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.
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.
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.
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?!
"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.
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?
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.
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.
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.
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.
