Few acts would be more reckless than New York seizing Trump office assets. Aside from the political and legal issues such an act could precipitate immense impacts on the New York and other banks. In terms of competence, experience and integrity in operating commercial office projects Trump is probably a 95, the brokerage industry 75 and NY politicians a strong 5.

Today the nation's banks and other financial institutions have an immense exposure to commercial real estate loans, especially large urban office loans where vacancies are increasing and rents decreasing. The loss in value is acknowledged to present a significant threat to financial institutions including banks.

Seizure of Trump's buildings would be likely to have a catastrophic impact on values and therefore the loans held by financial institutions.

The material adverse impact on the value of Trump buildings were NY to take control would have immediate impacts on the building's lenders but also a much larger ripple effect on other buildings as the decreased value of the Trump properties would be reflected in the appraisals on other properties , affecting the loans on those properties.

The decreased value of assets would impact bank's capital structures and likely lead to a downgrading of their credit and restrictions on their lending. It could easily precipitate problems across the major banks.

It may be that the NY politicians and their Congressional representatives, most of whom could not run a lemonade stand, would precipitate a major financial crisis. For many of them the thought of any major crisis is a moment of joy as the see opportunity in crises and more power for the left. As one Democratic leader suggested, "never let a crisis go to waste"

​