They received a lower interest rate than
they should've gotten because their risk
was greater than known. Less borrower
equity means greater risk.
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Trump ordered to pay nearly 355 million in NY fraud case.
- Thread starter fantome profane
- Start date
they should've gotten because their risk
was greater than known. Less borrower
equity means greater risk.
Laniakea
Not of this world
A New York judge.
Banks lost nothing to the tune of anything. If they were out 350 million, I'm sure they would have noticed.
Laniakea
Not of this world
Since they were repaid in full, there was clearly not much of a risk.
exchemist
Veteran Member
But how would they know, unless they became suspicious and employed separate real estate valuers to check the numbers the Trump organisation gave them? It was systematic fraud over a period of ten years or more.
The fact is the numbers were false and that is not allowed in business.
Risk isn't based upon adverse consequences
having been avoided.
Analogy time.....
An angry cop points a gun at an innocent man's head,
& pulls the trigger. It misfires. Was there no risk?
(This actually happened.)
The banks not only faced greater risk than they knew,
they charged a lower interest rate than that risk would
have required. That caused a financial loss not known
until later.
Have you ever borrowed by pledging real estate as security?
If so, were you not presented with interest rate options
based upon LTV (loan to value ratio)?
Last edited:
Bank fraud cases in New York State are generally handled by New York judges.
False. The banks didn’t know the true risks in giving Trump loans. And Trump got lower interest rates which is theft.
You continue to show us your lack of knowledge, and your extreme bias.
These threads are just an effort to explain things to you, yet you ignore the facts.
Come on MAGA! Time to dip into your retirement to help out your orange savior!
Live updates: Trump ordered to pay nearly $355 million in civil fraud trial
A judge has ordered former President Donald Trump and his companies to pay nearly $355 million in a ruling in the New York civil fraud case. Follow here for the latest live news updates.www.cnn.com
" A judge has ordered former President Donald Trump and his companies to pay nearly $355 million in a ruling"
"The former president is also barred from serving as an officer or director of any New York corporation or other legal entity in the state for three years, and he cannot apply for loans from any financial institution registered in New York for three years. Meanwhile, his adult sons, Donald Jr. and Eric, have been ordered to pay $4 million for their personal profits from the fraud."
As was expected.
Subduction Zone
Veteran Member
Once again, poor reading comprehension. I said that it was unknown borrowers that were the victims.
If you should have gotten a loan on your house for 5% but had to pay 10% because someone else lied wouldn't you be a victim in that case?
So in your moral universe, if I stick you up and take all of your money - but years later give it back to you - no harm to you, right?
Let's say I live in jurisdiction A. The party in power in A are the Xs. I am a candidate for and funder of party Y, their opposition.
If I commit a murder in that jurisdiction, does that mean I can't be prosecuted in that jurisdiction because that would be "politically motivated"?
If I double park and get a ticket in that jurisdiction, does that mean I don't have to pay it because any enforcement proceedings would be "politically motivated"?
Explain to me how that works, please.
Subduction Zone
Veteran Member
Not just the banks. But other borrowers as well. Banks have to decide ahead of time how much they can lend at what rates. They do not make money out of thin air. There were borrowers that lost low interest loans because Trump had taken the banks allotted funds for that amount of interest.
That is a laughingly dumb statement.
And … demonstrates the pathetic hypocrisy of the Maga crowd that has been salivating for years hoping their party - that has done absolutely nothing for Americans in years now - will find a way to get revenge for Trumps impeachments by finding something, Anything to pin on Biden. No, no political motivation there….That is a laughingly dumb statement.
Subduction Zone
Veteran Member
What is scary is that if every MAGA family sent in $5.00 per family member that would pay off Trump's debt.
The solution....
More court judgements against him.
Subduction Zone
Veteran Member
Sounds good to me. Ooh, I forgot about the Carroll verdict. That is another $83 million.
These 2 verdicts are a good start.
Subduction Zone
Veteran Member
I do not see any current monetary suits, but the success of those two could have easily opened up the floodgates. All of his other current court cases are either criminal, and who would not enjoy a few guilty verdict there, and his disqualification case.:
The Cases Against Trump: A Guide
Thirty-four felony convictions. Charges of fraud, election subversion, and obstruction. One place to keep track of the presidential candidate’s legal troubles.
Right now I do not care that much if he does not get disqualified. When it comes to the Republican Party he is a one man wrecking crew, don't get jealous.