Even judge engoron admits the trump loans were paid back IN FULL AND ON TIME!

Nomad said:
Banks are privately owned corporations, the private ownership being comprised of stockholders.

The banks and their stockholders who Trump defrauded out of untold millions of dollars in potential interest income on the loans he secured at lower interest rates based on his intentional fraud, are the victims of that fraud.

We all know how inconvenient and painful it is for Trumpsuckers to admit that their shitbag hero is a criminal who has no morality whatsoever, but that doesn't change or alter the truth.

It is what it is.

Trump is what he is.

A giant piece of shit.
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So they loan money and never do any due diligence to verify the values? They just pass out cash willy nilly? My front door is smarter than you.
 
Text Drivers are Killers said:
Judge admits there was no victim but penalizes trump $354 million!!!
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Is that like Trump tried to murder someone but he lived so he should be found guilty. Plus I bet this is 100% bullshit. Not that it matter. If it is illegal what the piece of shit did then there is consequences. Plus I'm enjoying this beyond belief , I'm hoping for total monetary destruction and 700 years in jail for the piece of shits felony charges.
f
 
Yakuda said:
So they loan money and never do any due diligence to verify the values? They just pass out cash willy nilly? My front door is smarter than you.
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They DO NOT do forensic audits where they gather their own material outside what is readily available already in public.

So if Trump, as he did, pays Cushman Wakefield to do a valuation and they say 7 Springs is worth ~$30MM and Trump bury that valuation and instead submits to the bank it is worth ~$300MM and Trump lies stating that is because it has 7 Mansions already fully built and paid for on the property WHEN IT DOES NOT, and has not even got a permit to build yet, a bank is very unlikely to find that fraud. They generally trust no one is so blatantly lying and committing fraud as they know it is a crime and most people avoid that.

Instead what the bank does is 'assume they have over valued the property' and they shave 10-25% (?) off of the value presented to give the bank enough cushion value, even with the over estimation.

You can see how with Trump and the magnitude of the frauds (inflating $30MM to over $300MM and lying about development that may not even get permitted ever) that the usual way banks protect themselves, does not work.

Because unlike most people who are too afraid to commit that type of fraud, Trump embraces it.
 
QP! said:
They DO NOT do forensic audits where they gather their own material outside what is readily available already in public.

So if Trump, as he did, pays Cushman Wakefield to do a valuation and they say 7 Springs is worth ~$30MM and Trump bury that valuation and instead submits to the bank it is worth ~$300MM and Trump lies stating that is because it has 7 Mansions already fully built and paid for on the property WHEN IT DOES NOT, and has not even got a permit to build yet, a bank is very unlikely to find that fraud. They generally trust no one is so blatantly lying and committing fraud as they know it is a crime and most people avoid that.

Instead what the bank does is 'assume they have over valued the property' and they shave 10-25% (?) off of the value presented to give the bank enough cushion value, even with the over estimation.

You can see how with Trump and the magnitude of the frauds (inflating $30MM to over $300MM and lying about development that may not even get permitted ever) that the usual way banks protect themselves, does not work.

Because unlike most people who are too afraid to commit that type of fraud, Trump embraces it.
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The judge under valued the properties to "get trump". You know it. I know it and every decent American knows it. You people raped the system because you hate trump. Just admit it. Just admit youd kill your grandmother if you thought you could pin it on trump and put him in jail for the rest of his life.
 
Meaningless. Trump received more favorable interest rates on his loans, and that happened at the expense of the the citizens of the State of New York. Should I be able to lie about my financial situation to get better terms? Of course not. That's called fraud. Whether I pay the loan back is completely a moot point.
 
Text Drivers are Killers said:
HAHAHA. That's not evidence you moron. "I say he raped me and that proves it and i want $20 million."

BTW - carroll was caught lying about the dress she wore on the day of the alleged assault. The dress didn't exist at the time!!!
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You do not believe testimony is evidence? Uncontroverted Evidence?
 
