April 22, 2025 • 19 mins
Buck Sexton is joined by Mark Simone to break down the criminal referral against New York AG Letitia James. Is she in real legal trouble or will politics protect her? Plus, Andrew Cuomo’s rumored comeback, Eric Adams’ collapse, and what Trump’s next moves could mean for the market.
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Episode Transcript
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Speaker 1 (00:11):
You're listening to the Buck Sexton Show podcast, make sure
you subscribe to the podcast on the iHeartRadio app or
wherever you get your podcasts.
Speaker 2 (00:20):
All right, everybody, mister New York joins us now Mark
Simone of seven to ten wor the Marx Simone Show
ten a m. Eastern Go check it out the Marximone podcast. Fantastic, Mark,
fascinating to see last week. You get this big story.
You can lay out some of the details for everybody
here in a moment on the Attorney General's New York
(00:40):
Leticia James getting a referral over mortgage fraud and just
crickets chirping all weekend about this from most of the media,
like nobody's supposed to care about this.
Speaker 3 (00:51):
What do you think? Is she in trouble? How big
a deal is this.
Speaker 1 (00:54):
Going to be? Well? I assume the documents are correct
because the guy that did the investigation, he himself had
been in prison for white collar crime. He knew where
to look what to find. It was turned over to
the Feds. They've looked at it. I don't think they
would have made the criminal referral unless they absolutely verified
that these documents are real and if they're real. She
(01:14):
committed mortgage fraud, bank fraud, wire fraud, all sorts of
criminal stuff. And it's not like the Trump charges. You know,
the thing he was charged with, nobody in history had
ever been charged with. But with this stuff, many people
have been convicted of this. It's a common crime and
she's got a huge problem. And it's the hipocracy Democrats
are famous for.
Speaker 2 (01:36):
Yeah, I have to wonder if she is charged, which
it feels like, I don't know how you can. Assuming
the facts are correct. She has to be charged because
what she's done is illegal. Other people go to prison
for this routinely. This is not something that is usually
treated as a minor issue. This is treated as a felony.
(01:56):
And if she is charged, Mark, does she have to
step down as Attorney general? Is there any world in
which she tries to fight through and keep that position?
Speaker 3 (02:05):
What do you think?
Speaker 1 (02:07):
Well, it is New York. I guess you could govern
from a and sell. You know, this Attorney General's office
in New York has some kind of curse on it.
Something like four at the last five Attorney generals ended
up with criminal problems. Elliott Spitzer, Dennis I think his
name was Vaco bribery from I think it was karting companies.
(02:27):
Andrew Cuomo got in trouble. While everybody it's been in
that office ends up with a criminal problem or two,
so there's a curse on the office. Also. I mean
there's a couple of different cases. She's a couple of
different charges. The one in New York City she'll get
one of these crazy New York judges, these Trump paiding judges,
that might help. But the one in Virginia she's got
(02:48):
a real problem with and there's no way out of it.
She declared it her primary residence, which if not true,
as a crime. If it is true, she's committed election
fraud in New York because our law requires her to
live in New York. So I know she's hinted that
the defense will be she didn't do this, or representative
did the whole thing for her. But under the law
(03:11):
you have to when you sign it, there's a box
you got to check that you've read it and everything
in it is one hundred percent true. And if you
want to claim a representative did it, remember Donald Trump
said that, and they said that is not a valid defense.
Speaker 2 (03:23):
Well, you know, also, I like to remind everybody of this, because,
you know, apart from Letitia James and the stuff with
Trump and what she may have done here, you know, allegedly,
I tend to think that some of the mortgage fraud
statutes are particularly harsh, and I think can be overly
(03:44):
harsh based on what the actual crime is. But put
that aside for a moment. She has brought this, or
rather her office has brought this against other people. People
have gone to prison on her watch for this. And
to give a sense as to how merciful or not
she is as a prosecutor when there are politics involved,
didn't she send what was it, Alan Weiselberg to Rikers
(04:05):
Island for what was it? Not reporting like company use
of a car or something? Was it was some pretty
mickey mouse tax stuff? And Trump's one of Trump's accounts
for the Trump Corporation. He went to prison for a while,
didn't he.
Speaker 1 (04:20):
Yeah, he's actually the CFO. It wasn't her. It was
the same thing. It was the awful DA here in
New York, Alvin Bragg.
Speaker 3 (04:27):
It was brag that's right. Yeah.
