‘Mr. Wonderful’ slams Trump ruling: ‘You might as well find guilty every real estate developer on Earth’

[JoeB131]

Hoping some shit falls off?? Biden lied about not knowing any of his sons business, when he had actually met his business parteners as well as sharing AirForce 2 with Hunter on his business trips.. JOE Bidens name came up because of the emails in the laptop , which is real. The multiple shell companies shell companies are real... ALL of which needs looking into further.
No one is saying guilty before proven innocent... it just needs a day in court because a compromised president is serious.... as opposed to some civil issue with Lenders.

Except- he meets a lot of people, that doesn't mean he knows his son's business.
The laptop is still pretty questionable.
We now know the chief witness against Biden is a Russian Plant.
There are no shell entities, every one of these companies had a valid function.
You've had 5 years to try to prove something wrong. You've come up with a fake laptop and a Russian Plant witness.

You dont seem to see the seriousness of the precidence set, if the Government is allowed to persecute private citizens, by looking for crimes before there is a complaint. They can simply say, someone has a dodgy reputation and then investigate to find a crime. This kind of thing is done in Russia quite often to political opponents of the regeime.

Um, actually, it's something that is done here. Ever hear of Al Capone? Couldn't get him on bootlegging, prostitution or murder, but man, the guy didn't pay his taxes.

 

[DBA]

Would you have listed that piece of land on a loan application as worth $1.2 million?

If I had, the bank would have either questioned me about it or not cared depending on how much the loan was for. That's how it works.

 

[JoeB131]

If I had, the bank would have either questioned me about it or not cared depending on how much the loan was for. That's how it works.

But it still would be fraud.

 

[DBA]

Except the banks did care, that's why he made fraudulent claims about the values of his properties

This implies that the banks didn't do any due diligence. That is utterly ridiculous, particularly for super jumbo loans.

 

[DBA]

But it still would be fraud.

How is that? I sold the property for that much so it was clearly worth that much despite the appraisal. How would that be fraud?

 

[JoeB131]

This implies that the banks didn't do any due diligence. That is utterly ridiculous, particularly for super jumbo loans.

We had a whole banking crisis and economic collapse because the banks didn't do due diligence on a nation-wide scale.

How is that? I sold the property for that much so it was clearly worth that much despite the appraisal. How would that be fraud?

Except you didn't sell it for 1 million, you sold it for $300,000.

If you claimed it being worth that much when you applied for a loan, and you knew it wasn't, that was fraud.

 

[Nostra]

Except- he meets a lot of people, that doesn't mean he knows his son's business.
The laptop is still pretty questionable.
We now know the chief witness against Biden is a Russian Plant.
There are no shell entities, every one of these companies had a valid function.
You've had 5 years to try to prove something wrong. You've come up with a fake laptop and a Russian Plant witness.



Um, actually, it's something that is done here. Ever hear of Al Capone? Couldn't get him on bootlegging, prostitution or murder, but man, the guy didn't pay his taxes.

List the valid function of each Biden shell LLC, with links.

 

[DBA]

Except you didn't sell it for 1 million, you sold it for $300,000.

If you claimed it being worth that much when you applied for a loan, and you knew it wasn't, that was fraud.

What if I hadn't sold it at all and said it was worth 300k, despite the much lower appraisal? Would that have made it fraudulent?

 

[WEATHER53]

Stunning how banks that are not upset and did not initiative any action somehow got an unsought “ally” to create and carry a torch for them that they themselves had no interest in
Virtue peddling hidden under the true desire to hamstring Trump and thwart the voting public.

 

[hadit]

It was an example stupid.

Did you miss the “at say…”

Was it 1/2 point lower? 3 points?

It doesn’t matter. If he got a loan at a lesser rate the bank lost money

By not doing due diligence in appraising the property. IOW, the officers committed malpractice and should be fired. Were they?

