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Started By
Message
re: Trump owes lenders $450 million yet there were no complaints from the lenders.
Posted on 2/17/24 at 11:24 am to DavidTheGnome
Posted on 2/17/24 at 11:24 am to DavidTheGnome
quote:
Haven't been following it all but if he did misrepresent his assets that's fraud and it doesn't matter if they were paid in full. They took on more risk than they were aware of
100% wrong. His assets are not black and white. They even tried to say marlago is 18mill.
You come up with what you think it's worth based on a boat load of factors. You pass this info to your lender. They investigate the properties and the risk. They either approve or deny. If approved you pay loan back with interest. Game over. No victim. Zero fraud.
0
Posted on 2/17/24 at 11:27 am to Big Jim Slade
quote:
Any judgment amount, if paid, would result in an unearned windfall to someone, either Deutsch Bank or the state of NY. There was no “victim” here
Outright theft by judgment
Posted on 2/17/24 at 11:33 am to ronricks
quote:
Trump has filed for bankruptcy many times in the past.
He has never personally filed for BK
My goodness the tards with tds
Posted on 2/17/24 at 11:34 am to Bass Tiger
quote:
Why would the state of New York be entitled to any of the settlement when they had no involvement in the loan agreements.....that were paid in full to the lenders?
Indeed! That's the problem with this case. There is no victim. The banks did not ask the AG to take this action on their behalf and this statute has never been used in this way before. Until now, authorities have only gone after companies that have engaged in schemes that harmed relatively powerless and/or defenseless victims. THIS case is a complete ONE OFF.
Posted on 2/17/24 at 11:35 am to jawnybnsc
quote:
THIS case is a complete ONE OFF.
Until someone else steps off the plantation.
Posted on 2/17/24 at 11:43 am to TerryDawg03
quote:
People don’t understand the precedent this case could set. It’s incredibly dangerous to let the government come in and retroactively tell a borrower that his terms were too favorable based on valuations. The favorability of the terms is subjective, and the valuations are opinions by definition, so also subjective. There was no loss or harm to any of the parties involved. I hope this somehow makes it to SCOTUS, but I’m not sure how that process might work.
Every bank that loans large sums of money do their own risk assessment, they don't accept the borrowers opinion on what the borrower believes a piece of their real estate is worth for collateral purposes.....that's why this BS is a fricking joke.
Posted on 2/17/24 at 11:51 am to Bass Tiger
The case was about Trump enterprises putting inaccurate information on loan applications, which is fraud. Not a bank’s valuation of the “accurate/inaccurate” loan application.
Posted on 2/17/24 at 11:56 am to jawnybnsc
The settlement will most likely go to the State of NY as penalties for fraud against the citizens of NY. There will also be interest tacked on for every day it is not paid.
Posted on 2/17/24 at 11:57 am to ronricks
quote:
Trump has filed for bankruptcy many times in the past.
Ah yes, a DU talking point aimed at their low-IQ audience. Trump has owned over 500 companies and a handful have gone bankrupt - approximately 1%.
Depending on the industry, between 30-50% of all businesses file bankruptcy - Trump is at 1% - so go ahead and publicly prove again how dumb you are and quote more DU garbage.
Posted on 2/17/24 at 11:57 am to bayouboo
Fraud against the citizens of NY 
Holy frick we really have reached peak clownworld
Holy frick we really have reached peak clownworld
Posted on 2/17/24 at 12:01 pm to SDVTiger
Just stating what the case was about.
Posted on 2/17/24 at 12:02 pm to bayouboo
quote:
The case was about Trump enterprises putting inaccurate information on loan applications, which is fraud
Let's presume you're correct.
What is the damage? Not the number the judge pulled out of his arse, but the actual damage resulting from the purported fraud.
Posted on 2/17/24 at 12:05 pm to bayouboo
Yeah thats the bullshite they made up to create a case
Posted on 2/17/24 at 12:06 pm to udtiger
No clue.
I am not arguing for or against the merits of the case. I am just stating what the case was about as this thread has differing statements about the case itself.
I am not arguing for or against the merits of the case. I am just stating what the case was about as this thread has differing statements about the case itself.
Posted on 2/17/24 at 12:27 pm to bayouboo
quote:
There will also be interest tacked on for every day it is not paid.
Assuming, of course, the judgment withstands all appellate proceedings.
Posted on 2/17/24 at 12:42 pm to davyjones
Correct.
He’ll probably have guarantee about $450M to appeal.
He’ll probably have guarantee about $450M to appeal.
Posted on 2/17/24 at 12:49 pm to DavidTheGnome
quote:
They took on more risk than they were aware of.
The bank execs testified that Trumps reported asset values were of no consequence to them because they did their own analysis and research and made loans/deals accordingly. So, no, acording to the financial institutions involved they did not.
Posted on 2/17/24 at 12:52 pm to ronricks
You must be an Alabama Grad
No one else would be that stupid ....
No one else would be that stupid ....
Posted on 2/17/24 at 12:54 pm to bayouboo
quote:
The case was about Trump enterprises putting inaccurate information on loan applications, which is fraud.
This is a civil case not a criminal case so who lost money on these fraudulent applications? If nobody can step forward then there is no aggrieved party.
In this case should Trump paid higher interest rates? I would not think so because this is a free market economy and financial institutions are free to make deals as they wish.
Posted on 2/17/24 at 1:00 pm to bluedragon
folks that are claiming this is a one off verdict, should look at Elon Musks 50 billion dollar compensation package that was renegotiated by a Delaware Judge, 5 years after the market responded favorably to his leader ship.
Blue states are extreme haters of corporations. Wall Street needs to move to Main Street for their protection.
Blue states are extreme haters of corporations. Wall Street needs to move to Main Street for their protection.
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