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Smokin' OP , sure you think banks are stupid. You posted the broken down trailer and didn't think a bank official wouldn't investigate what money is going out for. It's called collateral; dummass, dummass, dummass.so you think banks are stupid!!! look at you!!! what a dummass.
Banks did the same with Trump.............DUMBASS.so you think banks are stupid!!! look at you!!! what a dummass.
But....the most obvious, largest crook of all continues to run his grift operation out of the White House
The writer of the piece in the OP is one of the most aggressive flame-throwers on the Right.Among the 'Basic Law' stuff America is seeing vis-a-vis Don Trump is:
Smokin' OP , sure you think banks are stupid. You posted the broken down trailer and didn't think a bank official wouldn't investigate what money is going out for. It's called collateral; dummass, dummass, dummass.
Those poor bankers, totally unable to do a property assessment of their own, using assessors THEY pick. Oh, if only there was a way for them to do that, and not have to completely rely on the applicant's handpicked assessors. Oh, if only, but sadly, they cannot. They must accept at face value the applicant's valuation, the poor dears.Business people don't tell the bank what they think their property is worth. Business people come to the bank with Financial Statements, and balance sheets, all prepared and certified by accountants as to their accuracy and veracity, and those balance sheets are SUPPOSED to accurately reflect the company' books and records.
There is nothing casual, or "what he thinks" about these things at all. It's all based on FACTS and figures, and if it's not, it's FRAUD.
Can you counter what it says or are you just dismissing it unread because you're sure it will be inconvenient for you?The writer of the piece in the OP is one of the most aggressive flame-throwers on the Right.
So we can rest assured that the piece is entirely one-sided and has value only to the alternate universe.
So what you are saying is that you are legally right but the top financial lawyers in NEW York are wrong. Got it....For those of you who don’t live in the legal world every day like I do, being a simple Los Angeles trial lawyer, a lot of the legal stuff you see going on surrounding Trump and Trump-affiliated people might seem like chaos. Well, it is chaos. It’s complete chaos. There is almost no resemblance between what is happening with Trump and the law as normally practiced among normal people in normal times. Remember, there’s a Trump Exception to all the rules and all the norms that rejects any kind of precedent and procedure, as well as simple fairness, in its pursuit of the Bad Orange Man and his allies. When you understand that, you will understand why I shake my head when people ask me my legal opinion about what’s going on. My legal opinion about what’s going on is it has nothing to do with the law at all.
Understand that what we’re seeing now are attempts to frame Donald Trump and people affiliated with him to abuse and misuse the legal system to gain a political advantage. This is nothing new. It is something scumbags have been doing for thousands of years. Remember, Caesar crossed the Rubicon with his legion because if he had left his troops behind, they were going to prosecute him into oblivion. Lawfare is nothing new – its modern practitioners just better hope they don’t end up provoking warfare, too.
BJ- Good read from Kurt Schlichter.
Cultists of course will not get it.
Hmm, are you chastising the wrong person? I hate the grifter Obriben.ignorant Blackbacked OX, Trump had $10B before even thinking of trying to help save the country. Obiden has never had any real job you disgusting Marxist fool.
I'm dismissing it because one-sided, hyperpartisan rhetoric from either end of the political spectrum is counterproductive and bores me.Can you counter what it says or are you just dismissing it unread because you're sure it will be inconvenient for you?
WTF Q-NUT.falsifying what? Statements are statements.
IOW, he did what every loan applicant does, and the banks were expected to do what every lending institution does, which is to get an independent estimate of the collateral's value.Banker: Trump obtained loans using statements since ...
View attachment 933931
AP News
https://apnews.com › article
Oct 11, 2023 — Donald Trump obtained millions in loans using financial statements that a court has since deemed fraudulent, a retired bank official ...
A judge last month ruled that the former president and his company, the Trump Organization, committed years of fraud by exaggerating the value of Trump’s assets and net worth on the financial statements he gave to banks, insurers and others to make deals and secure loans.
Trump’s longtime finance chief, Allen Weisselberg, acknowledged in testimony Tuesday that information in the financial statements wasn’t always accurate.
Trump denies any wrongdoing, emphasizing disclaimers on the documents that he says alerted lenders to do their own homework. The disclaimers say, among other things, that the financial statements aren’t audited and that others “might reach different conclusions” about Trump’s financial position if they had more information.
