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re: Jon Stewart overvalued his NYC home by 829%; he said Trump’s civil case as not victimless
Posted on 3/27/24 at 2:01 pm to Mo Jeaux
Posted on 3/27/24 at 2:01 pm to Mo Jeaux
quote:
These are two very different situations though. Stewart didn't provide any estimated value to anyone.
You know who has. Every single person who has ever purchased a home. And I would say it wouldn’t be a stretch to say 90 percent of those appraised values exceed the assessed values. Hell, I bet your mortgage application did that.
2
Posted on 3/27/24 at 2:02 pm to L.A.
Can of worms here is interesting.
There needs to be a review of all personal finance statements of any politician who applied for a loan either as a borrower or guarantor.
Let the bodies hit the floor.
Posted on 3/27/24 at 2:03 pm to Dday63
quote:
I'm not sure how Stewart committed fraud in his deal, but the law Trump is charged under, 63(12) is directed toward repeated and persistent fraud. So the sell of one apartment wouldn't qualify.
How many real estate purchases or loans qualify under this statute. 2? 3? How many people do you think have applied for loans with an appraised value exceeded the assessed value more than 2 or 3 times in their lives? I bet you have.
Posted on 3/27/24 at 2:05 pm to Wildcat1996
quote:
This is stupid. His house was worth whatever the buyer was willing to pay.
Agreed.
But if a person submitted inflated numbers on a statement of personal net worth to a bank to show their financial strength as a borrower or guarantor then (like the stuff with Trump), they need to held accountable.
Posted on 3/27/24 at 2:08 pm to BBONDS25
quote:
You know who has. Every single person who has ever purchased a home. And I would say it wouldn’t be a stretch to say 90 percent of those appraised values exceed the assessed values. Hell, I bet your mortgage application did that.
OK, but you seem confused. That isn't what happened here.
Posted on 3/27/24 at 2:09 pm to Alltheway Tigers!
quote:
But if a person submitted inflated numbers on a statement of personal net worth to a bank to show their financial strength as a borrower or guarantor then (like the stuff with Trump), they need to held accountable.
That's literally 90% of everybody who has ever taken out a small business loan.
People who say things like you just said have no idea how this works.
Posted on 3/27/24 at 2:10 pm to Alltheway Tigers!
quote:
But if a person submitted inflated numbers on a statement of personal net worth to a bank to show their financial strength as a borrower or guarantor then (like the stuff with Trump), they need to held accountable.
If the bank thought that fraud was involved, the bank would not approve the loan and turn in a notice to the FBI.
None of that happened.
So why is Trump being prosecuted again?
The victim paid an underwriter hundreds of thousands of dollars a year to review the application to poke holes in it to protect the bank. And they approved the loan anyway.
Posted on 3/27/24 at 2:18 pm to Mo Jeaux
quote:
OK, but you seem confused. That isn't what happened here.
Of course it is. Have you read the judgment? More specifically, it is precisely what Stewart was referencing. Hence the OP.
This post was edited on 3/27/24 at 2:20 pm
Posted on 3/27/24 at 2:23 pm to BBONDS25
quote:
Of course it is. Have you read the judgment? More specifically, it is precisely what Stewart was referencing. Hence the OP.
Oh my God. The OP was dumb. The two scenarios are different.
Thinking that (i) prosecuting Trump over what he did is ridiculous, malicious and politically motivated, and (ii) what happened here with Stewart is completely different are not mutually exclusive thoughts.
Posted on 3/27/24 at 2:24 pm to meansonny
quote:
The victim paid an underwriter hundreds of thousands of dollars a year to review the application to poke holes in it to protect the bank. And they approved the loan anyway.
And then said they’d loan the “defendant” money again.
Posted on 3/27/24 at 2:38 pm to Mo Jeaux
quote:
Thinking that (i) prosecuting Trump over what he did is ridiculous, malicious and politically motivated, and (ii) what happened here with Stewart is completely different are not mutually exclusive thoughts.
Stewart specifically spoke of valuing your property at some value other than the assessed value as proof of guilt. Did you even read the OP? The judge addressed this as well. Did you even read the judgment?
This post was edited on 3/27/24 at 2:40 pm
Posted on 3/27/24 at 2:42 pm to BBONDS25
quote:
Stewart specifically spoke of valuing your property at some value other than the assessed value as proof of guilt. Did you even read the OP? The judge addressed this as well. Did you even read the judgment?
Oh my God. Are you retarded? Are you just being willfully obtuse?
Posted on 3/27/24 at 2:46 pm to TBoy
quote:
Stewart did not overvalue his penthouse for the purpose of creating fake equity to secure a loan. Some rich moron simply overpaid for his penthouse, and then resold it a few years later at a loss. That is not remotely the same thing.
The bank, in Trump's case, did their due diligence then agreed with the valuation (you leftists seem to forget that point) so they loaned him the money. He paid the money back in full.
The only way this is "not remotely the same thing" is that no one in Trump's scenario lost money as did the buyer in Stewart's scenario.
This post was edited on 3/28/24 at 8:05 am
Posted on 3/27/24 at 2:50 pm to Alltheway Tigers!
quote:
There needs to be a review of all personal finance statements of any politician who applied for a loan either as a borrower or guarantor.
Let the bodies hit the floor.
I’d like a look at Arthur Engoron’s books.
Posted on 3/27/24 at 2:58 pm to Alltheway Tigers!
quote:
There needs to be a review of all personal finance statements of any politician who applied for a loan either as a borrower or guarantor.
Let the bodies hit the floor.
AND THEIR FAMILIES.
Posted on 3/27/24 at 3:05 pm to Godfather1
quote:
I’d like a look at Arthur Engoron’s books.
No you wouldn't, it's likely full of kiddie porn. :puke:
Posted on 3/27/24 at 3:13 pm to Alltheway Tigers!
quote:
But if a person submitted inflated numbers on a statement of personal net worth to a bank
The bank did the review, found nothing wrong, made the loan, and has been paid back. The bank isn't involved in any of this lawfare you and your ilk are cheering on.
We get it. You want political opponents jailed. Why not just be honest and say so?
Posted on 3/27/24 at 3:18 pm to Mo Jeaux
quote:
Oh my God. Are you retarded? Are you just being willfully obtuse?
Non responsive to the OP or to my posts. Of the two of us, I’m not the one being obtuse. I have referenced Stewart’s statement and the judgment. All you have done is say “nah uh” and call me a “retard”. Not very compelling, counselor.
This post was edited on 3/27/24 at 3:20 pm
Posted on 3/27/24 at 3:20 pm to L.A.
quote:
Jon Stewart is facing online backlash after the comedian opined on air this week that Donald Trump’s civil real estate case overvaluing his properties was “not victimless” — when it turns out the price of a previous home sale finds Stewart doing the exact same thing, The Post has learned.
These people have no idea how the world works. Prices are facts. Values are opinions. And inflating values does happen all the time, and people who do so don’t always get loans at the expense of people with lower valued assets.
Nothing but talking points by people who don’t understand. Leary is spot on.
Posted on 3/27/24 at 3:20 pm to BBONDS25
The Law Offices of SlowFlow and Cwill will not be entering this chat 
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