Posted on 10/12/2023 1:31:03 PM PDT by thegagline
100%
So first, who's fault is that and second, I guess nobody knows what the real value was so how can they now say he overvalued properties?
“A rational and honest judge would have dismissed the charges against Trump and referred Letitia James to the bar for suspension/disbarment.”
And then summoned the large men in white coats to lock her up in a rubber room!
+1
5.56mm
IF HE PAID BACK EVERY SINGLE LOAN——
WHY DOES IT MATTER ???
Exactly. Nobody harmed and the banker's profited.
I don’t Think I know anyone in real estate that did not over inflate the value of a property on transaction’s and under value property for tax payments unless it was in their best interest to do so.
So the douche bank failed its fiduciary Duty and did not do appraisals?
Is this the same judge who said Mar-a-Lago’s market value to be about $18 million?
Trump was denied a jury trial. A partisan hack "judge" "deemed" the statements to be fraudulent. A judge has no business "deeming" anything.
“.. difference of opinion over how to account for golf membership”
This is not fraud. Case closed!
I’m still trying to understand why a private deal between two willing parties, who both agreed on the amount and terms and signed an agreement to such, where all loans were re-paid in full, and no suits nor a dispute of any kind arose between them - is subject to NY Courts at all
There are no jury trials for cases in equity in NY. That is the law. Trump’s lawyers rightfully didn’t challenge this.
Apparently in New York law, it matters not that no one claimed to be damaged by Trump’s business dealings or that all the loans were repaid. It all hinges on ORANGE MAN BAD!!
That’s really a hideous banking practice. Banks need to protect their shareholders by doing full appraisals on all loans. They have a fiduciary responsibility to do so. So who has actually committed fraud in this case? I sense that with a little investigation you would find that Deutsche Bank has been repeatedly lying and cutting corners that had a negative impact of it shareholders. Contrast to the Trump Organization actually repaying their loans and benefiting many in the process.
Deutsche Bank has failed its Federal Reserve stress test and is on the verge of bankruptcy. Perhaps the cause is Deutsche Bank‘s business practices or lack there of.
So there was no fraud.
“It’s not lying. It’s commercial real estate.”
The value of real estate isn’t fixed even the point of sale because its value is dependent on what the next fool is willing to pay for it. It’s a guessing game every time because nobody has perfect knowledge.
“...it sometimes gave sizable “haircuts” to the values he’d placed on such holdings as Trump Tower and his golf courses, Haigh said.”
If Trump put his property in the best possible light, and that is fraud, then EVERY company who puts out a commercial on TV has committed fraud.
Plus every woman who wears make-up for a date. The list is endless.
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