Trump gets a $355 million kick to the crotch, will he pay up?

[SchlongConery]

The GOP will give Trump some money. Without Trump, the GOP is finished!! Nikki Haley is a very weak and unlikable candidate!!

Correction: Donald will send his daughter in law to steal the money from the GOP. From whatever money the GOP has left. Which, last I heard earlier this week was less than $10 million. And that money is supposed to assist the campaigns of senators and congressmen in all the states for the upcoming election. Not just King Donald’s fraud and sexual assault lawsuit judgments.

Having said that, I really hope that everything you say and hope for comes true!

Getting thoroughly trounced in the upcoming election is the only way to once, and for all read the world of these unstable lowlife fraudsters wielding government powers that they don’t have the most basic clue on any of them.

 

[mandrill]

Where is he going to get the money?

Selling gold high tops to “the blacks” who “really really like him “?

Or selling spank videos of an old jew in the gym to you Chuckleheads?

Because he sure doesn’t seem like he’s going to be able to come up with the cash from his own pocket!

 

[SchlongConery]

View attachment 301072

I can just hear @mitchell76 yelling up the stairs “M-o-o-o-o-mmmm… can I use your credit card again?!?”

 

[Valcazar]

they do drive by evaluations and look at your property tax. I would imagine if i was a real estate mogul applying for a $5B loan there would be at least a property tax review and basic cost per sqft which is pretty easy to find. If you cannot value commercial property, then you really should not be involved in commercial property financing.

So you chose not to commit fraud, then.
Good for you.

 

[nottyboi]

So you chose not to commit fraud, then.
Good for you.

How can a sophisticated commercial property lender be defrauded? That is my qustion. i cannot see how fraud is possible except through negligence on he part of the lender.

 

[Valcazar]

How can a sophisticated commercial property lender be defrauded? That is my qustion. i cannot see how fraud is possible except through negligence on he part of the lender.

Got it.
Fraud is fine if the other person is a sucker.
We will just have to disagree about that.

 

[nottyboi]

Got it.
Fraud is fine if the other person is a sucker.
We will just have to disagree about that.

they were not suckers, they were probably complicit. you see, if they don't make the loan they don't make money. Because they are sophisticated, they know the project needs a cartain interest rate to be viable or no deal. So its in everyones interest to overvalue the collateral. The valuation was probably a colaboration between the Trump team and the bank team.

 

[toguy5252]

How can a sophisticated commercial property lender be defrauded? That is my qustion. i cannot see how fraud is possible except through negligence on he part of the lender.

Have you looked at the list of Madoff victims.

 

[toguy5252]

they were not suckers, they were probably complicit. you see, if they don't make the loan they don't make money. Because they are sophisticated, they know the project needs a cartain interest rate to be viable or no deal. So its in everyones interest to overvalue the collateral. The valuation was probably a colaboration between the Trump team and the bank team.

You obviously have never made a commercial loan.

 

[nottyboi]

Have you looked at the list of Madoff victims.

Madoff ripped off basic dumb ass investors.

 

[nottyboi]

You obviously have never made a commercial loan.

No but I have taken loans before and banks go through some effort to value real estate and tend to make CONSERVATIVE valuations.

 

[SchlongConery]

No but I have taken loans before and banks go through some effort to value real estate and tend to make CONSERVATIVE valuations.

Did you lie on your loan applications?

Do you think the bank would loan you money based on the collateral and statements of your overall financial condition in support of your loan applications you provided if you doubled or tripled the value of same?

 

[toguy5252]

No but I have taken loans before and banks go through some effort to value real estate and tend to make CONSERVATIVE valuations.

If you did you would have completed a credit application and your rate would have been affected by your statement of net worth/assets/liabilities etc. Rates are risk adjusted.

 

[nottyboi]

Did you lie on your loan applications?

