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No one told Trump to overvalue his properties when seeking loans. That's bank fraud.
The case is based upon Trump's own documents. In other words, he testifies against himself with the documents he himself generated. He cooked his own goose years ago.
There are serious legal consequences for bank fraud.
Do you think banks give loans based upon value without using there own appraiser?
do you think property taxes are based upon what the property owner says the value is?
There can also be a big difference in opinions over the value of property.
I was involved in a lawsuit over the value of vacant land. The other side appriaser said $15 a square ft our appraiser said $47 per square ft. Arbitration arrived at $37. so our appriser was was almost 30% above the arbritated final number. doesn't mean there was fraud. The other side was even farther off. ( not important for this discussion beut they had to pay our legal fees because they we so far off)
The value of the Trump name on properties is a subjective matter and no doubt Trump values it very high.
Do you think banks give loans based upon value without using there own appraiser?
do you think property taxes are based upon what the property owner says the value is?
There can also be a big difference in opinions over the value of property.
I was involved in a lawsuit over the value of vacant land. The other side appriaser said $15 a square ft our appraiser said $47 per square ft. Arbitration arrived at $37. so our appriser was was almost 30% above the arbritated final number. doesn't mean there was fraud. The other side was even farther off. ( not important for this discussion beut they had to pay our legal fees because they we so far off)
The value of the Trump name on properties is a subjective matter and no doubt Trump values it very high.
I cant wait for Trump to butt heads with the IRS in court. He's already tried to settle this case. He knows he will owe a bunch. He's going to have to sell something. They dont play nice when you try and jerk them around. They will have none of his delay tactics.
I cant wait for Trump to butt heads with the IRS in court. He's already tried to settle this case. He knows he will owe a bunch. He's going to have to sell something. They dont play nice when you try and jerk them around. They will have none of his delay tactics.
Cash-poor Trump may have to dump his skyscrapers at 'fire sale' prices if he loses NY fraud lawsuit: biographer
Appearing on MSNBC on Sunday afternoon, Donald Trump biographer and senior executive editor of Bloomberg Opinion, Tim O'Brien, claimed that, should the former president go head-to-head with New York Attorney General Letitia O'Brien and lose the $250 million lawsuit she has filed against him, he will likely have to liquidate his properties --and at fire sale prices.
Speaking with MSNBC host Alex Witt, O'Brien suggested that Trump's worth is wrapped up in his real estate portfolio and he doesn't have access to enough cash to pay penalties and fines if he loses his court battle.
Yes. It amazes me how threatened some people are when they encounter a highly intelligent assertive woman. I don't care if they disagree with her politics. But to denigrate her personally just to make themselves feel better is such a juvenile way of dealing with others.
Originally Posted by Oklazona Bound View Post
If this is true and its a substantial amount of money how come these lenders did not go after Trump for the money? And how was it they were not able to determine the value of the properties they loaned Trump money on?
Quote:
Originally Posted by Manigault
Remember Trump's failed casino? The following is commentary from today:
That news item explains a lot about the situation and the bankers' response. They just don't need the headache involved in suing Trump. Wealthy people get away with a lot.
It is well-known that Trump has a habit of delaying and dragging out litigation. Only government can deal with his stall tactics.
That doesn't explain anything about why they were unable to determine the value of the property. I would have to assume any large loans made based upon value were based upon professional appraisals (independent from Trump's assertions) requested by the bank.
PRobably there we no lawsuits from the banks because there we no damages. Were the loans defaulted upon? (assuming it is correct there were none over this)
Quote:
Wealthy people get away with a lot.
The banks are also wealthy and in the business of making money.
We don't know yet. Tish James made criminal referrals of the Trump family to the DOJ, the IRS, and SDNY, and turned over everything she found in her investigation, which is a lot. What happens next depends on how quickly all of them can go through the million pages or so of evidence and make their decisions.
*Impeachment 1 'Ukraine phone call' -> Result: not guilty
He was impeached but not removed. Impeached politicians do not merit re-election.
Quote:
Originally Posted by exm
*Impeachment 2 'January 6th' -> Result: not guilty
same
Quote:
Originally Posted by exm
*NY State -> Civil lawsuit, no criminal lawsuit after 3 years of investigation
Charges filed after deposition and Trump suit to stop investigation failed.
Quote:
Originally Posted by exm
*Manhattan -> DA dropped the case
Wrong. DA says investigation on-going.
Quote:
Originally Posted by exm
*Georgia -> Pending, not sure what the actual crime is though
Try illegal influence of a state official
Quote:
Originally Posted by exm
*Congress -> Not sure what Congress is investigation besides the bullet below?
Read the link. Charges as to January 6.
Quote:
Originally Posted by exm
*January 6 -> They (Congress) most likely already referred to the DOJ whatever they found, but as far as I know there's absolutely nothing that ties Trump to the rioters that broke into the Capitol. His speech on that day is covered by the first amendment, and also let's not forget that he told his followers to protest 'peacefully'.
Let's wait for the panel's findings, huh?
Quote:
Originally Posted by exm
*Classified Documents -> Obviously this is the one item where the DOJ can make a case if they want to. But it will be interesting if the DOJ will charge Trump with mishandling classified information considering:
- The Hillary Clinton precedence
- Does it makes sense to charge a former POTUS with such a relatively minor charge?
No one is above the law; Hillary never lied to the feds about having docs. Let whataboutism go.
Trump has to answer for what he's done and what he's failed to do. No more and no less.
We don't know yet. Tish James made criminal referrals of the Trump family to the DOJ, the IRS, and SDNY, and turned over everything she found in her investigation, which is a lot. What happens next depends on how quickly all of them can go through the million pages or so of evidence and make their decisions.
Then, after the news cycles, nothing happened. After six years, any sound mind should know better.
Then, after the news cycles, nothing happened. After six years, any sound mind should know better.
Bingo….but they’re so hopeful that a new flavor of the week is going to get him no matter how many times Lucy pulls the football away
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