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The New Coffee Room

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  3. Trump’s fraud trial

Trump’s fraud trial

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  • MikM Away
    MikM Away
    Mik
    wrote on last edited by
    #2

    Now they are talking about $373m civil damages. For what? Who suffered a loss or damages if the loans were repaid?

    "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by
      #3

      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!"

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

      89th8 1 Reply Last reply
      • MikM Mik

        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.

        CopperC Offline
        CopperC Offline
        Copper
        wrote on last edited by
        #4

        @Mik said in Trump’s fraud trial:

        It looks more and more politically motivated all the time.

        You might be right.

        1 Reply Last reply
        • JollyJ Offline
          JollyJ Offline
          Jolly
          wrote on last edited by
          #5

          It's all political. And coordinated with the Biden Whitehouse.

          “Cry havoc and let slip the DOGE of war!”

          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

          George KG 1 Reply Last reply
          • JollyJ Jolly

            It's all political. And coordinated with the Biden Whitehouse.

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #6

            @Jolly said in Trump’s fraud trial:

            And coordinated with the Biden Whitehouse.

            alt text

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • JollyJ Offline
              JollyJ Offline
              Jolly
              wrote on last edited by
              #7

              If you're crazy and you're right, you ain't crazy. 😛

              “Cry havoc and let slip the DOGE of war!”

              Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

              1 Reply Last reply
              • George KG George K

                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!"

                89th8 Offline
                89th8 Offline
                89th
                wrote on last edited by 89th
                #8

                @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!

                1 Reply Last reply
                • JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #9

                  Banks don't do due diligence? Especially with the kind of money we're talking about?

                  Puh-leeze...

                  “Cry havoc and let slip the DOGE of war!”

                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                  MikM George KG 3 Replies Last reply
                  • JollyJ Jolly

                    Banks don't do due diligence? Especially with the kind of money we're talking about?

                    Puh-leeze...

                    MikM Away
                    MikM Away
                    Mik
                    wrote on last edited by
                    #10

                    @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...

                    Exactly.

                    "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                    1 Reply Last reply
                    • JollyJ Jolly

                      Banks don't do due diligence? Especially with the kind of money we're talking about?

                      Puh-leeze...

                      George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #11

                      @Jolly said in Trump’s fraud trial:

                      Banks don't do due diligence?

                      And my understanding is that they did exactly that.

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      1 Reply Last reply
                      • MikM Away
                        MikM Away
                        Mik
                        wrote on last edited by
                        #12

                        It is difficult to believe they were any less than a willing participant.

                        "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

                        1 Reply Last reply
                        • JollyJ Jolly

                          Banks don't do due diligence? Especially with the kind of money we're talking about?

                          Puh-leeze...

                          George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #13

                          @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...

                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                          RenaudaR 1 Reply Last reply
                          • George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #14

                            In the comments, LOL:

                            "CNN producers right now"

                            alt text

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            1 Reply Last reply
                            • George KG George K

                              @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...

                              RenaudaR Offline
                              RenaudaR Offline
                              Renauda
                              wrote on last edited by
                              #15

                              @George-K

                              I am no fan Mr. Wonderful, Kevin O’Leary, but I agree 100% with what he says in that CNN clip.

                              Elbows up!

                              1 Reply Last reply
                              • MikM Away
                                MikM Away
                                Mik
                                wrote on last edited by
                                #16

                                Spot on.

                                "The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil

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