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'Shark Tank' star Kevin O'Leary touts red state's 'incredible' banking situation thriving over Dem-led areas
26th March 2023
Kevin O’Leary touts North Dakota as ‘go-to’ state for banking: ‘Incredible situation’
‘Shark Tank’ star Kevin O’Leary explains the success behind North Dakota’s public banks and the impact of the SVB collapse on regional banks.
"Shark Tank" investor Kevin O'Leary says there's an "incredible situation" unfolding in North Dakota, particularly in the banking world.
After railing against Democrat-run states whose policies hinder business, the O'Leary Ventures chairman – often referred to as "Mr. Wonderful" – has his eyes set on the red state instead, touting its "remarkable economy" on "Fox & Friends Weekend."
"There are states that are go-to states and no-go states," he told co-host Will Cain during his appearance Sunday.
'SHARK TANK' STAR KEVIN O'LEARY DESTROYS ‘REALLY BAD POLICY’ IN DEMOCRAT-RUN STATES
Bad policies, notably high taxes and unstable regulatory environments, in Democrat-run states like California, Massachusetts, New York and others, signal the need to turn elsewhere for opportunities, he suggested.
"That's when I stumbled into North Dakota – very pro-business, a remarkable economy, fastest-growing GDP per capita, third-largest oil and energy producer in America, and a state with its own sovereign bank set up in 1919. Who knew? An incredible situation there."