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Why didn't you go tell all that to the judge? I'll bet he would have paid more attention to you, an anonimous cult member on the internet, over his years of study and experience, and the law.No he didn't
And statute of limitation is over
The share holders were given a smaller amount of profit than they were entitled to.No there are not
No tax payer contributed to Trump's loan
The banks were repaid with interest
The shareholders were given their percentage of profit.
So no numbnuts there is no victim
With exception of wasted tax payers money on this political hit job.
The judge is a leftists the appeals court will handle his bitch assWhy didn't you go tell all that to the judge? I'll bet he would have paid more attention to you, an anonimous cult member on the internet, over his years of study and experience, and the law.
Because the banks have the shareholders less is Trump's fault how?The share holders were given a smaller amount of profit than they were entitled to.
Dumb fuck the bank got their money back with interest. They want to do business with Trump againLook here you stupid shit. Yes, the banks lost money. How hard is it to understand? From the court ruling,
In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements.
Again, how hard is it to understand that the banks would have charged a higher interest rate if they would have known the true value of Trump's assets. The money they lost is the difference between what the rate should have been and what it was.
Another example. You take out a personal loan at the bank, but it is a secured loan, meaning you have to have collateral. You tell them you have a completely restored 1966 Corvette stingray, and you give them pictures of a completely restored Corvette stingray that you pulled off a Barrett Jackson auction catalog. And it is true, you do own a 1966 Corvette stingray, well, at least the body, which is all rusted out, the engine is blown, transmission was parted out, and it is sitting on blocks in a barn at the back of your property with no tires and no rims.
You make all the payments, hell, you pay early. But the bank finds out the true "value" of the Corvette you own. What the fawk do you think the bank is going to do. Go no harm, no foul, we got our money? Hell no, at best, they are just going to call in the loan. At worse, they are going to retroactively implement the correct interest rate, require back payment and if you don't comply, they are going to come get your bucket heap, sell it for scrap metal, and charge you for the money they lost, including the retroactive increased interest rate.
But actually, this court case reveals a huge problem with our current financial laws. See, prior to Ronald Reagan, well Trump would be free and clear. He wouldn't have to pay one damn dime, the accounting firms he used would be the ones on the hook for the penalty. Ironic that is the excuse Trump attempted to make a trail. "The accounting firms certified the statements". But during the Reagan administration they removed the stipulation that held accounting firms responsible for inaccurate statements. Today, it is like this.
So, a company is looking for a new CFO and they call people in for an interview. In the interview the CEO asks one question, "What is 2 plus 2?" The applicant responds, "4". The CEO, "your dismissed". It happens again and again, and then this dude shows up and when asked the question, "What is 2 plus 2?", He responds, "what do you want it to be". YOUR HIRED. That is precisely what happened here.
You are confused, and I don't have much training or experience dealing with hard core crazies. You'll have to ask your therapist.Because the banks have the shareholders less is Trump's fault how?
No since I know fraud has a statute of limitations of 6 years class dismissed.You are confused, and I don't have much training or experience dealing with hard core crazies. You'll have to ask your therapist.
Cool. You should catch the first bus heading that way, and inform them of their mistake. I'm sure they will appreciate you explaining what really should happen. Be sure to take your tinfoil hat. No telling when you might need it in the big city, and I'm sure it will impress all those judges you will be educating.No since I know fraud has a statute of limitations of 6 years class dismissed.
Banks got their money back with interestPlease, study a little bit about "opportunity cost".
I don't have to I will sit right here to watch you bitch and whineCool. You should catch the first bus heading that way, and inform them of their mistake. I'm sure they will appreciate you explaining what really should happen. Be sure to take your tinfoil hat. No telling when you might need it in the big city, and I'm sure it will impress all those judges you will be educating.
The only money the taxpayers lost was the cost of the court case. The shareholders of the banks MADE money because the banks did what they always do, they independently assessed the risk/return of the loans to Trump.There are victims. The taxpayers, the shareholders of the bank, etc.
There wasn’t any tax fraud. The tax assessor makes its own assessment of the value. They don’t take any input from the owner at all. If you had ever owned any real estate you would know that.Keep up, This wasn't just bank fraud, it was tax fraud too.
Not only does the absurd judgment by the clown judge Engeron violate Trumps's 8th Amendment rights, it is also based on a statute that is unconstitutional.
Making the entire trial an obscene play. Lead by an obscene judge who really cares nothing for the oath he swore.
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www.enzuzo.com
The only money the taxpayers lost was the cost of the court case. The shareholders of the banks MADE money because the banks did what they always do, they independently assessed the risk/return of the loans to Trump.
Who was harmed and what were their losses?That amount was based on the amount of fraud documented in the trial.
It doesn't violate anything.
DERP
Nope. In fact, the 355 Million fine against the Trump organization isn't even the biggest Corporate fine in history.
- Bank Fines: The 15 Biggest Compliance Fines
- Binance Violates the Banking Secrecy Act — $4.3 Billion
- The AML Program That Wasn’t — $1.256 Billion
- The MAN Group’s Poor Trading Oversight — $1.312 Billion
- JPMorgan Chase & the Biggest Ponzi Scheme — $1.7 Billion
- SAC Capital Advisors & Insider Trading — $1.8 Billion
- Credit Suisse & Tax Fraud — $2.5 Billion
- LIBOR Price-Fixing Scandal — $2.5 Billion
- Wells Fargo’s Phantom Accounts — $3 Billion
- Wells Fargo & Rampant Mismanagement — $3.7 Billion
- Credit Suisse’s Toxic Asset Sell-Off — $5.3 Billion
- Goldman Sachs & the Pilfered Malaysian Coffers — $5.4 Billion
- Deutsche Bank & SMC — $7.2 Billion
- BNP Paribas’ Money Laundering — $8.973 Billion
- JPMorgan Chase & SMC — $13 Billion
- Bank of America & SMC — $30.6 Billion
15 Biggest Compliance Fines ($1Billion and Above)
Look at the biggest compliance & bank fines from 2012 to 2022, involving Western financial institutions like the Bank of America, JP Morgan, and more.
Who was harmed and what were their losses?
Has nothing to do with the fine against Trump.
Sure it does. It shows that a 355MM fine isn't "cruel and unusual", as other corporations have gotten hit with bigger fines.
The only difference is those are publicly traded companies, as opposed to Trump's, which is owned by him.
A publicly owned company wouldn't have gotten into this kind of trouble.
Nope. Those are regulated financial institutions, and they settled with authorities to begin with. Nothing to do with the Trump fine.
