GP: Deutsche Bank might have just blown up Letitia James’s civil fraud case against President Trump.
Radical Marxist New York Attorney General Letitia James is seeking $250 million in ‘damages’ when there is no victim in this fraud case and she is also seeking to ban Trump and his sons from operating any businesses in New York. She accused Trump of inflating his assets and defrauding lenders and insurance companies.
A Deutsche Bank executive who worked to approve at least one of Trump’s loans testified on Tuesday that it is “atypical, but not entirely unusual” to reduce a client’s asset values and still approve a loan.
This type of lending is typical in high net-worth, high-profile clients like Donald Trump. Anyone with basic knowledge of banking, lending, portfolio and credit risk management knows this. more here
blow me dindu
…if facts and laws mattered, we wouldn’t be here in the first place.
“…Michael Cohen, a known liar…”
…whatever else you may think of President Trump, he’s apparently a TERRIBLE judge of character and many of his problems both in an out of office come from him making bad picks and trusting wholly untrustworthy people.
If he does, by the Grace of God, somehow again attain the office that was fraudulently taken from him again, he’s going to have to do better or he will be hamstrung for 4 more years all over again.
1) Was he solvent at the Time?
2) Was he solvent as President?
3) What was the value at the Start of The Lawsuit?
4) What is the Current value as of Yesterday?
& apparently as Elon Say’s, “FUCK OFF!”
I don’t see how this damages the case vs Trump at all. The Bank admitted that Trump overstated his asset values – which James says is a fraud under NY law. The Bank was not fooled and reduced the values in deciding to loan.
If you do not fall for a fraud, that does not mean no fraud existed, or was intended.
But the NY law – as I have read about it – does not require intent to defraud, or injury. The fraud exists independently. The Judge has already ruled that Trump committed fraud according to this law and must dissolve his businesses. This part of the trial is only to decide money fines.
but on the other hand, those American Tourister suitcases could really take a stomping
As the banker said, the asset valuation is “just an opinion, and opinions differ”. But facts, and evidence, and testimony do not matter; this corrupt judge made up his mind before the trial even began.
“law” is whatever a pedocrat robe-dindu pulls out of its ass
As a former lending officer in a mid sized regional bank, I can attest that the Deutsche Bank executive is absolutely correct. Especially with commercial loan customers. Customer estimates that the value of their buildings/cows/future crops/inventory/etc is XXX$. This is always a fluctuating (estimated) amount and the “bank” will take this into consideration and come up with an estimate of XX$ instead. As long as the total debt to estimated value is within reason and the client doesn’t have a bad history and the collateral can be secured….who cares!!
Banking 101.
President Trump went into office too trusting, but I’m sure he didn’t want to be the Bull in the china shop. I’m pretty sure that now he feels: Burn me once, shame on me. Burn me twice, shame on you! He’ll go into office the second time with the attitude” We’ll work up a Number 6 on ’em… where he destroys the Chyna shop!
Peekaboo? Isn’t that kind of like using the “N” word? Meaning something but without say it.
i don’t give a shit if a n does not like the “n-word”, blow me
No word yet on colleges charging Rolls Royce prices for Yugo degrees.