Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Major win for a slime ball AG? AG isnt qualified to be in office and is there because she is the right gender and race.
In what way do you feel she's not qualified? She had a decent education that included Columbia. She worked for Legal Aid AND the governor's office AND the attorney general's office AND was even assistant A.G. And she's a lifelong New Yorker. So?
Mar-a-Lago worth 18 million? Boy NY'ers are dumb if they believe that.
I thought Trump was a Russian spy? What happened to that? Amazing the amount of people who belive what the corporate press will tell them.
Next you all will be masking up again, and getting boostered...lol
No one ever said Trump was a Russian spy. It's said by many people that he was/is a Russian asset. This was partly due to all his suspicious behavior. And "what happened to that" is that the probe was conducted along very narrow lines, and he was never fully investigated.
No one ever said Trump was a Russian spy. It's said by many people that he was/is a Russian asset. This was partly due to all his suspicious behavior. And "what happened to that" is that the probe was conducted along very narrow lines, and he was never fully investigated.
Trump was investigated too much - in my honest.
Here's the deal on the Russian collusion:
The one who colluded was Hillary Clinton when Viktor Yanukovych was democratically elected by the Ukrainians but later ousted by her State Department because in short, Yanukovych did not want any trouble with Putin and chose to continue to have Ukraine on friendly terms with him. This very much offended the West, and so Hillary's job was to lead the State Department to have coups led by "NGO"s in Ukraine which used both Stephen Banderas Nazi's and others to do the dirty work of ousting Yanykovych, and they were successful.
Since Putin was upset that Clinton meddled with his politics, he used the Wagner Group to meddle with hers. She was supposed to win the election, but along came Trump and he was used unknowingly to beat Clinton. If you don't believe me, go look at the FBI's most wanted, where the former and now deceased head of the Wagner Group - Prigozhin - was wanted for defrauding the United States for that very purpose. The guy literally used dead people's names, stolen identities and other methods to sway the US public and to get votes.
Now I'm not saying Trump is bad or good, (I do not have Trump derangement syndrome, so to me, he's like any other politician). I don't and have never believed that he is a Russian spy. I think that he was just caught at the wrong place at the wrong time. Had it been the stupid DeBlasio or the useless mayor Adams running for President, the Russians would've used them too to beat Hillary for revenge.
Not defending him, but when you apply for the loan you estimate your property. The bank does their own appraisal and comes back what they think the property is worth and lends off that price.
No bank is going to accept what you think the property is worth and lends off that price.
Not defending him, but when you apply for the loan you estimate your property. The bank does their own appraisal and comes back what they think the property is worth and lends off that price.
No bank is going to accept what you think the property is worth and lends off that price.
Another BS lawsuit.
not true . that is not how it works in the real estate developer world and for those with large property holdings
bank appraisals are only done on the one property to be used as collateral for a loan.
The appraisal requirement does not apply to real estate that comprises part of a guarantor’s total net worth, and a guarantor that is a real estate investor/developer has A LOT of property on their balance sheet. loads of properties can denominate their balance sheet .
so appraisals are not done on every single property , but all those properties are used to formulate a net worth valuation for purposes of determining repayment risk .
Bank makes loan against a commercial property that is partly, perhaps majority owned by an entity owned by Trump.
The collateral property is independently appraised.
But bank also wants a repayment guarantee from Trump.
In order to assess the credit worthiness of guarantor Trump , it needs to know his net worth. that is key to why it’s fraud .
Comprising the overwhelming majority of the net worth is full or partial ownership of (I’ll make up a number here …) 75 properties. The bank needs to know the value of each and every one of those properties. How do they do this?
They start by asking the guarantor what he thinks the values are.
Then some do their own analysis.
Most banks don’t do this, and some banks aren’t even capable of it, having insufficient numbers of specialty trained analysts. Those banks are overly reliant on the guarantor’s own representations of value.
Most repayment guarantees have a covenant in them that the guarantor has to always maintain a certain minimum net worth. It is this covenant, more so than in the original analysis, where purposely lying about the value of property can come in “handy” for someone like Trump.”
Last edited by mathjak107; 09-28-2023 at 06:19 AM..
I shouldn't have to be afraid of speaking what I believe to be the truth. I wonder who paid her and how much to come to that conclusion. Don't feel obligated to dismember me, it's just how I feel, and I have the right to feel as I do, as do all people.
Goldman and Wall St nearly crash the economy in 2008 with their crappy MBS's , JP Morgan is fined 75 million in a child trafficking scheme, yet they all continue to do business in NYC.
Yet Trump industries gets the death penalty. Weird isn't it. I wonder what is going on?
Goldman and Wall St nearly crash the economy in 2008 with their crappy MBS's , JP Morgan is fined 75 million in a child trafficking scheme, yet they all continue to do business in NYC.
Yet Trump industries gets the death penalty. Weird isn't it. I wonder what is going on?
the problem with the cdoS and cmos were not that they were fraudulent.
the problem was that due to public demand for higher rates , the same old mortgage bundles were tiered into derivatives and sold in a new way .
so as an example ,group 1 was offered the same old loan bundles of good and bad loans at 5% .
group 2 also got the same bundle , but they were offered 6% but they had to wait until group 1 was paid .
group 3 was offered 7% on the same , but they had to wait until groups one and two were paid .
well when news hit some loans were made without proper documentation, groups 2 and 3 wanted out .
but there were no takers for group one .
and so credit markets froze and money couldn’t be loaned as banks didn’t have it since they couldn’t sell previous loans to make new ones .
we sold two of our manhattan coops in 2008 …when closing time came our buyers were told there was no money available by different banks .
it took 5- 6 months to finally close
at the same time the credit default swap market which is where banks and institutions can hedge bets on loans being repaid , turned in to a giant las vegas casino …
there was more money being bet that certain loans wouldn’t be repaid then the loans themselves .
bear sterns , goldman and lehman were betting for or against the very products they were selling , which is not fraudulent, it is inappropriate
trumps actions were blatant fraud
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
