Judge fines Trump $354 million

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By OdeToJoy
16 Feb 2024 2:18 pm in No Holds Barred Political Forum
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Huey
17 Feb 2024 9:25 am
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R.Suave » 17 Feb 2024, 10:24 am » wrote: No, it isn't.

All I have to do is assert to the contrary.
Well, we are done.  CNN says you are a liar.
 And they are your primary source.
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R. Suave
17 Feb 2024 9:26 am
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Huey » 17 Feb 2024, 10:23 am » wrote: Post the victims and who did not only get their money back and did not make millions.
In that case the victims included the commercial arm of Deutsche Bank...

Which is why Grifty hasn't been able to go to a commercial bank since.
R. Suave
17 Feb 2024 9:27 am
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Huey » 17 Feb 2024, 10:25 am » wrote: Well, we are done.  CNN says you are a liar.
 And they are your primary source.
The Judgement and the law say you're an idiot.
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Huey
17 Feb 2024 9:28 am
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R. » wrote:
Huey » 17 Feb 2024, 10:25 am » wrote: Well, we are done.  CNN says you are a liar.
 And they are your primary source.
The Judgement and the law say you're an idiot.

 
 
R. » wrote:
Huey » 17 Feb 2024, 10:23 am » wrote: Post the victims and who did not only get their money back and did not make millions.
In that case the victims included the commercial arm of Deutsche Bank...

Which is why Grifty hasn't been able to go to a commercial bank since.

 

We will see what happens on appeal and we will see how many development businesses leave NY.  

You may have the last word.  That is your flaw anyway.
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Zeets2
17 Feb 2024 10:28 am
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Huey » 17 Feb 2024, 9:43 am » wrote: Let's see how many real estate development businesses move out of the state after this Banana Republic Decision:

https://www.foxnews.com/media/trumps-ny ... ic-experts

No complaints, no victim, no money loss, all parties paid back, and according to experts this how it is done in the development business.
You hit the nail on the head!
New York has been pissed off at Trump ever since he pulled his business out of NY and into Florida, taking his multi-billion dollar company with him.  
And that's exactly what New York is facing since one multi-million dollar business after another takes their jobs and the tax revenue they pay away from them.
Just like Rush Limbaugh did
Just like Hannity did
Both left as stupid NY politicians yell, "Good riddance" to their highest taxpayers and those paying the largest share of business tax revenue!
Pure genius for those liberal residents who cheered at their relocation, even as NY raised taxes yet again to make up for the shortfall.

No, there is NOTHING dumber than a liberal!
Gov. Cuomo Says 'Good Riddance' to Trump Leaving NY, Don Jr. Responds with Savage Takedown 
Western Journal By C. Douglas Golden  November 3, 2019
New York’s leftists are basically tripping all over themselves trying to come up with newer and more biting ways to tell the Trumps not to let the door hit them in the posterior on the way out.As you probably know, the president and his family have legally decamped from New York — his state of residence for his entire life — for Florida, where the Mar-a-Lago resort will be his official residence. The president says it’s an issue of respect and, to a lesser extent, taxes.
 
Wall Street Firms Are Leaving New York, Taking $1 Trillion With Them
MSN by Rocio Fabbro 
Nearly 160 companies fled New York since 2020New York has lost almost $1 trillion as asset management companies head to the Sun Belt.Between early 2020 and 2023, 158 companies that manage $993 billion in assets moved their headquarters out of New York, according to data compiled by Bloomberg. Texas and Florida have received an influx of companies leaving California and New York — and the economic boom that comes with it.
 
Super rich New Yorkers — including billionaire Carl Icahn — are fleeing the Big Apple in droves.
Yahoo News Jing Pan Mon, Mar 27, 2023
 
Wealthy New Yorkers who fled in 2020 took $21B in income with them: IRS
NY Post By Ariel Zilber June 28, 2022
New York loses 10 billionaires in four years as magnates flee for Florida
NY Post By Georgia Worrell Nov. 11, 2023New York has lost 10 billionaires in the last four years — three of whom fled to Florida — leaving tax coffers lighter by tens of millions of dollars annually.
Even as the wealthy flee NY, progressives push to punish them more
NY Post  Dec. 11, 2022
 
 
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PhiloBeddo
17 Feb 2024 10:30 am
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I was voting for Trump before this. Now I am voting 100 times for him.
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Zeets2
17 Feb 2024 10:46 am
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Bidencrimefamily » 17 Feb 2024, 7:45 am » wrote: He lied Bout his estimates of value to get better terms in loans. Which is fraud.
You don't know what the **** you're talking about!