Speaker 1 (04:29):
Why isn't going to be used in a car and driver?
I guess if you're supposed to put it on your
income tax. The funniest thing in the world is Alvin
Bragg has a car and driver paid for it by
the taxpayers. I guarantee you he didn't put that on
his income tax. Every day he showed up a car
and a driver. To prosecute this guy for using a
car and a driver. Again, the hypiocrasy Democrats are famous for.
Speaker 2 (04:50):
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ninety eight ninety eight ninety eight today. You know you
tend to see where these things are going very well
in your in your hometown of NYC. Do you think this,
(05:54):
James is Is she in for it? Is she in trouble?
Or can you see a way in which she skates
out of this whole thing?
Speaker 1 (06:01):
If the documents are correct, and I assume they are
because the guy that did the research is pretty good,
and again the government wouldn't have brought the charges without
verifying the documents. And if that's the case, it's an
absolute definite conviction. And knowing Donald Trump, he'll pardner just
to be gracious about it, but get that conviction, and
maybe he'll hold off on the pardon, but maybe on
(06:22):
the way out he'll partner.
Speaker 2 (06:23):
He'll keeper from going to prison, but he'll allow Uh yeah,
I mean I could see something like that maybe happening.
Is Andrew Cuomo really going to be the mayor of
New York City? Is that really going to happen? This
guy Cuomo making this comeback, and it's just remarkable that
this is even a conversation, but it looks like a
very real one.
Speaker 1 (06:41):
It's very early in the race. The only reason he's
in the lead he's got the name recognition, and people
I don't think are aware of his track record. He
did like twelve of the stupidest things ever in history
as governor, obviously the nursing Home thing. He's the guy
that pushed and got through the snow Bail no Jail,
single handedly causing the crime wave. He changed our whole
(07:02):
parole board. He put twelve left wing wackos who let
every criminal out. They've already let out forty three cop killers.
He's the same thing as Gavin Newsom. They're both very similar.
They're great salesmen. They'll give you a great press conference,
they look good, they'll give you a great speech. They
know how to campaign. But they're salesmen. They're not executives.
(07:22):
They're not managers. Great salesman. Put them in office, they'll
make all the wrong decisions. Cuomo's the guy that picked
Kathy Hochel for us. He's the guy that closed our
nuclear plant, taking away twenty five percent of our energy.
It's a long, long list of incredibly stupid things he did.
Sending the people the virus into the nursing home got
(07:43):
to be the dumbest thing ever in any elected official
has ever done.
Speaker 2 (07:47):
Is Andrew Cuomo, in your estimation, mark the worst governor
of New York State that you can remember. Like, would
you put him in the worst spot?
Speaker 1 (07:56):
Uh? Yeah, I think so, right.
Speaker 2 (07:58):
I mean, you just made a pretty compelling case. I
would think that he's got to be up there. I
know there's you know, you know attack he was pretty good.
I'll think there There's been some pretty decent New York
governors back in the day.
Speaker 1 (08:08):
Right, he was excellent. We had an economic boom under
protect Yea. Mario Cuomo wasn't the greatest, but he kind
of knew his limitations and stuck to the speeches and
didn't do a lot of crazy things. Cuomo just went
out of his way to do unbelievably stupid things. He's
the guy the congestion pricing through and again, the no
bail note jail single He single handedly caused this crime wave.
Speaker 2 (08:31):
Yeah, Spitzer was a dirt bag, but you know, eating
last he didn't last too long.
Speaker 3 (08:36):
What happens with? What has happened?
Speaker 2 (08:38):
Actually Mayor Eric Adams now that it looks like he's
coming to I know he is running, right, so the
mayor of America's largest city plans to stick around if
he can for another term. They've had the federal criminal
charges dropped against him, which is fascinating that Democrats were
complaining about this, right, it just gives you a sense
where they are. They're like, how dare you take this
(09:00):
like prominent black democrat and not try to put him
in prison for nonsense? But anyway, how would you how
would you assess? I know it's not but why is
it not good? Why did this guy fail so badly
as mayor that his approval rating is down where the
Democrat Party nationally is it's rough.
Speaker 1 (09:20):
Well, even more so, he's just a salesman, he's not
a manager. He's a good talker, he's cute, he's charming,
he's had incredible suits. That's it. You put him in office,
you make all the wrong decisions. The people he picked
originally to run things one by one. They all got indicted, arrested,
they're all on trial. Now, I'll give him credit. In
the last few months he picked a police commissioner, very
(09:44):
very wealthy, totally incorruptible, who's cleaned house, gotten rid of
all the corruption. He picked a deputy mayor who was
one of the top top guys of the Giuliani administration.
