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Why didn't the banks sue Trump if he defrauded them through loans?
Posted on 9/27/23 at 11:48 am
Posted on 9/27/23 at 11:48 am
FYI banks don't care what you put on your application. They will do their own due diligence especially when dealing with millions and billions like they were with Trump.
If he was able to defraud them for all of these years then why have none of them sued him or turned him over for fraud?
If he was able to defraud them for all of these years then why have none of them sued him or turned him over for fraud?
11
Posted on 9/27/23 at 11:52 am to stout
Trump was such a standup guy before he ran for president.
I can’t believe the 180 he’s done.
I can’t believe the 180 he’s done.
Posted on 9/27/23 at 11:53 am to ConcreteThreshold
quote:
Trump was such a standup guy before he ran for president.
I can’t believe the 180 he’s done.
Can't answer the question I see.
Posted on 9/27/23 at 11:55 am to stout
If the banks got their money, they don’t care.
The government is pissed because they don’t like him and are having Beria look for a crime to punish him.
The government is pissed because they don’t like him and are having Beria look for a crime to punish him.
Posted on 9/27/23 at 11:57 am to teke184
quote:
The government is pissed because they don’t like him and are having Beria look for a crime to punish him.
The other question I have is how is it Trump's fault the assessor valued his property lower than market value.
Also, assessment values are never an accurate representation of market value.
Posted on 9/27/23 at 11:58 am to stout
Poor poor banks were bullied by Trump. Who will ever protect them???
Posted on 9/27/23 at 11:59 am to stout
quote:
Also, assessment values are never an accurate representation of market value.
This.
Ask people in Orleans Parish what the assessor thinks their property is worth vs what comps are on that same property.
Posted on 9/27/23 at 12:00 pm to stout
quote:
Can't answer the question I see.
I don't know anything on the other poster's history, but I think he was sarcasticly saying that Trump was left along until he became a Republican.
This post was edited on 9/29/23 at 12:58 pm
Posted on 9/27/23 at 12:00 pm to stout
quote:
The other question I have is how is it Trump's fault the assessor valued his property lower than market value.
Also, assessment values are never an accurate representation of market value.
I also heard Trump traded in his Lambo and want more money than the dealership offered. Charges coming in 3, 2, 1....
Posted on 9/27/23 at 12:01 pm to stout
This story is for low information retards that watch bsnbc, xinn, and the view.
Posted on 9/27/23 at 12:02 pm to AUauditor
quote:
I don't know anything on the other poster's history, but I think he was sarcasticly saying that Trump we left along until he became a Republican.
I may have misunderstood his point. My bad if so.
Posted on 9/27/23 at 12:07 pm to ConcreteThreshold
quote:
Trump was such a standup guy before he ran for president.
I can’t believe the 180 he’s done.
Exactly!
Public enemy #1 was living in our midst and in plain sight for over 40 years and it wasn't until he ran for president he was exposed.
Posted on 9/27/23 at 12:09 pm to stout
quote:
Why didn't the banks sue Trump if he defrauded them through loans?
…because he paid those loans. There was no injury.
Posted on 9/27/23 at 12:13 pm to stout
Banks are required by law to have a third party value real estate as part of any loan.
What an owner claims is value, has nothing to do with loan value. So banks will have to sue to the Commercial Real Estate appraisers… if anyone.
What an owner claims is value, has nothing to do with loan value. So banks will have to sue to the Commercial Real Estate appraisers… if anyone.
Posted on 9/27/23 at 12:25 pm to stout
They might if he's convicted of this.
I would think winning a civil suit after he's been criminally convicted of the same charge would be a cakewalk.
I expect sharks waiting for the blood in the water. Probably some of them will go ahead and file lawsuits before the trial is even over if it looks like he might lose.
Now, none of that means he's guilty, of course. And to your point, if he was guilty it does make sense that at least one of them would have said something before now.
But that doesn't mean they won't do it going forward.
I would think winning a civil suit after he's been criminally convicted of the same charge would be a cakewalk.
I expect sharks waiting for the blood in the water. Probably some of them will go ahead and file lawsuits before the trial is even over if it looks like he might lose.
Now, none of that means he's guilty, of course. And to your point, if he was guilty it does make sense that at least one of them would have said something before now.
But that doesn't mean they won't do it going forward.
Posted on 9/27/23 at 12:28 pm to stout
quote:
If he was able to defraud them for all of these years then why have none of them sued him or turned him over for fraud?
He was still paying them.
They don't care about fraud. They care about being paid.
You said it yourself that they don't care what you put on your application. They aren't the government.
Posted on 9/27/23 at 12:33 pm to stout
My question is going to sound stupid. Why did he want his properties to be valued more unless he was selling them.
Posted on 9/27/23 at 12:37 pm to Tvilletiger
quote:
My question is going to sound stupid. Why did he want his properties to be valued more unless he was selling them.
He was using equity in existing properties to finance other deals. The same as a homeowner taking out a HELOC.
Posted on 9/27/23 at 12:40 pm to stout
Every groomer supporter is an expert on finance and fraud this week. Beyond hilarious
Posted on 9/27/23 at 12:41 pm to stout
quote:
Why didn't the banks sue Trump if he defrauded them through loans?
The only reason would be he didn't personally guarantee the loans. They were secured by the real estate and in the name of the LLC. He got money and mitigated risk. That's how smart people operate.
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