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re: Someone explain the Trump fraud case to me?
Posted on 9/28/23 at 5:40 am to ChineseBandit58
Posted on 9/28/23 at 5:40 am to ChineseBandit58
quote:
Did they get their part of the contract fulfilled??
quote:
Did the renovation get accomplished on time? and within budget?
sounds like all parties of the contracts were happy with their results to me
only people pissed off are the idiots who want something for nothing
If you insist on throwing strawmen arguments then don't bother to respond.
The crux of the fraud is the rate provided was contingent on the safety. It required 2.5 billion in assets and 50m in liquidity amongst other requirements.
When people invest money they choose varying levels of risk. By lying about his assets he knowingly increased the risk to those investors without an increase in their compensation for that risk.
That is what is fraudulent. That it all worked out and Trump managed not to declare bankruptcy for the umpteenth time was just a lucky happenstance.
This post was edited on 9/28/23 at 5:44 am
1
Posted on 9/28/23 at 6:10 am to tango029
quote:
just a lucky happenstance.
Same with Ford and Wright bros and Rockefellers and - - - - - -
lucky happenstances.
mixed with genuine financial talent and organizational rigor and intellectual acuity.
but way unlike the Biden/Obama/Clinton rise to billionaire status - base on all their 'strength'
luck happenstance => bless your heart
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