So right now we're in better shape. He couldn't get
the Democratic nomination. He's running as an independent. Sounds crazy,
but John Lindsay did that for his second term and
it worked. It got him reelected.
Speaker 2 (10:06):
Let's talk Trump for a moment here. Broadness out to
everything on the net national scale. You know, as you
and I are talking, market a kind of a rough
day again today. But the markets go up, they go down,
but there's certainly a bit of unease on the street
about how this is all going to shake out with tariffs.
Where do you think we stand with this? There's the
ninety day pause underway for like EU and basically Allied countries,
(10:29):
you know, non China countries. We've got this ninety day
pause that's in effect. Are you feeling really good about this?
And you know, to anybody who tells you, Oh, Mark,
I'm worried about you know, I'm worried about my investments,
or my retirement or my business. What level of confidence
do you feel like you can calm them or tell
them it's all going to work out.
Speaker 3 (10:47):
Trump knows what he's doing. When I first came.
Speaker 2 (10:49):
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Speaker 1 (11:39):
Oh, I've seen him do this a million times. So
it goes so far out on the limb. You hear
the branch crackings. He doesn't flinch, he doesn't get afraid.
I know it looks bad, it looks chaotic. Just close
your eyes for about two months, three months. Come back
in June July. The stock market will be at fifty thousand.
Everything will be fine. If you got a well run
(11:59):
four ok now four oh one k it's the forty
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it's a really well run four oh one k, it
should be they're buying right now. So you're going to
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only going to help you four oh one K.
Speaker 2 (12:15):
So what do you think when you see Larry Summers,
You know he's saying there's going to be a recession,
and now we're heading into recession.
Speaker 1 (12:23):
Well, I am totally reassured when I saw Paul Krugman
say this is the worst thing ever, because he is
the ultimate reverse barometer I would definitely use him and
all those economist eggheads, I would definitely. If they're against it,
it's got to be good.
Speaker 2 (12:40):
I think certainly with Paul Krugman, he has been. He
has been so consistently wrong and really absurdly wrong on
all matters affecting the economy that you probably could run
a pretty successful reverse Krugman hedge fund. You know, there
is the reverse Kramer fund.
Speaker 3 (12:56):
That's out there.
Speaker 2 (12:57):
So people who don't have a lot of faith in
Jim Kramer they just go against whatever he says.
Speaker 3 (13:02):
I don't know how it's done over the years, but
it is a thing.
Speaker 1 (13:05):
Well in Kramer's defense that the show he does, you
got to pick twenty stocks a day. It's impossible. You'd
be lucky if you could find three great stocks in
six months. Picking twenty a day, you're gonna be wrong
a lot.
Speaker 3 (13:18):
Yeah, there you go. I mean it is, it's entertainment, right.
I don't know. I wouldn't.
Speaker 2 (13:22):
I wouldn't get my stock picks off of a TV
screen in general. But I also am somebody who believes,
you know, look the Buffett approach, you know, slow, slow
and steady wins the race over a long period of
time investing things you understand, invest in businesses that make
sense to you, you know, stay away from the fast,
quick buck artist stuff. I think if you, if you
(13:42):
have the patience and the stomach for it, that's definitely
definitely the way to go. What do you think about
the Democrats going all in on this? Abrego Garcia? Right,
this is the guy who is I don't even know
do we have to say alleged when the courts have
already said he is MS thirteen member. I don't even
know what the legalities of that. Courts have already said this.
So he's the MS thirteen member who's now in the
(14:04):
sea coot prison in Al Salvador. And Democrats there's you know,
all weekend you got senators flying down there. I think
you have more members of Congress. What do you think
they think they can accomplish with this? Why have they
turned this guy into such a symbol.
Speaker 1 (14:18):
Well, Gavin Newsom is right, he said over the weekend
you've all become sheeps. You're talking to the Democrats, you're
just sheep. Whatever Trump does, you give a knee jerk reaction.