 

[Marener]

If I had, the bank would have either questioned me about it or not cared depending on how much the loan was for. That's how it works.

I notice you didn’t answer the question. Can you do so?

 

[JoeB131]

What if I hadn't sold it at all and said it was worth 300k, despite the much lower appraisal? Would that have made it fraudulent?

Depends if you knew it wasn't worth 300K.

Trump knew that his properties weren't worth what he was claiming.

And frankly with six bankruptcies in the past, there should have been greater care to get it right, not less.

 

[WEATHER53]

Depends if you knew it wasn't worth 300K.

Trump knew that his properties weren't worth what he was claiming.

And frankly with six bankruptcies in the past, there should have been greater care to get it right, not less.

Banks had no problems
Emotional theorists out to hamper Trump invented the problem the banks didn’t have

 

[Flopper]

This ruling WILL GUT THE NYC REAL ESTATE MARKET. They have no idea how bad it is going to get. As one guy stated, “it’s like being convicted of murder and no one is dead”

'Mr. Wonderful' slams Trump ruling: 'You might as well find guilty every real estate developer on Earth' · American Wire News

Kevin O'Leary aka Mr. Wonderful of 'Shark Tank' blasted Judge Arthur Engoron's financial ruling against Trump as unjust and un-American.

americanwirenews.com

So the law should be repeal?

 

[Yarddog]

But it still would be fraud.

The appraisal value of some property is very much subjective though for example a commercial building might have a base value of 1.2 million, however the true value of a commercial property is the tennant. If you have that same property with a CVS under lease, the value of the property can be 5 times as much.

If it has another tennant wo is more of a risk of folding up and going out of business, that value on the market will be much less.

 

[JoeB131]

Also, when you attach the name Trump to a property, it can be resonable to think you can inflate the value based on celebrity.

Actually, having Trump's name attached to it should make it more questionable, given his string of failures and bankruptcies.

 

[Yarddog]

Actually, having Trump's name attached to it should make it more questionable, given his string of failures and bankruptcies.

Well, not so sure about that. Some people love Trump, same hate him, so there is always someone who sees more value that the face value. Thats why its subjective.

 

[JoeB131]

Well, not so sure about that. Some people love Trump, same hate him, so there is always someone who sees more value that the face value. Thats why its subjective.

No, it's why you need a standard, and dare I say it, conservative criteria with full disclosure of information, which Trump didn't do.

 

[Flopper]

Yes. The business real estate market in NYC just had its throat cut.

I keep reading this claim that the New York real estate market will be destroyed by this ruling but see no justification for this claim.

In simple terms the law that Trump broke repeatedly from 2011 to 2021 forbid knowingly exaggerating the value of assets used as collateral for bank loans. All states including New York have criminal and civil laws against lying on bank loan applications. The DA chose to charge Trump will violations of civil statutes rather than criminal statues, probably because the bar for establishing criminal intent is much higher with criminal statues.

When the well-connected and powerful break the law to get more money and lower rates than they are entitled to, it reduces resources available to those who follow the law as most businesses do. Thus, the claim, that no one is damaged by these activities is completely false.

Enforcing the law actually benefits most businesses because most businesses attempt to operate in a lawful manner.

 

[Flopper]

The appraisal value of some property is very much subjective though for example a commercial building might have a base value of 1.2 million, however the true value of a commercial property is the tennant. If you have that same property with a CVS under lease, the value of the property can be 5 times as much.

If it has another tennant wo is more of a risk of folding up and going out of business, that value on the market will be much less.

That is true but that is not what happened. Trump's claim that his penthouse was 30,000 sq. ft when was actually was 11,000. He claimed that the value of his clubhouse was 2300% higher than the property tax valuation and on some loan applications, he valued his residence at 1.5 billion which would be 400% higher than the most expensive residence in the country. Florida relators consider his valuation of Mar A Logo absurd. In the trial, his accountant testified that he valued all of his properties well over market value on loan applications.