New York Stock Exchange U-turns on decision to boot China's three biggest telcos

Re: Why?

Offload to whom? Those shares are not interchangeable with shares abroad on other stock markets. OTC is also ruled out by this "any derivative of" phrase:

"beginning 9:30 a.m. eastern standard time on January 11, 2021, any transaction in publicly traded securities, or any securities that are derivative of, "

All those futures, options, and all the other fictional derivative asset shit, the US fabricates on the back of those shares would be zeroed too. Ha ha, you'd really undermine trust in these derivatives if their value goes poof with one random decision!

Trump would had given all that investors cash, free, to these Chinese companies, locking that cash into those companies! And stripped the NYSE of the assets it leveraged on the back of it. If its illegal to own shares, it illegal to received dividends!

And for what? China is awash with dollars, it could simply fund its own in dollars or Yuan. It's the dumbest self own.

Congrats to the Democrats on winning control of the Senate. You'll see the same games in Pennsylvania repeated in Georgia. Republicans in Pennsylvania refused to recognize the new Democrat elected winner, then seized control of the speakers position with a vote (rigged by blocking the elected Dems).

The election riggers went full out this time, not even pretending to abide by the election result. Perhaps they'll give it a veneer of legality with one of their puppet judges. I can believe Kavanaugh, and Amy Cohen Barrett, would attempt some judicial coup. Hey if you'll turn churches into Covid super-spreader locations, you don't care about people, so you don't care about "we the people".

Any laws Pennsylvania Republicans pass are illegal, any appointments they make are illegal. Any money they spend is theft. The election was decided and GOP refusing to acknowledge they lost and pretending to hold power is moot. If they buy stuff from you, they can't pay you. If they hire you, they cannot legally pay you. If they pass laws declaring themselves rulers-for-life simply tell them to fuck off.

Biden will have to send in the National Guard to enforce democracy in red states. They should do that for the next election too. No more riggable paperless voting machines in Texas. No more voter suppression. No more voter purge lists. No more 10 hour queues to vote in Democrat districts. No more "you can only vote by mail if you're over 65.... i.e. likely a Republican voter". No more '1 ballot drop station for 2.1 million voters'. No more 'one polling place for an entire city'. No more certifying only Republican districts. No more Republicans trying to put fake electoral college voters in. No more fake elections with Republicans picking the winner by forcing who can vote to the subset of people who will vote for them.

No more of the Republican election rigging.

Re: Follow the money

Or a strong position in New York remaining a financial center.

If a president can ban foreign companies on a whim shouldn't all foreign companies worry?

Trump also started a trade war with Canada, for National Security reasons, perhaps Bombardier could be the next victim, or Deutsche Bank if Merkle was rude to him or Samsung if he felt Korea wasn't supportive enough.

Then Saudi Aramco or gun companies could get worried about the next president.

Pretty soon it's safer to list in Singapore or Geneva or some new online exchange in some tax haven.

Re: A totally useless move

Sounds like fear of losing reputation to me. As posted above by YAAC it would have the potential to reduce their business to US companies only.