He sends you off on some crazy thing, and you
got it all wrong. And then you look ridiculous. They
made a huge tactical error here. They should have admitted
that this guy is a bad guy, that he's a
gang member. They should have admitted that and made the
(14:40):
argument that even if he is a gang member, he's
got to have a hearing. We're just fighting for rights
to have a hearing. That should have been the argument. Instead,
this is crazy. The guy goes down there to show
you the horrible conditions he's in. Meantime, we see him
and he's in the sherat and sitting at the bar
by the pool, and most people are watching this thinking,
(15:02):
that's a nice shirt. Where do you get that shirt?
He looked fine to me. And again, Democrats, I haven't
heard them ever mention the hostages. The guys are hostages.
They're not even looking for them, not even concerned this guy.
They're going crazy trying to get this guy back. Try
that with the hostages.
Speaker 2 (15:20):
Do you think that some of this political miscalculation on
the Democrats side, whether it's about Abrego Garcia or any
number of things, right now, I think they know enough
not to really rally behind this this kid in Texas
who stabbed the other kid. Right you've seen a little
bit of this, but not a lot of New York
Times coverage of this or in favor of his name
(15:40):
is Carmelo Anthony is the alleged murder of his schoolmate
or you know, high school classmate down in Texas. But
there's clearly political miscalculation that's going on on the Democrat side.
Do you think that that is because of the leadership
vacuum or would it be the same even if you
had one who's calling the shots, and two if they're
(16:03):
calling them.
Speaker 3 (16:04):
Why are things so messed up?
Speaker 1 (16:07):
Because the Trump hatred is just totally out of control.
They're absolutely rabid with incredible Trump hatred. They can't even
normally with this Garcia thing. It's stop and say, let
me look over the trials, let me go through the transfer,
let me look at the evidence. They're just so busy
with this Trump hatred or this story, whatever story. They
just go insane with the Trump patrid. They can't even
(16:29):
stop and think rationally about which side they should be on.
They just whatever Trump's doing, They're just the opposite.
Speaker 2 (16:34):
Who do you think is the most powerful Democrat in
the country right now?
Speaker 1 (16:39):
I hate to say it, but there is no leader
so AOC and Bernie are the ones out there making
all the noise. Yeah, everybody's ears so right now they
are JB. Pritzker trying to be that guy, but it
just looks like a bad Ralph Cramdon.
Speaker 2 (16:54):
I mean, yeah, I really think that that that guy.
It's remarkable, given the advantages that he has had in life,
how uncharismatic as a politician he really is. You know,
you would you would think that we pulled together a
little bit more, you know a little more, a little
more Gavin Newsome, a little less Ralph Ralph granded. But
(17:16):
I'm just I'm curious to see how how it plays
out on the Democrats side of things. Is right now,
everything's looking like it's going to continue to just be
the Trump Show, and they're kind of in the cheap seats,
you know, throwing popcorn that nobody ever, no one really
cares about. Real quick, you know, there's been a bunch
of noise about Pete hex At, the Secretary of Defense.
Uh do you do you think you know, I know Pete,
(17:37):
Pete's friend of mine. Do you think there's any there there?
The White House has already come out and said no,
it's trash it's fake news.
Speaker 3 (17:42):
What do you make of it?
Speaker 1 (17:44):
Yeah, it's a total non story. You know, the Democrats
got so upset when they heard the pope died because
they had been planning for this to beat Pete Hexath's signal.
The chat week both took over everything. There's going to
be funeral arranged. With the funeral, they'll never this story
is going to get buried. Underneath all of that, there's
nobody sitting around the kitchen table talking about a signal chat.
(18:04):
It's not an issue for anybody.
Speaker 3 (18:06):
Yeah, I think that's right. Mark.
Speaker 2 (18:08):
People can go listen to your podcast if they go
to seven ten wr dot com best place to get it.
Speaker 1 (18:15):
Or me can just go to the iHeart actually Apple
any place you get podcast.
Speaker 2 (18:19):
Great, wherever you get your podcast. Mark Simone show. Whenever
I want a little bit of a little bit of
a throwback to New York, I listen to Mark's show
in the morning. She does a great job, reminds me
of home, which he still thinks I'm gonna move back
to one day and my mom keeps telling me, he says,
we'll all be back.
Speaker 3 (18:34):
I don't know. It's I do miss I do miss
my NYC.
Speaker 2 (18:36):
Sometimes but listen to mister New York Mark, Simon Mark,
thanks for making the time great to see.
Speaker 1 (18:40):
You, love it, thanks for having me.
