‘Mr. Wonderful’ slams Trump ruling: ‘You might as well find guilty every real estate developer on Earth’

[martybegan]

She has no shame and will continue her ignorance until you walk away exhausted. Don't you have some dryer vents to clean out? More productive use of your time.

 

[Orangecat]

You really shouldn’t get your news from Tim Pool. He doesn’t know what he’s talking about.

And you do? That's adorable.

 

[Marener]

It doesn't matter whether they were or not, because that really has no contextual meaning in relation to the loan in any case. Do you think that everything pertaining to this transaction was discussed at trial?

I think everything relevant to the accuracy of the valuation of Seven Springs was discussed at trial.

You were the one speculating there was an agreement to build the mansions on the property which would be the only way that they could use the inflated value of the property.

The point here is that Trump listed a value of Seven Springs as though it had seven mansions built on it when in fact there were no mansions and they could not be legally built.

Lying about the value of your assets would be fraud.

 

[Orangecat]

And those loan officers would not have gotten their commission… which explains why those loans were granted

Conspiracy theorist grasping^^^

 

[Lesh]

Just like you never do?

No, it's not fraud, if you're stupid enough to pay for a piece of property that you failed to verify value on, then that's on you.

I just sold a house for 25K over asking for cash, no inspections, no appraisals, nothing. If the property isn't worth that, I have committed no fraud by selling it for that price. You really have no understanding whatsoever of the real estate business.

If you made false claims about that property in order make that sale you could be sued.

If for instance you claimed that there was oil under it and there wasn’t, you have committed fraud unless you come up with credible reports that show you were in good faith

 

[Marener]

a negotiated value for collateral is not false.

follow, but not be limited directly to. Again, it's a negotiation between two parties, and if they agree on a value for collateral, that's the agreed upon value.

Is the bank claiming they were defrauded?

This isn’t a negotiation. It’s a financial statement which is required to be accurate.

 

[martybegan]

This isn’t a negotiation. It’s a financial statement which is required to be accurate.

it's a position on a negotiation for collateral on a loan.

The value shown by the position is up to debate between the parties entering the contract.

 

[Marener]

it's a position on a negotiation for collateral on a loan.

The value shown by the position is up to debate between the parties entering the contract.

A financial statement is not negotiable.

 

[martybegan]

A financial statement is not negotiable.

Then I guess every house has to be sold at the appraised value for taxes then right?

No negotiation allowed.

 

[Orangecat]

It doesn’t matter. If he got a loan at a lesser rate the bank lost money

Unless the rate is negative, the bank lost no money. Math.

 

[Marener]

Then I guess every house has to be sold at the appraised value for taxes then right?

No negotiation allowed.

That makes absolutely no sense.

Prices to buy a property is absolutely negotiable.

A financial statement isn’t negotiable.

 

[martybegan]

That makes absolutely no sense.

Prices to buy a property is absolutely negotiable.

A financial statement isn’t negotiable.

It's used as part of the negotiating process, if you mean an appraisal, which aren't done by just one group or company.

What "financial Statement" do you keep referring to like an autistic lemming?

 

[Marener]

It's used as part of the negotiating process, if you mean an appraisal, which aren't done by just one group or company.

What "financial Statement" do you keep referring to like an autistic lemming?

The statement of financial condition, dipshit.

The generally accepted accounting principles has rules about what you can and can’t include on your statement.

Yes, the statement is used as part of the negotiating process, but it is still required to be accurate.

 

[martybegan]

The statement of financial condition, dipshit.

The generally accepted accounting principles has rules about what you can and can’t include on your statement.

Yes, the statement is used as part of the negotiating process, but it is still required to be accurate.

standard practices, not legal conditions.

Which is why they had to erroneously apply this law, and not the laws related to such documents directly.

Required by who?

Also for the requirements, do they apply to sales only, or to things like collateral?

All questions ignored by your ilk when talking about this abused law being used to punish Trump for political reasons.

 

[Marener]

standard practices, not legal conditions.

Which is why they had to erroneously apply this law, and not the laws related to such documents directly.

Required by who?

Also for the requirements, do they apply to sales only, or to things like collateral?

All questions ignored by your ilk when talking about this abused law being used to punish Trump for political reasons.

Yes, legal conditions, because if you’re not following the rules it’s fraud.

Words have meaning. You can’t just decide words mean different things.

 

[Yarddog]

Not really.

My analogy would be you walk down a street full of drug dealers, and you knock on the doors and we go "we're checking your house for drugs".

Everyone knows Trump is as dodgy as hell. Going after him is done knowing full well he's guilty of plenty of crimes, you just need to figure out how to get him for them.

Like with Pablo Escobar, they knew he was a drug lord, but they couldn't get him for anything. So they went after him.

Your analogy would be "we can't go after Escobar, let him carry on doing what he does"

And this is the crux of your problem here in your comment below. Ahh right so innocent until proven guilty , does noy apply to certain people. And most people feel this way because of what they got from the media which had been an extension of the Democrat party and intelligence agencys that were leaking information to segments of the news media.
The fake Russian dossier for one. All bullshit but played over and over again with Democrat politicians expressing it as fact. AND now we know, Trump is guilty of all kind of crimes! we just have to find out what they are !

And there you go. This is how you try to take down a political opponent if you live in a bannana Republic.
How about you all stop trying to take us there?

Everyone knows Trump is as dodgy as hell. Going after him is done knowing full well he's guilty of plenty of crimes, you just need to figure out how to get him for them.

 

[Nostra]

Already explained above. Keep up

Your scenario is a hypothetical, so there were no real losses, Moron.

 

[Orangecat]

Seeing as how I remember the subprime mortgage crisis from 2008, banks sure can do lots of stupid things.

Again you show your ignorance. The banks did the smart thing. Why? Because the government basically agreed to bail them out in exchange for lowering their lending standards. No risk, all reward.

 

[Orangecat]

Moroner's taking an ass-beating here. Too funny.

 

[Nostra]

If the valuation was based on a fact which is untrue, then it is a lie. Trump used false information to base his valuations on. False information like the nonexistent mansions, the lack of rent control, nonexistent licensing deals, nonexistent approval to build additional homes.

Theres lots of subjectivity in appraisals, but there are also facts. Trump lied about those facts.

Irrelevant. Once Trump submitted false information, it was fraud.

Irrelevant. See above.

Irrelevant. See above.

You have zero knowledge of what happened between Trump and the bank and refuse to educate yourself.

I never claimed to be able to do so and it is also irrelevant.

Trump told the banks what he thought they were worth, the banks decided what they thought they were worth.

Any difference of opinion there isn’t fraud, Simp.