FBI opens investigation into Letitia James

[Edgetho]

No, they thought he was mostly telling the truth, but not completely. In your own quote, his assets were considered "broadly accurate", and they were.

Is "Broadly Accurate" more gooder than just plain, old-fashioned, everyday Accurate?

I should the scale would go something like --

1) Somewhat Accurate

2) Accurate

3) Broadly Accurate

4) Fantasmaglorical Accurate

 

[Godboy]

Ha! No. The assets were not “broadly accurate”. The trial proved that. The value of the assets was inflated substantially based on making false assumptions and ignoring inconvenient facts.

That’s fraud.

If you tell a lender you make a million dollars a year and only make 500k, you’re not broadly accurate. You’re committing fraud.

No, the only thing you can say he inflated was his home size.

The bank did a commercial appraisal on all his other properties. They do one for every loan. These appraisals require nothing from the owner. In fact, commercial appraisers avoid the owner like the plague. They dont want to be grilled by an owner trying to strongarm them into agreeing to his values. I know this because i used to be a commercial realestate appraiser. We NEVER saw the owner because, we were careful not to be discovered as we take pictures of the property. It doesnt matter what the owner thinks, we have our appraisal and thats all that counts. Our attitude is basically.. "fuck the owner, we know better than him".

The banks knew EXACTLY what his values were, and no bank EVER just takes some dudes word for his property values. Thats absurd. Banks ALWAYS do their own internal appraisal on every single loan of significance, no exceptions ever.

 

[toobfreak]

Is "Broadly Accurate" more gooder than just plain, old-fashioned, everyday Accurate?
I should the scale would go something like --
1) Somewhat Accurate
2) Accurate
3) Broadly Accurate
4) Fantasmaglorical Accurate

Offhand, I would say your scale is somewhat broadly accurate.

 

[Godboy]

No, you can say a lot about the other properties and the lies. It’s listed in the decision.

Yeah, going to need something from you to back this up because this would be news to me.

Banks ALWAYS do an internal appraisal on EVERY loan that uses commercial and residential properties as collateral. 20 years ago it was $500 a pop for a home appraisal, and $3,000 a pop for a commercial appraisal. Virtually every job a commercial appraiser gets is from a bank. When i was an appraiser, I personally never got one that wasnt from a bank.

 

[Marener]

Banks ALWAYS do an internal appraisal on EVERY loan that uses commercial and residential properties as collateral. 20 years ago it was $500 a pop for a home appraisal, and $3,000 a pop for a commercial appraisal. Virtually every job a commercial appraiser gets is from a bank. When i was an appraiser, I personally never got one that wasnt from a bank.

See, you’re exposing your ignorance here.

The properties Trump lied about weren’t being used as collateral.

It was part of a covenant agreement necessary to get the loan.

You haven’t shown anything demonstrating these appraisal.

 

[Godboy]

The properties Trump lied about weren’t being used as collateral.

It was part of a covenant agreement necessary to get the loan.

Say what now? They werent using his properties as collateral? Then why did they care about his properties at all? Why would they even be mentioned if not to be used as collateral? What did they use as collateral, a pinky swear? You are out of your depth and floundering.

 

[Edgetho]

Banks ALWAYS do an internal appraisal on EVERY loan that uses commercial and residential properties as collateral. 20 years ago it was $500 a pop for a home appraisal, and $3,000 a pop for a commercial appraisal. Virtually every job a commercial appraiser gets is from a bank. When i was an appraiser, I personally never got one that wasnt from a bank.

I know right?

I want to borrow $20 Million on my house so all I gotta do is tell the Bank that's what it's worth, right? I mean, Banks are so DUM they don't ever check to see if my house is really worth $25 Million ( I don't want to pay the PMI) so they'll prolly give me the money and if they have a problem with it they can find me at "Screw You, I'm on a Polynesian Island Being fanned by 10 nekkid beauties".

Send the bill Postage Due

It's like dims are passing counterfeit currency but they aren't trying to pass counterfeit $20 Bills, they're trying to pass countereit $30 bills.

They're like the little kid that tells a bald-faced lie then cries and stomps his feet when he gets called on it.

The intellectual level in here has gone down by 80% in the last few years. But the presence of dims tends to do that. Just one can walk into a room and the average IQ will drop by 10 points. And that's if there are 10 people in the room.

They're like the guy that shows up to a gathering uninvited and tries to be the life of the party by drawing attention to his Codpiece. Then gets drunk and starts hitting on everybody's OL, telling them he's so smart and has a Ferarri outside if they want to go for a ride.

 

[Marener]

Say what now? They werent using his properties as collateral? Then why did they care about his properties at all? Why would they even be mentioned if not to be used as collateral? What did they use as collateral, a pinky swear? You are out of your depth and floundering.

Dude, you don't actually know very much about this case.

There were several loans in question, but the major one used the Doral golf club as collateral. But you know what? Selling a golf course is really fucking annoying and the bank really didn't want to have to do it, because it adds a lot more uncertainty to the transaction.

So they needed a personal guarantee from someone with a strong financial position.

For reference, this is from the testimony from the Deutsche Bank loan officer on page 9 of the decision that I linked to you already.