Speaker 2 (18:42):
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Speaker 2 (00:20):
All right, everybody, mister New York joins us now Mark
Simone of seven to ten wor the Marx Simone Show
ten a m. Eastern Go check it out the Marximone podcast. Fantastic, Mark,
fascinating to see last week. You get this big story.
You can lay out some of the details for everybody
here in a moment on the Attorney General's New York
(00:40):
Leticia James getting a referral over mortgage fraud and just
crickets chirping all weekend about this from most of the media,
like nobody's supposed to care about this.
Speaker 3 (00:51):
What do you think? Is she in trouble? How big
a deal is this.
Speaker 1 (00:54):
Going to be? Well? I assume the documents are correct
because the guy that did the investigation, he himself had
been in prison for white collar crime. He knew where
to look what to find. It was turned over to
the Feds. They've looked at it. I don't think they
would have made the criminal referral unless they absolutely verified
that these documents are real and if they're real. She
(01:14):
committed mortgage fraud, bank fraud, wire fraud, all sorts of
criminal stuff. And it's not like the Trump charges. You know,
the thing he was charged with, nobody in history had
ever been charged with. But with this stuff, many people
have been convicted of this. It's a common crime and
she's got a huge problem. And it's the hipocracy Democrats
are famous for.
Speaker 2 (01:36):
Yeah, I have to wonder if she is charged, which
it feels like, I don't know how you can. Assuming
the facts are correct. She has to be charged because
what she's done is illegal. Other people go to prison
for this routinely. This is not something that is usually
treated as a minor issue. This is treated as a felony.
(01:56):
And if she is charged, Mark, does she have to
step down as Attorney general? Is there any world in
which she tries to fight through and keep that position?
Speaker 3 (02:05):
What do you think?
Speaker 1 (02:07):
Well, it is New York. I guess you could govern
from a and sell. You know, this Attorney General's office
in New York has some kind of curse on it.
Something like four at the last five Attorney generals ended
up with criminal problems. Elliott Spitzer, Dennis I think his
name was Vaco bribery from I think it was karting companies.
(02:27):
Andrew Cuomo got in trouble. While everybody it's been in
that office ends up with a criminal problem or two,
so there's a curse on the office. Also. I mean
there's a couple of different cases. She's a couple of
different charges. The one in New York City she'll get
one of these crazy New York judges, these Trump paiding judges,
that might help. But the one in Virginia she's got
(02:48):
a real problem with and there's no way out of it.
She declared it her primary residence, which if not true,
as a crime. If it is true, she's committed election
fraud in New York because our law requires her to
live in New York. So I know she's hinted that
the defense will be she didn't do this, or representative
did the whole thing for her. But under the law
(03:11):
you have to when you sign it, there's a box
you got to check that you've read it and everything
in it is one hundred percent true. And if you
want to claim a representative did it, remember Donald Trump
said that, and they said that is not a valid defense.
Speaker 2 (03:23):
Well, you know, also, I like to remind everybody of this, because,
you know, apart from Letitia James and the stuff with
Trump and what she may have done here, you know, allegedly,
I tend to think that some of the mortgage fraud
statutes are particularly harsh, and I think can be overly
(03:44):
harsh based on what the actual crime is. But put
that aside for a moment. She has brought this, or
rather her office has brought this against other people. People
have gone to prison on her watch for this. And
to give a sense as to how merciful or not
she is as a prosecutor when there are politics involved,
didn't she send what was it, Alan Weiselberg to Rikers
(04:05):
Island for what was it? Not reporting like company use
of a car or something? Was it was some pretty
mickey mouse tax stuff? And Trump's one of Trump's accounts
for the Trump Corporation. He went to prison for a while,
didn't he.
Speaker 1 (04:20):
Yeah, he's actually the CFO. It wasn't her. It was
the same thing. It was the awful DA here in
New York, Alvin Bragg.
Speaker 3 (04:27):
It was brag that's right. Yeah.
Speaker 1 (04:29):
Why isn't going to be used in a car and driver?
I guess if you're supposed to put it on your
income tax. The funniest thing in the world is Alvin
Bragg has a car and driver paid for it by
the taxpayers. I guarantee you he didn't put that on
his income tax. Every day he showed up a car
and a driver. To prosecute this guy for using a
car and a driver. Again, the hypiocrasy Democrats are famous for.
Speaker 2 (04:50):
Inflation in this country is not going down fast enough.