Isn't it a FACT that every real estate contract that any lender enters reserves them the right to evaluate the value of the collateral property for themselves, and they DO NOT rely solely on the evaluation of the borrower EVEN AS THE BORROWER STIPULATES THE RECOMMENDATION THAT THE LENDER DO SO IN THE CONTRACT?

Or are you unaware of that fact?
Business Loan Collateral Requirements: What to Know When seeking a business loan, understanding the collateral requirements is crucial. Lenders typically consider several factors when evaluating collateral, including the type and value of the asset, its marketability, and the potential for depreciation or obsolescence. Additionally, lenders may require a professional appraisal to determine the accurate value of the collateral. 
Are you dumb enough to believe that any bank WOULD NOT insist on their own appraisal of a borrower's assets and collateral before loaning out millions of dollars?
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Cannonpointer
17 Feb 2024 10:46 am
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maineman
17 Feb 2024 10:50 am
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https://www.the-express.com/news/politi ... bankruptcy

I need some clarification from the MAGA team here.

If Donald Trump is indeed a multi-billionaire and one of the richest men on the planet as he claims, why is less than half a billion anything other than a minor annoyance to him?
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RebelGator
17 Feb 2024 10:53 am
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maineman » 17 Feb 2024, 11:50 am » wrote: https://www.the-express.com/news/politi ... bankruptcy

I need some clarification from the MAGA team here.

If Donald Trump is indeed a multi-billionaire and one of the richest men on the planet as he claims, why is less than half a billion anything other than a minor annoyance to him?
Learn the difference between principal and principle,  I think you'll find your answer.
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Zeets2
17 Feb 2024 10:55 am
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R.Suave » 17 Feb 2024, 9:50 am » wrote: No, it isn't.

His auditors walked away from a decade's worth of reports.

That is NOT how developers operate.
You don't know **** about how developers operate!

On EVERY multi-million dollar business loan the bank or other lender OBTAINS THEIR OWN APPRAISAL OF THE PROPERTY PUT UP AS COLLATERAL!
And it's got NOTHING to do with any government audit, WHERE IRS AGENTS AUDIT TRUMP EVERY YEAR!
If the bank's appraisal is significantly less than the borrower's estimation, THEY SIMPLY DON'T GIVE THEM THE LOAN! 
And there is NO CRIME INVOLVED!



 
R. Suave
17 Feb 2024 11:42 am
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Zeets2 » 17 Feb 2024, 11:55 am » wrote: You don't know **** about how developers operate!

On EVERY multi-million dollar business loan the bank or other lender OBTAINS THEIR OWN APPRAISAL OF THE PROPERTY PUT UP AS COLLATERAL!
And it's got NOTHING to do with any government audit, WHERE IRS AGENTS AUDIT TRUMP EVERY YEAR!
If the bank's appraisal is significantly less than the borrower's estimation, THEY SIMPLY DON'T GIVE THEM THE LOAN! 
And there is NO CRIME INVOLVED!
In a development project the only "collateral" is the raw land.

In order to use your net worth to qualify for advantaged rates, you must present an AUDITED FINANCIAL STATEMENT attesting to said net worth.

**** fraud.
 
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sole
17 Feb 2024 11:47 am
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R. Suave » 17 Feb 2024, 10:27 am » wrote: The Judgement and the law say you're an idiot.
natural evolving shows you prefer to stay n intellectual fool than an honest ancestor equally alive now.
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Zeets2
17 Feb 2024 11:51 am
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R.Suave » 17 Feb 2024, 12:42 pm » wrote: In a development project the only "collateral" is the raw land.