So enter the Statement of Financial Condition. This was a 100% necessary document from Trump that was used to demonstrate his "strong financial position".

The statement of financial condition listed Trump's assets, and was used to prove that he was meeting the terms of the loan, for example proving he had a total net worth of $2.5 billion.

By inflating the values of his properties, Trump was inflating his total net worth and lying to the banks about his worthiness as a debtor.

It's pretty fucking hilarious that you act all high and mighty but prove you know fuck all about this case.

 

[Godboy]

Dude, you don't actually know very much about this case.

There were several loans in question, but the major one used the Doral golf club as collateral. But you know what? Selling a golf course is really fucking annoying and the bank really didn't want to have to do it, because it adds a lot more uncertainty to the transaction.

So they needed a personal guarantee from someone with a strong financial position.

For reference, this is from the testimony from the Deutsche Bank loan officer on page 9 of the decision that I linked to you already.

So enter the Statement of Financial Condition. This was a 100% necessary document from Trump that was used to demonstrate his "strong financial position".

The statement of financial condition listed Trump's assets, and was used to prove that he was meeting the terms of the loan, for example proving he had a total net worth of $2.5 billion.

By inflating the values of his properties, Trump was inflating his total net worth and lying to the banks about his worthiness as a debtor.

It's pretty fucking hilarious that you act all high and mighty but prove you know fuck all about this case.

The banks did appraisals on all of his assets. There was no mystery as to what his properties were worth. No matter how much you fillabuster, that fact will never change.

Banks dont give loans just because someone gives them their word that they will pay them back. That would be fucking retarded.

 

[Marener]

The banks did appraisals on all of his assets

Still waiting on that proof.

 

[Godboy]

Still waiting on that proof.

You could have just done a Google search, if youre unwilling to listen to someone who actually did it as a job.

Google AI

Yes, in most cases, banks require a property appraisal when it's used as collateral for a loan. This is because the appraisal helps determine the property's value, which is crucial for the lender to assess the risk associated with the loan. The appraisal ensures the lender isn't loaning more than the property is worth, protecting their investment.

Here's why appraisals are generally required:

• Risk Assessment:
  Banks use the appraisal to understand the potential value of the property if the borrower defaults on the loan.

 

[DonGlock26]

It mattered to Trump. He’s the one persecuting James.

The mother of all projection.

 

[Marener]

You could have just done a Google search, if youre unwilling to listen to someone who actually did it as a job.

Yeah, going to need a link that shows Deutsche Bank appraised all of Trump’s properties that were on the SFC.

 

[Godboy]

Yeah, going to need a link that shows Deutsche Bank appraised all of Trump’s properties that were on the SFC.

Trump got 2 billion from that bank. Youre fuckin idiot if you think they skipped their appraisal process on THOSE gigantic loans.

 

[Godboy]

You think something like that would have been discussed at the trial, which you claim to have watched.

Did they say that under oath?

Don’t make assumptions, tell me what was said at the trial.

Did they say under oath that Trump signed the loan agreement? No, they didnt, but only a dumbfuck would think he didnt sign it. They dont give that kind of testimony when the answer is obvious.

Unless you have proof that the banks didnt do appraisals, youve lost this debate.

 

[Marener]

Did they say under oath that Trump signed the loan agreement? No, they didnt, but only a dumbfuck would think he didnt sign it. They dont give that kind of testimony when the answer is obvious.

Unless you have proof that the banks didnt do appraisals, youve lost this debate.

Why do I need to disprove your claim?

Because you can’t prove it and are just making assumptions?

 

[Godboy]

Why do I need to disprove your claim?

Because you can’t prove it and are just making assumptions?

Because youre claiming that the banks didnt do appraisals, which is absurd. That isnt how large loans are handled. That simply NEVER happens, so you need to prove that an impossibility like that actually happened, otherwise you lose this debate.

The banks said his values were "broadly accurate". How in the holy fuck could they come to that conclusion WITHOUT doing appraisals?

 

[Marener]

Because youre claiming that the banks didnt do appraisals, which is absurd. That isnt how large loans are handled. That simply NEVER happens, so you need to prove that an impossibility like that actually happened, otherwise you lose this debate.

The banks said his values were "broadly accurate". How in the holy fuck could they come to that conclusion WITHOUT doing appraisals?

You’re claiming the banks did appraisals and none of it was brought up at trial.

Which is WAY more absurd.

“I assumed that the representations of the assets and liabilities were broadly accurate,” Haigh said of Trump’s financial statements.

Banker says Trump’s financial statements were key to loan approvals, but there were ‘sanity checks’

A judge last month ruled Trump and his company committed years of fraud by exaggerating the value of Trump’s assets and net worth.

www.fox8live.com

Key word. ASSUMED.

 

[Wild Bill Kelsoe]

Due process means right to appeal.

She has every right to appeal a conviction.

 

[Wild Bill Kelsoe]

So the bank didn’t complain. So there’s no victim. Just like with Trump.

You’re doing to prosecute something that happened 42 years ago?

I think the statute of limitations might be a problem for you.

Tish committed wire fraud. That's a Federal felony.