When inflation persists, the value of your dollar goes down,
which means the value of your savings account is going down.
Solution is using a portion of your savings in four
to one K and investing in the one commodity that
continues to increase with time, and that's gold. Look at
the price of gold of the last month, it's near
an all time high in value. Gold is a safe
(05:11):
haven for savvy investors and newer investors like me. If
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ninety eight ninety eight ninety eight today. You know you
tend to see where these things are going very well
in your in your hometown of NYC. Do you think this,
(05:54):
James is Is she in for it? Is she in trouble?
Or can you see a way in which she skates
out of this whole thing?
Speaker 1 (06:01):
If the documents are correct, and I assume they are
because the guy that did the research is pretty good,
and again the government wouldn't have brought the charges without
verifying the documents. And if that's the case, it's an
absolute definite conviction. And knowing Donald Trump, he'll pardner just
to be gracious about it, but get that conviction, and
maybe he'll hold off on the pardon, but maybe on
(06:22):
the way out he'll partner.
Speaker 2 (06:23):
He'll keeper from going to prison, but he'll allow Uh yeah,
I mean I could see something like that maybe happening.
Is Andrew Cuomo really going to be the mayor of
New York City? Is that really going to happen? This
guy Cuomo making this comeback, and it's just remarkable that
this is even a conversation, but it looks like a
very real one.
Speaker 1 (06:41):
It's very early in the race. The only reason he's
in the lead he's got the name recognition, and people
I don't think are aware of his track record. He
did like twelve of the stupidest things ever in history
as governor, obviously the nursing Home thing. He's the guy
that pushed and got through the snow Bail no Jail,
single handedly causing the crime wave. He changed our whole
(07:02):
parole board. He put twelve left wing wackos who let
every criminal out. They've already let out forty three cop killers.
He's the same thing as Gavin Newsom. They're both very similar.
They're great salesmen. They'll give you a great press conference,
they look good, they'll give you a great speech. They
know how to campaign. But they're salesmen. They're not executives.
(07:22):
They're not managers. Great salesman. Put them in office, they'll
make all the wrong decisions. Cuomo's the guy that picked
Kathy Hochel for us. He's the guy that closed our
nuclear plant, taking away twenty five percent of our energy.
It's a long, long list of incredibly stupid things he did.
Sending the people the virus into the nursing home got
(07:43):
to be the dumbest thing ever in any elected official
has ever done.
Speaker 2 (07:47):
Is Andrew Cuomo, in your estimation, mark the worst governor
of New York State that you can remember. Like, would
you put him in the worst spot?
Speaker 1 (07:56):
Uh? Yeah, I think so, right.
Speaker 2 (07:58):
I mean, you just made a pretty compelling case. I
would think that he's got to be up there. I
know there's you know, you know attack he was pretty good.
I'll think there There's been some pretty decent New York
governors back in the day.
Speaker 1 (08:08):
Right, he was excellent. We had an economic boom under
protect Yea. Mario Cuomo wasn't the greatest, but he kind
of knew his limitations and stuck to the speeches and
didn't do a lot of crazy things. Cuomo just went
out of his way to do unbelievably stupid things. He's
the guy the congestion pricing through and again, the no
bail note jail single He single handedly caused this crime wave.
Speaker 2 (08:31):
Yeah, Spitzer was a dirt bag, but you know, eating
last he didn't last too long.
Speaker 3 (08:36):
What happens with? What has happened?
Speaker 2 (08:38):
Actually Mayor Eric Adams now that it looks like he's
coming to I know he is running, right, so the
mayor of America's largest city plans to stick around if
he can for another term. They've had the federal criminal
charges dropped against him, which is fascinating that Democrats were
complaining about this, right, it just gives you a sense
where they are. They're like, how dare you take this
(09:00):
like prominent black democrat and not try to put him
in prison for nonsense? But anyway, how would you how
would you assess? I know it's not but why is
it not good? Why did this guy fail so badly
as mayor that his approval rating is down where the
Democrat Party nationally is it's rough.
Speaker 1 (09:20):
Well, even more so, he's just a salesman, he's not
a manager. He's a good talker, he's cute, he's charming,
he's had incredible suits. That's it. You put him in office,
you make all the wrong decisions. The people he picked
originally to run things one by one. They all got indicted, arrested,
they're all on trial. Now, I'll give him credit. In
the last few months he picked a police commissioner, very
(09:44):
very wealthy, totally incorruptible, who's cleaned house, gotten rid of
all the corruption. He picked a deputy mayor who was
one of the top top guys of the Giuliani administration.
