Explaining Fraud to MAGA

[Nostra]

Dang, you are a special kinda stupid. One minute you're telling us "the lender assesses your collateral", then you tell us the bank will accept your inflated value.

Good catch. OP is a special kind of moron.

 

[Yarddog]

I remember when “conservatives” used to pretend to care about law and order. That was before they decided to prostate themselves to an orange messiah because feelingz.

I keep hearing and reading that Trump’s $450 million fine is bogus because he paid all of his loans back. Let me explain this to you, MAGA, because you’re not all that bright.

When you apply for a loan, the terms of the loan are based on the value the lender assesses on your collateral. If you lie about your collateral, you will pay a lower interest rate on your loan. You monetarily benefit from your lie because you’d otherwise pay a higher interest rate for the loan. It does not matter if you’ve paid back every penny. You have defrauded the bank.

I’ll give you an example. Most of MAGA live in trailer homes (and own brand new trucks). Let’s say you need a loan because your truck is nine months old and is looking a little worn so you decide to detail it. Your trailer home is $20,000 with a $15,000 mortgage. And even though your truck is worth $70,000, you really don’t want to put any more debt on it because, c’mon, get your priorities straight. But you still need $10,000.

So you go to the bank and claim your trailer home isn’t worth $20,000 but instead it’s worth $200,000. You ask for a $10,000 loan from the bank. The bank thinking you have only $15,000 in debt on a $200,000 property happily gives you the $10,000 loan for a low interest rate. However, if the bank knew your property was only worth $20,000 instead of $200,000, you either would have never gotten a loan or the bank would have charged you a much higher interest rate. Because you defrauded the bank, you benefited financially, even if you paid back every penny.

That’s effectively what Trump did. The fine the judge levied on Trump was the estimated value Trump received by committing fraud, plus penalties, plus interest.

If Hillary had done the exact same thing, you’d be baying for blood. But because your Orange Jesus committed fraud, you defend him like your life depends on it.

Now that you've straightened this out for me, I'm going to run out and get a loan on my dump trailer. I'm pretty sure I can convince the Lenders that I like to sleep under the stars at night. It's not like they are going to check up on anything! hell, I even detailed the license plate the other day.

 

[Nostra]

And there is also the fact that claiming “there was no victim” is a non-starter. When you’re pulled over for drunk driving, you may not have wrecked into anyone or anything...but you’re still guilty of drunk driving.

But that driver has met the criteria for that crime. Trump violated no statutes in this case, Simp.

 

[SassyIrishLass]

Now that you've straightened this out for me, I'm going to run out and get a loan on my dump trailer. I'm pretty sure I can convince the Lenders that I like to sleep under the stars at night. It's not like they are going to check up on anything! hell, I even detailed the license plate the other day.

I'm going to start buying old trailers for 2k and get 200k loans on them

 

[Thinker101]

I'm going to start buying old trailers for 2k and get 200k loans on them

Heck, get the 2K trailers and rent them out to illegals. You may even get government funding. Although you may have 12 illegals staying in your 10 ft trailer.

 

[BluesLegend]

When you apply for a loan, the terms of the loan are based on the value the lender assesses on your collateral.

Wrong, wow you stuck your foot in your ignorant mouth right out of the gate. Lenders do not rely on your opinion of value, they make that determination themselves. Hence there was no fraud and no victims and this is a Dem SHAM.

 

[MarathonMike]

Toro was this your great come back appearance?....

Was he gone?

 

[SassyIrishLass]

Heck, get the 2K trailers and rent them out to illegals. You may even get government funding. Although you may have 12 illegals staying in your 10 ft trailer.

No no I want demoquacks to take the illegals in.

House, feed and support them

 

[Nostra]

Another Toro thread fail.

 

[BluesLegend]

What is motivating NY? Did you know ALL the money will be deposited into the NY State Treasury and they will plan how to spend it? It's not going to victims because there are no victims of fraud, NY is just grabbing the money and putting it into their own pockets.

 

[BluesLegend]

Another Toro thread fail.

Bro it's got a shot at the biggest thread FAIL of 2024. Countless business leaders and the lenders in this case all say this is how the real estate market works across the entire country.

 

[fncceo]

And there is also the fact that claiming “there was no victim” is a non-starter. When you’re pulled over for drunk driving, you may not have wrecked into anyone or anything...but you’re still guilty of drunk driving.

The victim a drink driving offense is the statute. A victim isn't required to complete the offense.

A civil matter or a tort MUST have a victim or plaintiff before a case can be brought.

 

[Lastamender]

I remember when “conservatives” used to pretend to care about law and order. That was before they decided to prostate themselves to an orange messiah because feelingz.

I keep hearing and reading that Trump’s $450 million fine is bogus because he paid all of his loans back. Let me explain this to you, MAGA, because you’re not all that bright.

When you apply for a loan, the terms of the loan are based on the value the lender assesses on your collateral. If you lie about your collateral, you will pay a lower interest rate on your loan. You monetarily benefit from your lie because you’d otherwise pay a higher interest rate for the loan. It does not matter if you’ve paid back every penny. You have defrauded the bank.

I’ll give you an example. Most of MAGA live in trailer homes (and own brand new trucks). Let’s say you need a loan because your truck is nine months old and is looking a little worn so you decide to detail it. Your trailer home is $20,000 with a $15,000 mortgage. And even though your truck is worth $70,000, you really don’t want to put any more debt on it because, c’mon, get your priorities straight. But you still need $10,000.

