Leo123
Diamond Member
- Aug 26, 2017
- 29,981
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Trump didn't lie about anything, he gave them his estimate of value and told them to get an independent valuation. His LTV was probably such that they waived the appraisal anyway. Banks have their own way of determining valuation too. The loans were all paid back as well. This is another fucking witch hunt from a biased bitch that ran on 'getting Trump.'Trump obtained 2.2B dollars in loans from a German Banking Group..Deutsch Bank, to be specific. They took his word as to the valuations..no assessor needed or wanted. The bank was happy to make the loan and they made money.
The thing is, Trump lied to get that money, which gave him an unfair advantage over his competitors. Further, since the money was a 'loan' it was not taxed.
2.2b untaxed dollars for Trump to beat his competition over the head with.
It was unfair..and fraudulent.
You can, and will, whine like a colicky baby..but the court has spoken..and Trumps chance of winning an appeal are slim, at best.
As we speak, they are breaking up his NY business empire.