Mara Lago to be liquidated?

[QP!]

 

[Matt Dillon]

It has already gone to trial. That is somewhere.

The accusations against Biden are going nowhere. Even the alt right's own witnesses admit there is no evidence.



A trial would generally be considered due process.

The law they're relying on is being entirely misused with this thing. There's no victim in this farce of a proceedings except Trump.

Oh, and justice.

 

[Walt]

The law they're relying on is being entirely misused with this thing. There's no victim in this farce of a proceedings except Trump.

trump's bankruptcies cost many people money, so there are victims.

 

[QP!]

The law they're relying on is being entirely misused with this thing. There's no victim in this farce of a proceedings except Trump.

Oh, and justice.

Any time you submit lies to a Bank or Insurance company to get loans or a policy, you have victimized the system.

If you claim you have no criminal record, make an income you do not have, and have assets you do not have, and get a mortgage or loan or Insurance policy you otherwise would not have, and it is found out your entire application was a fraud. after the fact, and you get arrested IT IS NOT A DEFENSE TO SAY, 'I HAVE NEVER MISSED A PAYMENT YET... THUS NO VICTIM AND THUS NO FRAUD. YOU CANNOT CHARGE ME UNLESS I DEFAULT'.

Why Magat derps are not intelligent enough to understand that, just goes to the core of being a Magat derp. You have to be stupid.

 

[Jarod]

The law they're relying on is being entirely misused with this thing. There's no victim in this farce of a proceedings except Trump.

Oh, and justice.

1) The law does not require a victim. Just like simple DUI does not require a victim.

2) How is the law being misused?

 

[Jarod]

The victims are the potential people who were honest and got denied loans because the bank chose to lend to Trump instead.

 

[Matt Dillon]

Any time you submit lies to a Bank or Insurance company to get loans or a policy, you have victimized the system.

If you claim you have no criminal record, make an income you do not have, and have assets you do not have, and get a mortgage or loan or Insurance policy you otherwise would not have, and it is found out your entire application was a fraud. after the fact, and you get arrested IT IS NOT A DEFENSE TO SAY, 'I HAVE NEVER MISSED A PAYMENT YET... THUS NO VICTIM AND THUS NO FRAUD. YOU CANNOT CHARGE ME UNLESS I DEFAULT'.

Why Magat derps are not intelligent enough to understand that, just goes to the core of being a Magat derp. You have to be stupid.

Letitia James failed to disclose an outstanding $770K loan on a mortgage application.

Is that legal? That's not what they're saying Trump did. They're claiming he overvalued his property, but banks do independent assesments anyway.

James did what you're talking about.

Now call me MAGAt some more, FAGAt! I like that shit!

 

[QP!]

The victims are the potential people who were honest and got denied loans because the bank chose to lend to Trump instead.

And the victim is the Banking and Insurance systems.

Pre 2008 there was no real wide scale sub prime default failures, because property values were always going up and people were able to refinance to cover the fraud.

But we know there was widescale fraud being written.

These Magat Derps are arguing that even if you know all these fraudulent loans are being written and getting in to the system you have to WAIT until they fail before you can charge anyone with fraud. That as long as they are being paid, then there are no victims.

Thus they are arguing that the 2008 crash must happen FIRST, before any fraud charges can be leveled and the Fraud can be stopped.

That is NOT how the system works. The system of banking and insurance IS VICTIMIZED by fraudulent data entering the system and NOT JUST when a default happens. When loans and Insurance is written based on a fraud, the system then is victimized, as the integrity of the system, the profits (or loss) in the system, are all compromised.

 

[QP!]

The issue is we are trying to have rational discussions with stupid people (Marjorie Greene, Boebert level) who read what i wrote above and CANNOT comprehend it.

They will continue to argue, every loan and Insurance policy can be based on absolutely fraudulent material submitted and as long as payments are being made there is no chargeable fraud.

You cannot help stupid.

 

[Dutch Uncle]

I just saw that Mar-a-Lago is owned by one of the New York Corporations ordered to be liquidated.

If things Stand as they currently Old Trumpy could be homeless

Not a lawyer, but some states have laws about forcing people out of their homes.

That said, I can see where the rest of Mar-a-Lago would be sold while allowing Trump to keep the residence.

 

[Lionfish]

The issue is we are trying to have rational discussions with stupid people (Marjorie Greene, Boebert level) who read what i wrote above and CANNOT comprehend it.

They will continue to argue, every loan and Insurance policy can be based on absolutely fraudulent material submitted and as long as payments are being made there is no chargeable fraud.

You cannot help stupid.

QPeeeee you should be smart enough to understand that it is the responsibility of the insurer and/or lender to use due diligence before any loan approval. I guess you are correct, you cannot help stupid.

DERP, DERP, DERP!

 

[QP!]

Not a lawyer, but some states have laws about forcing people out of their homes.

That said, I can see where the rest of Mar-a-Lago would be sold while allowing Trump to keep the residence.

While what you say is true in many States with regards to ones Private Residence, there is no legal protections for Mar a logo under those types of laws.

Trump converted Mar a lago grounds from a residence to a 'resort' and contractually signed away any future right to make it a residence and despite him over staying there, that does not change the legal status of Mar a logo and thus any 'residential' protection from seizure and liquidation will not apply

Trump Is Trying to Wriggle Out of Past Deals That Prohibit Him From Residing at Mar-a-Lago

President Donald Trump’s life’s work consists of signing lucrative deals and then wriggling out of them when the details no longer suit his immediate self-interest. It’s an ethical Ponzi scheme that Trump has managed to pull off for 74 years now,...

The terms of the agreement allowed Trump to develop the historical estate with significant limitations on how the property could be used....

