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Started By
Message
re: Trump owes lenders $450 million yet there were no complaints from the lenders.
Posted on 2/18/24 at 9:31 am to KiwiHead
Posted on 2/18/24 at 9:31 am to KiwiHead
quote:
If there was fraud, they participated and were just fine with the valuations presented.....including his penthouse and Mar a Lago which might have been a little high, but not out of the realm of reasonable.
The question is not what but who?
Back in the 80's DJT was mostly financed by the old "7 Sisters" (Citi, JPM, Chase, Manny, Chemical, and I forget the other two).
It is my understanding that no US will lend to DJT (due diligence / 6-8 bankruptcies / ????) and now it is basically all with DB in Germany (owned by Russia / Russians) and as non US they fall under mush less scrutiny than US.
quote:
not out of the realm of reasonable.
If I claimed 30K sq ft on a contract or document and it was only 10K my bank would call the loan and sue me, but I am just an average US citizen and taxpayer.
Generally 10% is "realm of reasonable" not 300%
1
Posted on 2/18/24 at 9:35 am to Tarps99
The $450 million is a fine, as I understand it. If so, it is not dischargeable in bankruptcy court.
Declaring bankruptcy wouldn’t help
Trump.
Declaring bankruptcy wouldn’t help
Trump.
Posted on 2/18/24 at 9:59 am to Cheese Grits
quote:
no US will lend to DJT
quote:Did Trump over state square footage by 300%?
If I claimed 30K sq ft on a contract or document and it was only 10K ...
Posted on 2/18/24 at 10:20 am to DavidTheGnome
quote:
I don’t know the details of what happened
Let me summarize this whole thing for you:
#1 - there are TWO signatures on those contracts. The Trump Org and the bank. They AGREED to the terms of said contract. End of discussion.
Or….if you really want to put this in plain terms of where this can go…..
#2 - I have some improvements done to my house, and now I want to refinance my home. The appraiser values my home on the higher end of the range to be sure I get the best possible rates. After my home has been paid off, the government, which did not sign the mortgage contract can then come in and sue me…WTF?
Posted on 2/18/24 at 10:40 am to KiwiHead
quote:How does a multibillion dollar company declaring bankruptcy secondary to a $500M liability make sense?
Yeah, it's the smart move and a negotiating tactic.
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