Keep doubling down on a looser...Those poor bankers, totally unable to do a property assessment of their own, using assessors THEY pick. Oh, if only there was a way for them to do that, and not have to completely rely on the applicant's handpicked assessors. Oh, if only, but sadly, they cannot. They must accept at face value the applicant's valuation, the poor dears.
And yes, I am mocking you in this case because the lender and the applicant made a deal and signed a contract that was satisfied completely and on time. A true victimless crime. And also, the law should be rewritten to reflect the reality of how things are done. The bank should bear responsibility if they do not do an independent assessment of their own or come back with a fraudulently low valuation.
I find trashing an article because of its source to be counter-productive because that leads only to an echo chamber where all the sources I consume agree with each other. That's basically the liberal fever swamp and may be acceptable to someone like you, but not me. It's quite easy to eliminate the inflammatory rhetoric and discern between opinion and fact if you bother to do so.I'm dismissing it because one-sided, hyperpartisan rhetoric from either end of the political spectrum is counterproductive and bores me.
I can't help but wonder what I'm not being told. I know that thought doesn't cross the mind of someone like you.
If you don't like that, tough shit.
I couldn't tell you why the banks did what they did.IOW, he did what every loan applicant does, and the banks were expected to do what every lending institution does, which is to get an independent estimate of the collateral's value.
Did the banks do their homework before lending him money? If not, why not? It would seem to be the height of financial malpractice for a loan officer to simply accept a loan applicant's estimate on the value of their collateral. "I want to borrow $500, and I'll give you this Rolex for collateral that's worth $5,000.". "Okay, do you want that in hundreds or twenties?".
Why should we expect loan officers lending millions to do less due diligence than a pawn shop clerk lending hundreds?
You say this because YOU don't know anything about the law.From a Trial Lawyer.?????? I have yet to see ANYONE who knows anything about the law, who says that Trump's arrests and charges are anything but valid and long overdue.
For those of you who don’t live in the legal world every day like I do, being a simple Los Angeles trial lawyer, a lot of the legal stuff you see going on surrounding Trump and Trump-affiliated people might seem like chaos. Well, it is chaos. It’s complete chaos. There is almost no resemblance between what is happening with Trump and the law as normally practiced among normal people in normal times. Remember, there’s a Trump Exception to all the rules and all the norms that rejects any kind of precedent and procedure, as well as simple fairness, in its pursuit of the Bad Orange Man and his allies. When you understand that, you will understand why I shake my head when people ask me my legal opinion about what’s going on. My legal opinion about what’s going on is it has nothing to do with the law at all.
Understand that what we’re seeing now are attempts to frame Donald Trump and people affiliated with him to abuse and misuse the legal system to gain a political advantage. This is nothing new. It is something scumbags have been doing for thousands of years. Remember, Caesar crossed the Rubicon with his legion because if he had left his troops behind, they were going to prosecute him into oblivion. Lawfare is nothing new – its modern practitioners just better hope they don’t end up provoking warfare, too.
BJ- Good read from Kurt Schlichter.
Cultists of course will not get it.
You and the Dersh are NOT “every learned attorney in the country”Literally every learned attorney in the country without a vested interest in the case(s) think that they are junk.
They don't appear to believe he did anything wrong. Even close. He says so, so that's it.If you're in the legal profession, you need to be disbarred.
Trump is being tried on real crimes he committed, and is being afforded legal conveniences that "normal" people would not get.
In fact it can be stated that some of the judges, and the legal system itself is complicit in his crimes.
Anybody else would be sitting in jail right now for the crimes he has committed, and would be held without bond until trial.
You're right about one thing. There is a double standard. One for Trump, and one for all of the rest of us.
Trump has committed no crimes skrewey.If you're in the legal profession, you need to be disbarred.
Trump is being tried on real crimes he committed, and is being afforded legal conveniences that "normal" people would not get.
In fact it can be stated that some of the judges, and the legal system itself is complicit in his crimes.
Anybody else would be sitting in jail right now for the crimes he has committed, and would be held without bond until trial.
You're right about one thing. There is a double standard. One for Trump, and one for all of the rest of us.