The current residency controversy tracks back to a deal Trump cut in 1993 when his finances were foundering, and the cost of maintaining Mar-a-Lago was soaring into the multimillions each year. Under the agreement, club members are banned from spending more than 21 days a year in the club’s guest suites and cannot stay there for any longer than seven consecutive days. Before the arrangement was sealed, an attorney for Trump assured the town council in a public meeting that he would not live at Mar-a-Lago.

At the time, the town’s leaders were wary of Trump because he had sued them after they blocked his attempt to subdivide the historic Mar-a-Lago property into multiple housing lots. Placing the limitations on lengths of stays assured that Trump’s property would remain a private club, as he had promised, rather than a residential hotel.

In short, Trump agreed to a slew of development concessions in order to try to boost Mar-a-Lago’s bottom line. In the years since, Trump’s angered local residents with his willingness to skirt even the most basic principles of the agreement. ... In addition to the 1993 agreement with Palm Beach, Trump “also signed a document deeding development rights for Mar-a-Lago to the National Trust for Historic Preservation, a Washington-based, privately funded nonprofit organization that works to save historic sites around the country,” according to the Post. “As part of the National Trust deal, Trump agreed to ‘forever’ relinquish his rights to develop Mar-a-Lago or to use it for ‘any purpose other than club use.’ ...”

cite

 

[Dutch Uncle]

While what you say is true in many States with regards to ones Private Residence, there is no legal protections for Mar a logo under those types of laws.

Trump converted Mar a lago grounds from a residence to a 'resort' and contractually signed away any future right to make it a residence and despite him over staying there, that does not change the legal status of Mar a logo and thus any 'residential' protection from seizure and liquidation will not apply

Good catch. That could force him out.

 

[ThatOwlWoman]

I just saw that Mar-a-Lago is owned by one of the New York Corporations ordered to be liquidated.

If things Stand as they currently Old Trumpy could be homeless

Oh darn. Now he's *really* going to want to ooze back into our White House.

I hope as he searches for a new place to fling catsup at the walls in, he hears repeatedly "Sorry, nothing available. We don't rent to orange criminals." Karma!

 

[Jarod]

Oh darn. Now he's *really* going to want to ooze back into our White House.

I hope as he searches for a new place to fling catsup at the walls in, he hears repeatedly "Sorry, nothing available. We don't rent to orange criminals." Karma!

when landlords ask his criminal record, he is f'ed.

 

[ThatOwlWoman]

when landlords ask his criminal record, he is f'ed.

If he skips out on paying his attorneys' fees, how likely is it that he'll pay your rent each month?

Catsup stains are hard to get off the carpet and walls. Better require a huge damage deposit too.

 

[QP!]

QPeeeee you should be smart enough to understand that it is the responsibility of the insurer and/or lender to use due diligence before any loan approval. I guess you are correct, you cannot help stupid.

DERP, DERP, DERP!

While that is true that banks and Insurers do have responsibility in that area...


... what that does NOT CHANGE is that you, as the applicant cannot legally submit all fraudulent information and claim it is not against the law because the Bank and Insurer need to do their own diligence.

Smart people know BOTH those things can be true.


That is why you are aware of point 1 but are arguing submitting fraudulent info is fine and legal to do.

That is because you are amongst the most stupid on this forum.

herp derp.

 

[QP!]

Good catch. That could force him out.

I see no way around it.

The betting odds say that the State of NY, based on the Lettisha suit will be awarded in excess of $500MM dollars. The $250MM she stipulated in the lawsuit was a minimum number subject to upward adjustment.

Trump has not just admitted but bragged in the past about how heavily leveraged his empire was. That he maximizes leverage and debt as his business strategy, which is fine to do, but makes the empire a house of cards if hit with any large material changes.

Trump having all his NYS assets seized and liquidated by the State until the penalty money is gained, will almost certainly require them to grab and sell any out of State assets owned by the Trump NY corp holding companies. it seems all his resorts and golf courses are owned in those NY Corps and he is certain to be out of covenant in all of them.

I think Trump only avoids complete liquidation if he can find a angel cosigner willing to guarantee those other properties to the banks. If only Trump knew some Russians or Saudi's who might gamble and cover him in return for some favours if he again becomes POTUS???

 

[Dutch Uncle]

I see no way around it.

The betting odds say that the State of NY, based on the Lettisha suit will be awarded in excess of $500MM dollars. The $250MM she stipulated in the lawsuit was a minimum number subject to upward adjustment.

Trump has not just admitted but bragged in the past about how heavily leveraged his empire was. That he maximizes leverage and debt as his business strategy, which is fine to do, but makes the empire a house of cards if hit with any large material changes.

Trump having all his NYS assets seized and liquidated by the State until the penalty money is gained, will almost certainly require them to grab and sell any out of State assets owned by the Trump NY corp holding companies. it seems all his resorts and golf courses are owned in those NY Corps and he is certain to be out of covenant in all of them.

I think Trump only avoids complete liquidation if he can find a angel cosigner willing to guarantee those other properties to the banks. If only Trump knew some Russians or Saudi's who might gamble and cover him in return for some favours if he again becomes POTUS???

While I strongly doubt Trump will ever go to prison, I definitely agree TrumpCo will be collapsed economically.

That said, there's a good chance Trump will face house arrest.

 

[Lionfish]

While that is true that banks and Insurers do have responsibility in that area...


... what that does NOT CHANGE is that you, as the applicant cannot legally submit all fraudulent information and claim it is not against the law because the Bank and Insurer need to do their own diligence.

Smart people know BOTH those things can be true.


That is why you are aware of point 1 but are arguing submitting fraudulent info is fine and legal to do.

That is because you are amongst the most stupid on this forum.

herp derp.

QPeeeee,
If you weren't so dumb, arrogant, and filled with TDS, you would have stopped at the end of your first sentence. DERP, DERP, DERP!