In order to use your net worth to qualify for advantaged rates, you must present an AUDITED FINANCIAL STATEMENT attesting to said net worth.

**** fraud.
****!  You don't know what the **** you're talking about!
The borrower can offer any form of collateral they want, and it's up to the bank to evaluate that collateral and make a loan decision based on that collateral.

Don't try to tell me my business, dickhead!  Because I guarantee my experience in business and banking far exceeds yours!
Have YOU ever obtained a variance on a factory and converted it an apartment building with the assistance of a local bank as I did?
 
Harper Lee
17 Feb 2024 11:53 am
      
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R.Suave » 17 Feb 2024, 10:26 am » wrote: In that case the victims included the commercial arm of Deutsche Bank...

Which is why Grifty hasn't been able to go to a commercial bank since.
Can you share that link of yours?

Trump is totally broke...


 
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Huey
17 Feb 2024 11:59 am
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Zeets2 » 17 Feb 2024, 12:51 pm » wrote: ****!  You don't know what the **** you're talking about!
The borrower can offer any form of collateral they want, and it's up to the bank to evaluate that collateral and make a loan decision based on that collateral.

Don't try to tell me my business, dickhead!  Because I guarantee my experience in business and banking far exceeds yours!
Have YOU ever obtained a variance on a factory and converted it an apartment building with the assistance of a local bank as I did?

He is real good at telling people about their jobs and businesses.  He has told me everything from being a military flight crew member to how to drive a manual 18 wheeler thru the mountains.  
BV is in question time out indefinitely, until he takes the pledge to answer questions one for one.

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righteous
17 Feb 2024 12:05 pm
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maineman » 17 Feb 2024, 11:50 am » wrote: https://www.the-express.com/news/politi ... bankruptcy

I need some clarification from the MAGA team here.

If Donald Trump is indeed a multi-billionaire and one of the richest men on the planet as he claims, why is less than half a billion anything other than a minor annoyance to him?
THE REAL QUESTION IS WHY SHOULD HE BE OBLIGATED TO PAY A FAKE FINE IMPOSED BY A CORRUPT JUDICIAL SYSTEM. 
THE ONUS SIMPLY WAS ON THE LENDERS APPRAISERS OF THE PROPERTY WHOSE RESPONSIBILITY IS TO VALUE THE PROPERTY FOR LOAN PRE-APPROVAL. 
THIS CASE IS A FARCE FOR POLITICAL PURPOSE. THE OBVIOUS
 
 
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Zeets2
17 Feb 2024 12:13 pm
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Huey » 17 Feb 2024, 12:59 pm » wrote: He is real good at telling people about their jobs and businesses.  He has told me everything from being a military flight crew member to how to drive a manual 18 wheeler thru the mountains.
Probably why he felt the need to change his stupid name!

Once people realize how little he actually knows he can no longer avoid having everyone laugh at the ignorance he confirms here every day.
 
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Huey
17 Feb 2024 12:16 pm
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Zeets2 » 17 Feb 2024, 1:13 pm » wrote: Probably why he felt the need to change his stupid name!

Once people realize how little he actually knows he can no longer avoid having everyone laugh at the ignorance he confirms here every day.

I remember the day he thought my Kydex holster was a gun, in pieces.  That was hilarious.
BV is in question time out indefinitely, until he takes the pledge to answer questions one for one.

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R. Suave
17 Feb 2024 12:42 pm
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Zeets2 » 17 Feb 2024, 12:51 pm » wrote: ****!  You don't know what the **** you're talking about!
The borrower can offer any form of collateral they want, and it's up to the bank to evaluate that collateral and make a loan decision based on that collateral.

Don't try to tell me my business, dickhead!  Because I guarantee my experience in business and banking far exceeds yours!
Have YOU ever obtained a variance on a factory and converted it an apartment building with the assistance of a local bank as I did?
The borrower can offer any form of collateral they want, and it's up to the bank to evaluate that collateral and make a loan decision based on that collateral.
Great, assuming you own the "collateral" outright.

But if there's any leverage, all you have to offer is your equity. And that is reflected in your audited financial statement.

Zeet,

Stop braying like a jackass.

You're a fraud.

 
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