospitals of $10 to $15 billion.
Your career can be ruined, right?
If you have one of these, even if it's a frivolous claim and you're a doctor and you get
one of these frivolous claims against you, God forbid you get two of them.
I mean, it could be lights out for you and your profession and your career.
And so I'm not adverse to giving consumers a stand in all this, right?
Like, you ought to be able to sue somebody if something goes really, really wrong.
But you've got people suing things that are not going really wrong.
Like, it is just complete bedlam.
Elon's one example on the shareholder lawsuits.
And then you get all the malpractice suits where so many of them are just ridiculous
and they're costing our health care so much.
Do you know that the U.S., the U.S. of A, has the highest tort cost per capita of any developing country in the world?
I once asked my cousin, who's married to a woman from South Korea, about the health insurance industry and just health and health care in general in South Korea.
He spent a lot of time living over there.
By the way, they have like a superstar daughter who became the youngest.
She's half American, half South Korean.
I'm so proud of her.
She's my little cousin, Casey Fair.
she became the youngest player to ever play in the World Cup.
I think she was like barely 16 years old.
This was just last year.
And now she plays out in L.A. for a professional team.
She went pro.
She's amazing, like totally, totally, totally amazing.
My cousin's a former soccer player, too.
Not at that level.
But anyway, he and I would love to talk about some of these things.
And like, I am someone who loves to look around the globe
and look at sort of case studies that are out there.
And the South Korea example is really interesting to me,
because you know what they do?
they limit the crazy lawsuits.
They're like, okay, you know what?
Like, we have to get a handle on this.
And so they made the decision that they could help bring down health care costs by having
a system that didn't sort of reward all these crazy lawyers.
For example, you can't get a jury case because those are very, very emotional, right?
Like you get a jury case and that tends to you have these crazy awards amounted because
people feel, obviously, you know, but you have to.
like for the greater good of the system, at some point say, all right, we're going to do something
that is reasonable, but not excessive. And I'm not saying we go the path of South Korea,
which, by the way, is a different legal system than us. But I am saying it's time to wake up and
realize these costs, what they're costing society. And you have to think about it, even in the
context of what was going on with Elon Musk, because Elon's looking at it saying, why the heck do I
want to work for this company, right? Why do I want to work for this company that I'm building? And by
the way, I'm kind of the only guy that can do it when they're not even going to pay me. I'm sleeping
on the floor. He's telling a friend, like, maybe I should be doing something else with my life. Yeah.
You know what? That's what these crazy lawyers are costing us. They're costing us all the creativity
and the work ethic and the engine that makes America, right? So to preserve capitalism in this case,
I think we've got to do something about that.
That's my little soapbox for the day, shall we say.
I would also say we want to get to this big story.
There are new demands being made of illegals.
Or I should say new demands being made on ice of illegals.
We've been talking about this.
I think this is going to heat up in a massive way.
So I want you to keep an eye on this story.
This is that Jennifer Thurston.
She temporarily blocked border control agents from making warrantless arrests.
of suspected illegal migrants without probable cause before a warrant is obtained.
So she's saying if you want to go after them, you have to have a warrant.
They're arguing back that that's not really something that's possible.
It's not possible because guess what?
Guess what?
In many cases, they flee, right?
You believe they're involved in a criminal activity.
You don't have a warrant?
And guess what, they're gone by the time you can get them.
So this is, it's all turning into kind of a really nasty legal battle as we discuss some of these legal issues.
I get to tell you.
We have much more to get to and we will do more on the show.
Tomorrow, I want to remind you as we look at a market right now that is trading higher.
We actually are up.
This is the wrong lower third.
They do furious lawing economy though.
We can leave it there.
76research.com, the company I own and have created really for you guys because I want you to have the best in class
access to financial research. I want you to go over there, check it out. There are a lot of fears right now,
but I'm going to tell you the fears are misguided. I think that we're writing the ship, so to speak.
Besson's out there doing deal after deal after deal. Donald Trump is very open to deal,
so we're going to get a lot of tariff deals. I don't think the tariffs are going to be as painful
as some in the left wing media would like you to believe. So I stay optimistic in this environment.
Go check out 76 Research.com today. Thank you for all being here. I know it's an
earlier day. Leslie, I saw your comments there. We are here earlier, but you know what? I had to
bring you that news on Mike Waltz. Cat Crazy, you made it as well. Mike Costa. Wow, guys. Impressive.
Impressive. I didn't even give you much of a heads up. Thanks for being here. We're going to talk
tomorrow.
