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Old 03-19-2019, 09:58 AM
 
10,547 posts, read 2,692,185 times
Reputation: 7155

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Quote:
Originally Posted by hooligan View Post
So fraud is "pretty tame" to you?


People go to prison for that, you know. And by "people" I mean some of the folks that worked on the Trump campaign, for example.
Please indicate who is being taken advantage of in that situation or who is loosing anything?


If John Smith exaggerates his income in order to secure loans, and he makes the payments on the loan, how is that fraud? Even if he doesnt make the payments and the loan goes into default, the bank can always garnish wages, seize property, etc.
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Old 03-19-2019, 10:01 AM
 
10,930 posts, read 5,035,806 times
Reputation: 4890
It's funny how jaded we are.

Any other President and this would be an enormous story.

Just another day for the worst President in American history.

How far we have fallen...
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Old 03-19-2019, 10:05 AM
 
Location: East Lansing, MI
8,779 posts, read 7,960,459 times
Reputation: 3757
Quote:
Originally Posted by rstevens62 View Post
Please indicate who is being taken advantage of in that situation or who is loosing anything?


If John Smith exaggerates his income in order to secure loans, and he makes the payments on the loan, how is that fraud? Even if he doesnt make the payments and the loan goes into default, the bank can always garnish wages, seize property, etc.


Uh, the bank is being taken advantage of in that situation. It's illegal, whether you make your payments or not.


Google it, man. This is all pretty simple to comprehend.
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Old 03-19-2019, 10:07 AM
 
7,192 posts, read 1,606,248 times
Reputation: 3869
Quote:
Originally Posted by HockeyMac18 View Post
It's funny how jaded we are.

Any other President and this would be an enormous story.

Just another day for the worst President in American history.

How far we have fallen...
This cannot be emphasized enough. Day after day, week after week, crazy stories about Trump just keep coming to light. We are so used to them that we've become desensitized.

Can you imagine if this exact same story in the OP had come out 5 years ago while Obama was president?! Can you imagine the response from Tucker, Hannity, Pirro, O'Reilly?!


Also, this is funny:


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Old 03-19-2019, 10:10 AM
 
7,192 posts, read 1,606,248 times
Reputation: 3869
Quote:
Originally Posted by ditchoc View Post
TDS is imaginary.

Trump being a fraud is not.
It's all they've got left.

Trump supporters can't debate with facts, because the facts aren't on their side. So they stoop to insults and "but Hillary/Obama."

God bless 'em.
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Old 03-19-2019, 10:13 AM
 
Location: Wisconsin
20,357 posts, read 13,874,052 times
Reputation: 5233
Quote:
Originally Posted by subaru5555 View Post
"Deutsche Bank reportedly loaned more than $2 billion to President Trump over multiple decades while he was a real estate developer.

The New York Times reported Monday, based on interviews with more than 20 bank officials, that the bank repeatedly loaned money to Trump despite multiple business-related "red flags."

In attempting to secure loans from the bank, Trump often exaggerated his wealth, according to the Times.

When Trump was trying to get a loan from the bank to build a skyscraper in Chicago, he reportedly said his net worth was $3 billion. The bank, however, reportedly concluded that he was worth about $788 million.


https://thehill.com/homenews/adminis...o-trump-report


Couple Takeaways:

A. Trump Repeatedly Lied to the Banks
B. Trump is at least One Billion in Debt

A lot of wealthy people have mortgages on their multi-million dollar homes, and they don't have dozens and dozens of hotels and businesses operating all over the world.


This is all so much silliness. Don't you people ever get tired of always looking to be petty and ignorant?
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Old 03-19-2019, 10:19 AM
 
10,547 posts, read 2,692,185 times
Reputation: 7155
Quote:
Originally Posted by hooligan View Post
Uh, the bank is being taken advantage of in that situation. It's illegal, whether you make your payments or not.


Google it, man. This is all pretty simple to comprehend.
Nope, the bank still comes out ahead at the end of the day.


Ive actually read something not long ago that suggested banks and loan places prefer people to default on loans, as they can really rack up alot of fees and charges in the process of legally collecting.
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Old 03-19-2019, 10:22 AM
 
Location: Wisconsin
20,357 posts, read 13,874,052 times
Reputation: 5233
Quote:
Originally Posted by ditchoc View Post
TDS is imaginary.

Trump being a fraud is not.
Oh yeah buddy, you finally got him now, this is the one thing to bring him down.


Don't forget, Trump colluded with Putin to steal the 2016 election, he told Cohen to lie to congress, he paid Russian hookers to urinate on a hotel bed, oh, and there is a elevator video showing Donald hit Melania in the face too.
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Old 03-19-2019, 10:37 AM
 
Location: East Lansing, MI
8,779 posts, read 7,960,459 times
Reputation: 3757
Quote:
Originally Posted by rstevens62 View Post
Nope, the bank still comes out ahead at the end of the day.


Ive actually read something not long ago that suggested banks and loan places prefer people to default on loans, as they can really rack up alot of fees and charges in the process of legally collecting.


No, the bank might still come out ahead at the end of the day. The point being that the fraudulent information you provided prevents the bank from accurately determining your creditworthiness.


If you get a better interest rate because you lied about your level of qualification, you're essentially stealing from the bank. That assumes that you don't actually default on the loan, which is entirely possible given that you felt the need to lie about your qualifications.


Again, this is all elementary logic and I'm done playing teacher for you.
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Old 03-19-2019, 10:42 AM
 
7,192 posts, read 1,606,248 times
Reputation: 3869
This could end up being the biggest immediate threat to President Donald Trump.....


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