Text Drivers are Killers said:
Answer the question. If trump cheated the banks, why didn't they sue him??
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I answered your retarded, half-witted question satisfactorily and thoroughly.

If you're too fucking thickheaded and stupid to comprehend, that's not my problem.

Yakuda said:
Don't hold your breath
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See above response ^^.

Apply it to yourself as well.

Yakuda said:
There are no guarantees they'd win because he didn't fucking cheat them you dimwitted piece of tree bark.
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Golly gee whiz, who should I believe.... a judge who sits on the NY Supreme Court and who has heard, seen and closely examined Trump's financial statements and documents, or some lying, low-life, rwnj Trump dick sucker on the internet who'd happily excuse Trump if he murdered someone?

Hmmmmmm...... :thinking:

Yakuda said:
So they loan money and never do any due diligence to verify the values? They just pass out cash willy nilly? My front door is smarter than you.
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They had signed documentation that was sworn to be accurate by Trump and his accountants. That is normally good enough. If they did their own thorough investigation of every document submitted in support of every loan application that came through their offices, they'd have to hire a ton more investigators to handle the massive additional workload which would in turn, cost them a fortune and delay the processing of every application they received which would delay the processing to the point that nothing would ever get done.

Plus, he's Donald Trump. One of the most famous businessmen in the world. Guys like him get a little bit of preferential treatment and are assumed to be above board and legitimate.

Of course, we are now seeing that Trump was just the opposite. A liar and an underhanded dirt bag.

Stop being an idiot.

Tall order for you, I know, but reach down, dig deep and give it your best shot.
 
Yakuda said:
The judge under valued the properties to "get trump". You know it. I know it and every decent American knows it. You people raped the system because you hate trump. Just admit it. Just admit youd kill your grandmother if you thought you could pin it on trump and put him in jail for the rest of his life.
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FALSE.
LIE.

You keep repeating this false lie as you cannot accept what Trump and know it was wrong and bad and illegal so you just keep lying about it.

The Judge DID NOT do any valuation work on the properties, like a tax assessor might. The ONLY thing the Judge did was look at HOW TRUMP valued the properties in various filings.

So when it came to Mar A Lago Trump went to court to fight the ASSESSED $18-27MM as TOO HIGH, arguing that it should be lower because he had FOREVER contracted away any residential development rights, which is what makes the property MORE VALUABLE.

Then Trump went across the road to the bank and claimed in a filing it was worth ~$500mm and it was based on residential development.

THAT IS THE FRAUD YOU CONTINUE TO LIE ABOUT, Yakuda.

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Concart said:
The poor sucker paying the $50 bucks from a white trash toothless old lady.
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Anyone getting a blowjob in an alley from an old Republican woman probably doesn't care what she looks like and is paying extra because she is toothless. :thup:
 
The banks are not the victims of Trump's fraud, because they ended up, in a large sense, being complicit in that fraud. If banks forecast or project that they will receive x million dollars in interest for their loan portfolio. If Trump, based on the value of his collateral, pays Y dollars in interest, but SHOULD have paid Y times three in interest but doesn't have to because of his fraudulent claims, then every other person who has gotten a loan from that bank will have to make up the difference. So the 'victim' is the people of New York. Had the banks done more due diligence, they may have passed on Trumps loan, or they may have charged him more interest.

This explanation, of course, requires a level of intelligence far exceeding that of Yakuda, or volsrock, or frankly any member of the cult. But that's how this works.
 
Concart said:
The banks are not the victims of Trump's fraud, because they ended up, in a large sense, being complicit in that fraud. If banks forecast or project that they will receive x million dollars in interest for their loan portfolio. If Trump, based on the value of his collateral, pays Y dollars in interest, but SHOULD have paid Y times three in interest but doesn't have to because of his fraudulent claims, then every other person who has gotten a loan from that bank will have to make up the difference. So the 'victim' is the people of New York. Had the banks done more due diligence, they may have passed on Trumps loan, or they may have charged him more interest.
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HAHAHAAHA. You can't prove any of that actually happened.

Trump used the loans to build properties that brought money into the state. Thats possible too.
 
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