So you go to the bank and claim your trailer home isn’t worth $20,000 but instead it’s worth $200,000. You ask for a $10,000 loan from the bank. The bank thinking you have only $15,000 in debt on a $200,000 property happily gives you the $10,000 loan for a low interest rate. However, if the bank knew your property was only worth $20,000 instead of $200,000, you either would have never gotten a loan or the bank would have charged you a much higher interest rate. Because you defrauded the bank, you benefited financially, even if you paid back every penny.

That’s effectively what Trump did. The fine the judge levied on Trump was the estimated value Trump received by committing fraud, plus penalties, plus interest.

If Hillary had done the exact same thing, you’d be baying for blood. But because your Orange Jesus committed fraud, you defend him like your life depends on it.

No victim no crime. No brain OP. No thread.

 

[MarcATL]

I remember when “conservatives” used to pretend to care about law and order. That was before they decided to prostate themselves to an orange messiah because feelingz.

I keep hearing and reading that Trump’s $450 million fine is bogus because he paid all of his loans back. Let me explain this to you, MAGA, because you’re not all that bright.

When you apply for a loan, the terms of the loan are based on the value the lender assesses on your collateral. If you lie about your collateral, you will pay a lower interest rate on your loan. You monetarily benefit from your lie because you’d otherwise pay a higher interest rate for the loan. It does not matter if you’ve paid back every penny. You have defrauded the bank.

I’ll give you an example. Most of MAGA live in trailer homes (and own brand new trucks). Let’s say you need a loan because your truck is nine months old and is looking a little worn so you decide to detail it. Your trailer home is $20,000 with a $15,000 mortgage. And even though your truck is worth $70,000, you really don’t want to put any more debt on it because, c’mon, get your priorities straight. But you still need $10,000.

So you go to the bank and claim your trailer home isn’t worth $20,000 but instead it’s worth $200,000. You ask for a $10,000 loan from the bank. The bank thinking you have only $15,000 in debt on a $200,000 property happily gives you the $10,000 loan for a low interest rate. However, if the bank knew your property was only worth $20,000 instead of $200,000, you either would have never gotten a loan or the bank would have charged you a much higher interest rate. Because you defrauded the bank, you benefited financially, even if you paid back every penny.

That’s effectively what Trump did. The fine the judge levied on Trump was the estimated value Trump received by committing fraud, plus penalties, plus interest.

If Hillary had done the exact same thing, you’d be baying for blood. But because your Orange Jesus committed fraud, you defend him like your life depends on it.

Deplorables, the lot of them.

 

[Thinker101]

No no I want demoquacks to take the illegals in.

House, feed and support them

That would be nice, but you know we'll all be paying for them.

 

[Thinker101]

Deplorables, the lot of them.

Yep, it's terrible, deplorables have some common sense. Unlike you idiots.

 

[candycorn]

The victim a drink driving offense is the statute. A victim isn't required to complete the offense.

A civil matter or a tort MUST have a victim or plaintiff before a case can be brought.

So you're confirming that having a "victim" isn't necessary for there to be a crime. Thanks.

PS: did you ever arrest anyone for all of the voter fraud they supposedly committed?

 

[Lastamender]

So you're confirming that having a "victim" isn't necessary for there to be a crime. Thanks.

PS: did you ever arrest anyone for all of the voter fraud they supposedly committed?

You expect them to arrest themselves?

 

[Dagosa]

I remember when “conservatives” used to pretend to care about law and order. That was before they decided to prostate themselves to an orange messiah because feelingz.

I keep hearing and reading that Trump’s $450 million fine is bogus because he paid all of his loans back. Let me explain this to you, MAGA, because you’re not all that bright.

When you apply for a loan, the terms of the loan are based on the value the lender assesses on your collateral. If you lie about your collateral, you will pay a lower interest rate on your loan. You monetarily benefit from your lie because you’d otherwise pay a higher interest rate for the loan. It does not matter if you’ve paid back every penny. You have defrauded the bank.

I’ll give you an example. Most of MAGA live in trailer homes (and own brand new trucks). Let’s say you need a loan because your truck is nine months old and is looking a little worn so you decide to detail it. Your trailer home is $20,000 with a $15,000 mortgage. And even though your truck is worth $70,000, you really don’t want to put any more debt on it because, c’mon, get your priorities straight. But you still need $10,000.

So you go to the bank and claim your trailer home isn’t worth $20,000 but instead it’s worth $200,000. You ask for a $10,000 loan from the bank. The bank thinking you have only $15,000 in debt on a $200,000 property happily gives you the $10,000 loan for a low interest rate. However, if the bank knew your property was only worth $20,000 instead of $200,000, you either would have never gotten a loan or the bank would have charged you a much higher interest rate. Because you defrauded the bank, you benefited financially, even if you paid back every penny.

That’s effectively what Trump did. The fine the judge levied on Trump was the estimated value Trump received by committing fraud, plus penalties, plus interest.

If Hillary had done the exact same thing, you’d be baying for blood. But because your Orange Jesus committed fraud, you defend him like your life depends on it.

Just one thing…I never remember conservatives not being frauds.,

 

[Lastamender]

Just one thing…I never remember conservatives not being frauds.,

That might be because more people have forgot more than you will ever know.