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Started By
Message
re: NY Judge rules Trump committed fraud in building real estate empire
Posted on 9/26/23 at 8:51 pm to Vacherie Saint
Posted on 9/26/23 at 8:51 pm to Vacherie Saint
quote:
Where do I go for these loans where I don’t have to document any of the shite on my application?
Figna get paid.
Correct. My back yard is about to look like Disneyland.
0
Posted on 9/26/23 at 8:51 pm to Vacherie Saint
New York, baw. Barring a reversal on appeal, the assets will be sold. You should buy a piece of the old Trump Organization.
Posted on 9/26/23 at 8:51 pm to jatilen
Letitia James is a national treasure.
Posted on 9/26/23 at 8:53 pm to TigerDoc
quote:
New York, baw.
Nope. I worked for a Ny based bank for a decade. Signature loans rarely exceed 5 low figures, even for the wealthy.
Posted on 9/26/23 at 8:54 pm to Wildcat1996
I get your sentimemt, delivery coulda been better. Basically he's an idiot or an evil genius at any given moment, whatever suits their narrative
Posted on 9/26/23 at 8:55 pm to jatilen
This is rigged.
Posted on 9/26/23 at 8:55 pm to tango029
I was Process Tech input for a 300 million dollar construction loan in Kuwait. Documentation filled about 35 file drawers at closing with each page sign off.
I also handled the site survey in Puerto Rico for a proposed joint venture with an investor group. At the end of the week I told the home office, no way, and got chewed out for being too reactionary. I enjoyed sending the home office the front page of the SanJuan Star nine months later, where it announced that Puerto Rico/Interpol had a world wide search for the folks I had met with. They had apparently gotten a 200 million dollar loan to restart another old facility, did no work, pocketed the money and disappeared.
two ends of the loan business, the first from private funding, the second from state bureaucrates
I also handled the site survey in Puerto Rico for a proposed joint venture with an investor group. At the end of the week I told the home office, no way, and got chewed out for being too reactionary. I enjoyed sending the home office the front page of the SanJuan Star nine months later, where it announced that Puerto Rico/Interpol had a world wide search for the folks I had met with. They had apparently gotten a 200 million dollar loan to restart another old facility, did no work, pocketed the money and disappeared.
two ends of the loan business, the first from private funding, the second from state bureaucrates
This post was edited on 9/26/23 at 8:57 pm
Posted on 9/26/23 at 8:56 pm to BengalOnTheBay
quote:
overvalues properties to reduce taxes to the state.
Sorry you're a brokedick without property. If you actually owned something, you would know the government employs people referred to as "assessors." They ACTUALLY value your property for purposes of state and local taxes.
You're right, but he was wrong. He didn't read the story, and maybe you didn't either. It has nothing to do with taxes. He overinflates the value for the purposes of getting loans and insurance policies. That's where the fraud comes in. You get the bank to loan you an amount secured by the property that's far greater than the actual value of the property.
But so what? We all know that Trump always pays his debts and would never, ever declare bankruptcy, right?
Have some of you Trumptards finally figured out why he always refused to release his tax returns?
Posted on 9/26/23 at 8:58 pm to Bayoutigre
quote:
This called being in a cult yall. When the leader can do no wrong then you have a problem
you are dumb enough to believe all you see and hear on main stream news
Maybe he is. Are you dumb enough to believe Donald Trump gives a shite about your miserable arse?
Posted on 9/26/23 at 9:01 pm to PsychTiger
quote:
And shockingly the judge is a registered Democrat.
Case closed
Posted on 9/26/23 at 9:03 pm to udtiger
quote:
So the tax assessor fricked up
Exactly. Trump should be asking for the overpayments of his property taxes, which would be based on those numbers.
But I guess State of NY is all good with that.
Have none of you clowns not actually read what this is all about? It doesn't have anything to do with fricking property taxes.
Seriously...have most of the dimwits in this thread never bought a house? Are y'all telling us that you have no fricking clue that there is often a difference between the appraised value for tax purposes...done by city or county employees...and the appraised value for the purposes of securing a loan, which is always done by private appraisers? The private appraiser will often go along with the value the borrower and the lender want so that the loan can go through.
This post was edited on 9/26/23 at 9:05 pm
Posted on 9/26/23 at 9:05 pm to jatilen
New York Judge? You can stop right there, that's all I need to know.
Trump 2024 - They really want us, he's just in the way.
Trump 2024 - They really want us, he's just in the way.
This post was edited on 9/26/23 at 9:08 pm
Posted on 9/26/23 at 9:38 pm to jatilen
Wooweee, I knew this one would bring out the libtard crazies and IT DELIVERED.
Posted on 9/26/23 at 9:45 pm to jatilen
Every business does this to get credit! So stupid! Just Trump Derangement Syndrome on acid!
Posted on 9/26/23 at 10:10 pm to lizlady68
quote:
Every business does this to get credit! So stupid! Just Trump Derangement Syndrome on acid!
No….no, they don’t.
Posted on 9/26/23 at 10:23 pm to jatilen
Are they going back to Trump's birth?
Posted on 9/26/23 at 10:29 pm to Born2rock
quote:
Trump is a thief. Understates income, overstates expenses..,overvalues properties to reduce taxes to the state. Did the same with his fed taxes as well. Cheats and lies. What a character.
Go back to playing with your big fat dildo
Posted on 9/26/23 at 10:44 pm to Born2rock
quote:
This has nothing to do with the tax code.
It does not have anything to do with any code. If you think this summary judgement itself is not fraud and bias, then you do not understand basic business.
No bank or investment firm would take the borrowers value. By federal law, a bank must do its own valuation. By common investment lending, an investment bank would do its own valuation. And they did. And Trump paid all the loans back with interest on time. No damages for fraud. If he overvalued them and they confirmed the valuation that is on the lender. The judge and attorney general could not let this go to trial on monday and have that evidence in court. Then sanction the lawyers for using the defense to prevent them from using in court? Jesus.
And Insurance companies do not take the valuations from the insured on these transactions. They value them theirselves. The insured can submit them but that is not fraud. That is why this POS Judge had to make this ruling.
Third, you are an idiot.
Posted on 9/26/23 at 10:46 pm to Born2rock
quote:
No….no, they don’t.
You are right. But the borrowers submit valuations and all lenders do their own valuations. But Trump may have been using the Brand in his valuation so that is not a crime.
It is normal business.
It’s only fraud if he stole the money. he repaid all of it
Posted on 9/26/23 at 10:55 pm to BamaGradinTn
quote:
You're right, but he was wrong. He didn't read the story, and maybe you didn't either. It has nothing to do with taxes. He overinflates the value for the purposes of getting loans and insurance policies. That's where the fraud comes in. You get the bank to loan you an amount secured by the property that's far greater than the actual value of the property. But so what? We all know that Trump always pays his debts and would never, ever declare bankruptcy, right? Have some of you Trumptards finally figured out why he always refused to release his tax returns?
You have no clue what you are talking about. How would his tax returns show any of this?
All banks and investment companies do their own valuations for loans. All insurance companies value properties for their policies.
Why would this be ruled on summary judgement before the facts can be heard in court and sanction the attorneys for making the defense? No trial yet.
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