Trump’s fraud trial
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For me, it rather hinges on whether the loans involved were repaid, which he claims. It is unfathomable to me that the banks involved could not accurately determine the value of the properties involved. That’s their business.
It looks more and more politically motivated all the time.
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For me, it rather hinges on whether the loans involved were repaid, which he claims. It is unfathomable to me that the banks involved could not accurately determine the value of the properties involved. That’s their business.
It looks more and more politically motivated all the time.
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There was no loss. The banks were repaid, and happy.
The AG claims that this was NOT political, despite the fact that she campaigned on "We're gonna get him!"
@George-K said in Trump’s fraud trial:
There was no loss. The banks were repaid, and happy.
I'm not saying it is or isn't political, but just in respect to the statement above, that's a silly defense. If a company takes out hundreds of millions of dollars of loans and insurance at much more favorable terms because they lie about how much their assets are worth, it doesn't matter if the banks were repaid and happy (I'm sure they'd be happier if they were repaid at appropriate interest rates btw). That is Fraud 101 level fraud.
Trump's defense should've said... oh I said my assets were worth 500 million? I meant 50 million. Sorry for the fraudian slip!
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Banks don't do due diligence? Especially with the kind of money we're talking about?
Puh-leeze...
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Banks don't do due diligence? Especially with the kind of money we're talking about?
Puh-leeze...
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Banks don't do due diligence? Especially with the kind of money we're talking about?
Puh-leeze...
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@Jolly said in Trump’s fraud trial:
Banks don't do due diligence? Especially with the kind of money we're talking about?
Puh-leeze...