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The stupidity of it speaks for its self. No one in the country could have come up with that amount and probably only a few in the world could have which was the whole point behind it. Only the dumbest most blindly partisan Trump deranged believe that amount was just and legitimate. Since nothing will ever convince you and those like you of this I will let others enable your Trump obsession I have a life to lead you can go outside look up at the sky and scream.Of course you couldn't argue that if your life depended on it.
James then starts seizing $464m in 10 days... First with the bank accounts..Or WHAT, tough-nutz?
That’s called cross collateralization, and from what I’m reading, it’s not illegal.I know a restaurant owner who had to go to prison for a while because he put up his restaurant's assets as collateral for two different loans from two different banks.
Was that a witch hunt? Should he have been allowed to do that? How is that not committing fraud?
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The dumbass wingnuts who have no answer for this just label it 'fake news'.I know a restaurant owner who had to go to prison for a while because he put up his restaurant's assets as collateral for two different loans from two different banks.
Was that a witch hunt? Should he have been allowed to do that? How is that not committing fraud?
No it isn't called that, and yes it is illegal, if you do not inform the institutions.That’s called cross collateralization, and from what I’m reading, it’s not illegal.
No, you're reading it wrong. Multiple loans, yes. Not multiple loans from different banks.That’s called cross collateralization, and from what I’m reading, it’s not illegal.
Cross Collateralization Defintion, Risks and Benefits
Cross collateralization is the act of using one asset as collateral to secure multiple loans or multiple assets to secure one loan.www.investopedia.com
So, if they went to jail for it…there must have been another reason
Thank you. They truly are dumbasses.No it isn't called that, and yes it is illegal.
Cross collaterilaztion is when all of your collateral at a financial institution secures all of your debt with that institution.
I'm stealing that meme... just wanted you to know.The stupidity of it speaks for its self. No one in the country could have come up with that amount and probably only a few in the world could have which was the whole point behind it. Only the dumbest most blindly partisan Trump deranged believe that amount was just and legitimate. Since nothing will ever convince you and those like you of this I will let others enable your Trump obsession I have a life to lead you can go outside look up at the sky and scream.
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Looks like someone is begging for some attention^^It’s ok. Decent white folk stepped in at the last moment and stopped this tribalist assault on America.
There is serious questions now being asked of the legal process and how Trump is getting special favouritism...Teabaggers were RIGHT.
Two tiered justice system, ONE for an orange traitor, and ONE for the rest of us.
Like Musk, Bezo et.al. they have billions on paper. Those that don't know that, or knows that but likes to flamebait, have 3 braincells fighting for hierarchy.Trump doesn't own it, as of 2021. GMAC Commercial owns it.
Now, why would a guy with $10B need to get another mortgage on a property that he built 40 years ago?
I am just stating a fact, ya freak.Looks like someone is begging for some attention^^
NOT egregious, when the orange grifter claims to be a multi-billionaire and claims to having $500,000,000 in cash.The 8th Amendment protects the People from cruel and unusual punishment and from mother fucking out of this world ridiculously egregious FINES!!!!!!!!!!
Yes genius, those are called assets. And if they are worth the money, one can secure a loan aganst them and produce the cash.Like Musk, Bezo et.al. they have billions on paper. Those that don't know that, or knows that but likes to flamebait, have 3 braincells fighting for hierarchy.
You're welcome. Now it's someone else's turn, son.I am just stating a fact, ya freak.
No it isn't called that, and yes it is illegal, if you do not inform the institutions.
Cross collaterilazation in practice is when all of your collateral at a financial institution secures all of your debt with that institution.
Not enough yet.
Sigh … I am sorry, Nancy, but I just don’t feel like addressing your bullshit today.You're welcome. Now it's someone else's turn, son.
