If banks are lending money on real estate ventures, it would seem that they would also do an evaluation of the value of the collateral that the borrower is presenting as security for the loan.
If banks are lending money on real estate ventures, it would seem that they would also do an evaluation of the value of the collateral that the borrower is presenting as security for the loan.
Haven't heard anything about that in the media.
So it is okay to commit fraud, and it is the banks fault for not catching him.
Originally posted by olejoedad: I would expect a financial institution to do their due diligence.
Unless I'm mistaken, this argument has been raised at trial, and the judge has rejected it as an exoneration of the Trump Organization's pattern of deceptively inflating the value of Trump Organization assets in their representations to banks and insurers.
If banks are lending money on real estate ventures, it would seem that they would also do an evaluation of the value of the collateral that the borrower is presenting as security for the loan.
Haven't heard anything about that in the media.
that is the FRAUD YOU DO not READ THE real MEDIA JUST RWNJ SITES
MAR A LOG GO GO VALUE FOR TAXES 16M PAID 10M TO BUY IT VALUE FOR LOANS 1 BILLION
THAT IS FRAUD
CLAIMING HIS PENTHOUSE IS 3 TIMES BIGGER AND MANY TIMES THE REAL VALUE
THAT IS FRAUD
[This message has been edited by ray b (edited 10-10-2023).]
could be 250,000,000 usd question is does he have that much money ? anyway for pure LOL it is better then nixon's fall better then the spyrokeet crook the true colors of the DARK SIDE ALWAYS SHOW
Originally posted by rinselberg: Unless I'm mistaken, this argument has been raised at trial, and the judge has rejected it as an exoneration of the Trump Organization's pattern of deceptively inflating the value of Trump Organization assets in their representations to banks and insurers.
Originally posted by rinselberg: I have not advertised my Fiero for sale.
I don't understand what point you are trying to make.
rinselberg, really ?
If you do advertise your Fiero for sale, are you going to undervalue it ?
The buyer will value it as he thinks it is worth. My P/U, used, I took out a loan for it. My creditor told me I was overpaying on it's worth. I asked for the money anyway and it was loaned to me.
Trump wasn't just advertising his properties for sale. The Trump Organization was making representations to lenders and insurers about the value of his properties. The prosecutors have provided evidence that the Trump Organization inflated their representations of these properties' values in ways that the judge has categorized as fraudulent in the State of New York, based on the laws and regulations that are intended to regulate real estate and commerce in the State of New York.
Trump wasn't just advertising his properties for sale. The Trump Organization was making representations to lenders and insurers about the value of his properties. The prosecutors have provided evidence that the Trump Organization inflated their representations of these properties' values in ways that the judge has categorized as fraudulent in the State of New York, based on the laws and regulations that are intended to regulate real estate and commerce in the State of New York.
Hahahahaha!
You've obviously never bought and sold real estate.
Are you really so obtuse to reality that you can't see the overreach of the judge in this case?
You've obviously never bought and sold real estate.
Are you really so obtuse to reality that you can't see the overreach of the judge in this case?
(Yes, you are)
Do you expect that Trump's lawyers will win on appeal? After the current trial in the courtroom of Judge Arthur F. Engoron reaches its conclusion and Judge Engoron sets the exact amount of the fine ($) that he is going to impose on Trump and the Trump Organization?
If you do advertise your Fiero for sale, are you going to undervalue it ?
The buyer will value it as he thinks it is worth. My P/U, used, I took out a loan for it. My creditor told me I was overpaying on it's worth. I asked for the money anyway and it was loaned to me.
Tell me again, what did Trump do wrong ?
the fact that the rump over valued his property on loan documents
IS NOT IN DISPUTE THE JUDGE RULED HIM GUILTY
the trial is about the fine he will be accessed ONLY
PLEASE TRY TO KEEP UP HE IS GUILTY AND WILL PAY
the only question is how much
and
if he has the money or he will be forced to sell if so then the true value will be known
Originally posted by olejoedad: The banks accepted the valuations and Trump met the terms of the loans given by the banks. There is no fraud. This is government overreach for political gain by a political party.
You are so blind
"Dem's (pun?) the breaks."
I'm glad that you're such an expert on this case.
Are you looking forward to a successful appeal from Trump's lawyers that will overturn the judgement?
Or do you expect that "the fix is in" at all higher levels of the justice system, and so the appeals court victory that Trump so richly deserves will never be awarded to him?
[This message has been edited by rinselberg (edited 10-20-2023).]
Originally posted by rinselberg: Trump wasn't just advertising his properties for sale. The Trump Organization was making representations to lenders and insurers about the value of his properties. The prosecutors have provided evidence that the Trump Organization inflated their representations of these properties' values in ways that the judge has categorized as fraudulent in the State of New York, based on the laws and regulations that are intended to regulate real estate and commerce in the State of New York.
Arthur F. Engoron is the judge presiding over this civil case in the State of New York.
I have discovered a veritable treasure trove of information about the singular trajectory of Justice Engoron, which has taken him all the way from his childhood home in Queens, to a seat on the Supreme Court of the State of New York.
Here are some lesser known tidbits of Engoron "lore" that will intrigue anyone who's been casually following news reports about this case.
As an undergraduate student at Columbia University, Engoron particularly liked earning money as a "cabbie"... a taxicab driver.
quote
"I loved the freedom, the instant cash, getting to meet people, learning how to drive like a maniac without being caught."
He definitely "had the beat."
quote
Engoron spent seven years teaching piano and pounding out the rhythm on a rocker's drum set as a working percussionist.
He once drew an unkind comparison between New York City Mayor Michael Bloomberg and Richard Nixon.
quote
During his time on the bench, Engoron took a hard line against the administration of New York Mayor Michael Bloomberg, ordering the mayor to release a report about the city's $2.3 billion 911 call system in 2012. In a sharply-worded ruling, Engoron compared Bloomberg's attempt to suppress the report to former President Richard Nixon's maneuvering during the Watergate scandal, ABC News reported at the time.
Judge Engoron... just when you think you've got him "pegged," he finds another way to surprise you!
Originally posted by olejoedad: The banks accepted the valuations and Trump met the terms of the loans given by the banks. There is no fraud. This is government overreach for political gain by a political party.
"Dem's (pun?) the breaks."
Is "olejoedad" looking forward to a successful appeal from Trump's lawyers that will overturn the judgement?
Or does he expect that "the fix is in" at all higher levels of the justice system, and so the appeals court victory that Trump so richly deserves will never be awarded to him?
[This message has been edited by rinselberg (edited 10-20-2023).]
Originally posted by olejoedad: The banks accepted the valuations and Trump met the terms of the loans given by the banks. There is no fraud. This is government overreach for political gain by a political party.
Dem's (pun?) the breaks.
Is "olejoedad" looking forward to a successful appeal from Trump's lawyers that will overturn the judgement?
Or does he expect that the fix is in at all higher levels of the justice system, and so the appeals court victory that Trump so richly deserves will never be awarded to him?
Still waiting on this one.
[This message has been edited by rinselberg (edited 10-20-2023).]
Is "olejoedad" looking forward to a successful appeal from Trump's lawyers that will overturn the judgement?
Or does he expect that the fix is in at all higher levels of the justice system, and so the appeals court victory that Trump so richly deserves will never be awarded to him?
Still waiting on this one.
While you're waiting, maybe you could hold your breath?