So right now we're in better shape. He couldn't get
the Democratic nomination. He's running as an independent. Sounds crazy,
but John Lindsay did that for his second term and
it worked. It got him reelected.
Speaker 2 (10:06):
Let's talk Trump for a moment here. Broadness out to
everything on the net national scale. You know, as you
and I are talking, market a kind of a rough
day again today. But the markets go up, they go down,
but there's certainly a bit of unease on the street
about how this is all going to shake out with tariffs.
Where do you think we stand with this? There's the
ninety day pause underway for like EU and basically Allied countries,
(10:29):
you know, non China countries. We've got this ninety day
pause that's in effect. Are you feeling really good about this?
And you know, to anybody who tells you, Oh, Mark,
I'm worried about you know, I'm worried about my investments,
or my retirement or my business. What level of confidence
do you feel like you can calm them or tell
them it's all going to work out.
Speaker 3 (10:47):
Trump knows what he's doing. When I first came.
Speaker 2 (10:49):
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(11:10):
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(11:34):
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Speaker 1 (11:39):
Oh, I've seen him do this a million times. So
it goes so far out on the limb. You hear
the branch crackings. He doesn't flinch, he doesn't get afraid.
I know it looks bad, it looks chaotic. Just close
your eyes for about two months, three months. Come back
in June July. The stock market will be at fifty thousand.
Everything will be fine. If you got a well run
(11:59):
four ok now four oh one k it's the forty
sixty model. Only forty percent is in stocks, and if
it's a really well run four oh one k, it
should be they're buying right now. So you're going to
end up with all these stocks at a discount. It's
only going to help you four oh one K.
Speaker 2 (12:15):
So what do you think when you see Larry Summers,
You know he's saying there's going to be a recession,
and now we're heading into recession.
Speaker 1 (12:23):
Well, I am totally reassured when I saw Paul Krugman
say this is the worst thing ever, because he is
the ultimate reverse barometer I would definitely use him and
all those economist eggheads, I would definitely. If they're against it,
it's got to be good.
Speaker 2 (12:40):
I think certainly with Paul Krugman, he has been. He
has been so consistently wrong and really absurdly wrong on
all matters affecting the economy that you probably could run
a pretty successful reverse Krugman hedge fund. You know, there
is the reverse Kramer fund.
Speaker 3 (12:56):
That's out there.
Speaker 2 (12:57):
So people who don't have a lot of faith in
Jim Kramer they just go against whatever he says.
Speaker 3 (13:02):
I don't know how it's done over the years, but
it is a thing.
Speaker 1 (13:05):
Well in Kramer's defense that the show he does, you
got to pick twenty stocks a day. It's impossible. You'd
be lucky if you could find three great stocks in
six months. Picking twenty a day, you're gonna be wrong
a lot.
Speaker 3 (13:18):
Yeah, there you go. I mean it is, it's entertainment, right.
I don't know. I wouldn't.
Speaker 2 (13:22):
I wouldn't get my stock picks off of a TV
screen in general. But I also am somebody who believes,
you know, look the Buffett approach, you know, slow, slow
and steady wins the race over a long period of
time investing things you understand, invest in businesses that make
sense to you, you know, stay away from the fast,
quick buck artist stuff. I think if you, if you
(13:42):
have the patience and the stomach for it, that's definitely
definitely the way to go. What do you think about
the Democrats going all in on this? Abrego Garcia? Right,
this is the guy who is I don't even know
do we have to say alleged when the courts have
already said he is MS thirteen member. I don't even
know what the legalities of that. Courts have already said this.
So he's the MS thirteen member who's now in the
(14:04):
sea coot prison in Al Salvador. And Democrats there's you know,
all weekend you got senators flying down there. I think
you have more members of Congress. What do you think
they think they can accomplish with this? Why have they
turned this guy into such a symbol.
Speaker 1 (14:18):
Well, Gavin Newsom is right, he said over the weekend
you've all become sheeps. You're talking to the Democrats, you're
just sheep. Whatever Trump does, you give a knee jerk reaction.