Do you think the bank would loan you money based on the collateral and statements of your overall financial condition in support of your loan applications you provided if you doubled or tripled the value of same?

they do their own valuations for large loans. Even a HELOC for 500K they do their own evalution. Plus with real estate collateral, there are easy valuation models. How much rent, how much property tax etc. No one that stupid could be working in high dollar commercial real estate loans. PLUS the valuation is done by a seperate team then the sales team. (underwriter whatever) So the valuation is always a consensus effort. Ultimately no money was lost and all loans were repaid.

 

[SchlongConery]

they do their own valuations for large loans. Even a HELOC for 500K they do their own evalution. Plus with real estate collateral, there are easy valuation models. How much rent, how much property tax etc. No one that stupid could be working in high dollar commercial real estate loans. PLUS the valuation is done by a seperate team then the sales team. (underwriter whatever) So the valuation is always a consensus effort. Ultimately no money was lost and all loans were repaid.

Again, you avoid the question.

Do you think the bank would loan you money if they discovered you lied on your application?

 

[jalimon]

Again, you avoid the question.

Do you think the bank would loan you money if they discovered you lied on your application?

The type of banks who loaned Trump since early 2000 are mostly not American. So yes they most probably did.

The biggest problem Trump most probably has right now is that he has loaned on properties that are currently valued less on the street market... No one seems to know for sure as Trump's team said themselves they found their money in Russia many years ago.

 

[SchlongConery]

If you did you would have completed a credit application and your rate would have been affected by your statement of net worth/assets/liabilities etc. Rates are risk adjusted.

Adjustable... exactly!

Lying on a credit application is fraud. You don't even have to obtain the card, or default on paying your bill. So nobody has to lose anything for the fraud to occur. Simply lying on the application is fraud.

In the case of Trump it can be equated in the following example.

Say Honest Joe Lunchpail making $30,000.00 a year as "Sanitation Engineer" applies for a credit card to start his small business.

Probably gets a low limit and high interest rate card.

Now imagine he falsifies his income to $300,000.00 and adjusts his job title to "Engineer-Sanitation Division".

He now qualifies for a no-fee, low interest high limit card.

This defrauds the bank of the potential higher (interest) rate of return on their line of credit as well as eating into the (capital) factor they could otherwise lend to a more creditworthy client.

The $355 million judgement is a disgorgement to claw back the benefit of the fraudulent statements made by Trump. Not sure if it was just lower getting lower interest rates or if they factored in the enrichment Trump got from being able to borrow more than he would have been able to if his statements were true and invest elsewhere etc.

 

[SchlongConery]

It was up to the Deutsche bank to do their own "due diligence." Even Kevin O'Leary thought that Engoron's ruling was a "joke".

Kevin is a friend and one thing you have to understand is that he is a self-promoting entertainer first. Having said that, try proposing a deal to Kevin where you have grossly overvalued your security, income etc. See if he thinks that is a joke,

And whether or not the bank does their "due diligence" is immaterial to the fraud. Simply making the application under false pretences is fraud.

 

[SchlongConery]

All banks have their own appraisers!! Deutsche Bank seemed quite happy to do business with Trump. Trump even had disclaimers on his own documents for the banks to do their own due diligence etc

This was a totally victimless alleged crime. If Trump wasn't running for president, this case wouldn't have even been brought forward!!

What more can anyone say? You and other Trumpers whose only knowledge of law is from what you have learned on Twitter, Fox News and denials by Trump and his lawyers. Isn't that what every accused says? That they are innocent and not guilty?

Lawyers, Judges etc all can read the statutes of what constitutes fraudulent misrepresentation and have heard the evidence. Lots of people get sued for civil fraud that are not running for president.

Are you saying that Trump is above the law because he is running for President?

 

[dirtydaveiii]

All banks have their own appraisers!! Deutsche Bank seemed quite happy to do business with Trump. Trump even had disclaimers on his own documents for the banks to do their own due diligence etc

This was a totally victimless alleged crime. If Trump wasn't running for president, this case wouldn't have even been brought forward!!

it was found in court to be a crime therefore it is a crime, just like his rape of E Jean Carrol and defamation.