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Message
Trump owes lenders $450 million yet there were no complaints from the lenders.
Posted on 2/17/24 at 9:23 am
Posted on 2/17/24 at 9:23 am
I read The NY Times piece on Trump's lawfare trial and the judge determined that Trump owes several lenders around $450 million which includes interest payments. The piece also said every lender received the original agreed upon loan repayments.
If I'm understanding this ruling by the Dim judge then it appears the $450 million goes to the various lenders who stated they had no issues with the loan agreements to the Trump Organization.
What would be truly outstanding is Trump being told by every satisfied lender involved in this obvious lawfare against Trump to keep your money Mr President.....we're good.
If I'm understanding this ruling by the Dim judge then it appears the $450 million goes to the various lenders who stated they had no issues with the loan agreements to the Trump Organization.
What would be truly outstanding is Trump being told by every satisfied lender involved in this obvious lawfare against Trump to keep your money Mr President.....we're good.
13
Posted on 2/17/24 at 9:27 am to Bass Tiger
To the bankruptcy attorneys out there, if Trump were to declare bankruptcy, and liquidate his assets. Who gets paid first the lien holders or legal judgments?
It might be his only f—- you option depending on how shielded some of his assets are.
It might be his only f—- you option depending on how shielded some of his assets are.
Posted on 2/17/24 at 9:32 am to Tarps99
quote:
Trump were to declare bankruptcy, and liquidate his assets. Who gets paid first the lien holders or legal judgments?
Neither
IRS is the 800 lb gorilla in the room
While all these other issues are in the public eye 24 / 7 / 365, the IRS still has an open account and has managed to stay out of the camera.
Think about that.
Posted on 2/17/24 at 9:33 am to Bass Tiger
quote:
lenders
lender (singular)
DB is in Germany but owned by the Russians
Posted on 2/17/24 at 9:33 am to Tarps99
quote:
if Trump were to declare bankruptcy
Trump has filed for bankruptcy many times in the past.
Posted on 2/17/24 at 9:37 am to Bass Tiger
I always thought NYstate would get it
Posted on 2/17/24 at 9:37 am to ronricks
quote:
Trump has filed for bankruptcy many times in the past.
I think he has 6 to 8 corporate ones that stuck but no personal yet.
Posted on 2/17/24 at 9:49 am to Bass Tiger
... no, you are looking at this wrong because there is a purpose ...
Back in 2007 when the banking industry took a hit and several banks had to close, like Lehman Brothers. In actually this action was a flat out bank robbery because the globalists needed a huge amount of cash right away to fund the building of the Crowdstrike computer.
And here we are today, with the bank robbery of First Republic Bank that happened in May of 2023 and now Trump ...
Pure and simple bank robbery.
Because this is who these people are. Bank robbers --- relatives of bank robbers who need money badly.
Posted on 2/17/24 at 9:52 am to ronricks
quote:
Trump has filed for bankruptcy
NOPE. Trump-owned LLCs have gone bankrupt-if the bank did not require a PERSONAL guarantee, then he's not on the hook
Posted on 2/17/24 at 10:01 am to jrobic4
Trump was denied his constitutional right to a jury trial by the judge,illegal.statutes of limitations may have run out.
Posted on 2/17/24 at 10:13 am to Bayoutigre
quote:
Trump was denied his constitutional right to a jury trial
Which trial?
Pretty sure his lawyers / DJT opted out up front then asked back in after the fact.
Posted on 2/17/24 at 10:15 am to Bass Tiger
And the banks testified that they were not duped!
Posted on 2/17/24 at 10:16 am to Bass Tiger
This is how the judge is determining that Trump is “guilty “ by showing supposed criminal intent. It’s all bullshite but getting headlines and headaches
Posted on 2/17/24 at 10:41 am to Bass Tiger
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.
Posted on 2/17/24 at 10:43 am to Tarps99
quote:
To the bankruptcy attorneys out there, if Trump were to declare bankruptcy, and liquidate his assets
He can't discharge the judgment debt because they found fraud. This was a deliberate economic attack.
Posted on 2/17/24 at 10:52 am to Bass Tiger
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.
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.
This post was edited on 2/17/24 at 10:53 am
Posted on 2/17/24 at 11:05 am to ChineseBandit58
quote:
I always thought NYstate would get it
Interesting.
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?
Posted on 2/17/24 at 11:08 am to TerryDawg03
Honest question…where are the appraisals and what did they indicate that the assets were valued at?
Posted on 2/17/24 at 11:15 am to Bass Tiger
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.
Posted on 2/17/24 at 11:17 am to plazadweller
I can assure you it was professional appraisers,values can be different depending on the market and economy.loans were repaid on time and no complaints from lenders.
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