He sends you off on some crazy thing, and you
got it all wrong. And then you look ridiculous. They
made a huge tactical error here. They should have admitted
that this guy is a bad guy, that he's a
gang member. They should have admitted that and made the
(14:40):
argument that even if he is a gang member, he's
got to have a hearing. We're just fighting for rights
to have a hearing. That should have been the argument. Instead,
this is crazy. The guy goes down there to show
you the horrible conditions he's in. Meantime, we see him
and he's in the sherat and sitting at the bar
by the pool, and most people are watching this thinking,
(15:02):
that's a nice shirt. Where do you get that shirt?
He looked fine to me. And again, Democrats, I haven't
heard them ever mention the hostages. The guys are hostages.
They're not even looking for them, not even concerned this guy.
They're going crazy trying to get this guy back. Try
that with the hostages.
Speaker 2 (15:20):
Do you think that some of this political miscalculation on
the Democrats side, whether it's about Abrego Garcia or any
number of things, right now, I think they know enough
not to really rally behind this this kid in Texas
who stabbed the other kid. Right you've seen a little
bit of this, but not a lot of New York
Times coverage of this or in favor of his name
(15:40):
is Carmelo Anthony is the alleged murder of his schoolmate
or you know, high school classmate down in Texas. But
there's clearly political miscalculation that's going on on the Democrat side.
Do you think that that is because of the leadership
vacuum or would it be the same even if you
had one who's calling the shots, and two if they're
(16:03):
calling them.
Speaker 3 (16:04):
Why are things so messed up?
Speaker 1 (16:07):
Because the Trump hatred is just totally out of control.
They're absolutely rabid with incredible Trump hatred. They can't even
normally with this Garcia thing. It's stop and say, let
me look over the trials, let me go through the transfer,
let me look at the evidence. They're just so busy
with this Trump hatred or this story, whatever story. They
just go insane with the Trump patrid. They can't even
(16:29):
stop and think rationally about which side they should be on.
They just whatever Trump's doing, They're just the opposite.
Speaker 2 (16:34):
Who do you think is the most powerful Democrat in
the country right now?
Speaker 1 (16:39):
I hate to say it, but there is no leader
so AOC and Bernie are the ones out there making
all the noise. Yeah, everybody's ears so right now they
are JB. Pritzker trying to be that guy, but it
just looks like a bad Ralph Cramdon.
Speaker 2 (16:54):
I mean, yeah, I really think that that that guy.
It's remarkable, given the advantages that he has had in life,
how uncharismatic as a politician he really is. You know,
you would you would think that we pulled together a
little bit more, you know a little more, a little
more Gavin Newsome, a little less Ralph Ralph granded. But
(17:16):
I'm just I'm curious to see how how it plays
out on the Democrats side of things. Is right now,
everything's looking like it's going to continue to just be
the Trump Show, and they're kind of in the cheap seats,
you know, throwing popcorn that nobody ever, no one really
cares about. Real quick, you know, there's been a bunch
of noise about Pete hex At, the Secretary of Defense.
Uh do you do you think you know, I know Pete,
(17:37):
Pete's friend of mine. Do you think there's any there there?
The White House has already come out and said no,
it's trash it's fake news.
Speaker 3 (17:42):
What do you make of it?
Speaker 1 (17:44):
Yeah, it's a total non story. You know, the Democrats
got so upset when they heard the pope died because
they had been planning for this to beat Pete Hexath's signal.
The chat week both took over everything. There's going to
be funeral arranged. With the funeral, they'll never this story
is going to get buried. Underneath all of that, there's
nobody sitting around the kitchen table talking about a signal chat.
(18:04):
It's not an issue for anybody.
Speaker 3 (18:06):
Yeah, I think that's right. Mark.
Speaker 2 (18:08):
People can go listen to your podcast if they go
to seven ten wr dot com best place to get it.
Speaker 1 (18:15):
Or me can just go to the iHeart actually Apple
any place you get podcast.
Speaker 2 (18:19):
Great, wherever you get your podcast. Mark Simone show. Whenever
I want a little bit of a little bit of
a throwback to New York, I listen to Mark's show
in the morning. She does a great job, reminds me
of home, which he still thinks I'm gonna move back
to one day and my mom keeps telling me, he says,
we'll all be back.
Speaker 3 (18:34):
I don't know. It's I do miss I do miss
my NYC.
Speaker 2 (18:36):
Sometimes but listen to mister New York Mark, Simon Mark,
thanks for making the time great to see.
Speaker 1 (18:40):
You, love it, thanks for having me.
Speaker 2 (18:42):
It's still a tense time for those living in Israel.
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