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2024-02-27 Government Corruption

Trump files to overturn 'egregious' $454M civil fraud judgment that found he inflated wealth to fool banks

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Posted by Fred 2024-02-27 00:00|| || Front Page|| [22 views ] Top

#1 This legal has damaged the business prospects for the entire state of New York. We will now see whether they insist on lighting the wreck on fire.

Posted by Super Hose 2024-02-27 11:21|| 2024-02-27 11:21|| Front Page Top

#2 Every time someone inflates an value to get a loan, the bank is a willing participant. You get the money that they have to lend out to make profit, and they get to book your debt as an asset.

Posted by ed in texas 2024-02-27 12:29|| 2024-02-27 12:29|| Front Page Top

#3 Seems like a bank would love to loan out more money on a guaranteed payback.

Like when The Fed backstops 'certain high risk loans', or when Hunter overdraws.

Hey, you know who else does this? Property Tax evaluators. Then you get it again with Value Gained Tax. I'd bet there are some real 'gems' of property in New York which are, politely, way over valued according to the tax man.

Posted by swksvolFF 2024-02-27 12:41|| 2024-02-27 12:41|| Front Page Top

#4 I'm a former federal bank examiner. It doesn't matter what a loan applicant values his assets at--no competent lender will loan on that. Instead they make THEIR OWN independent analysis, usually involving an independent or semi-independent appraisal process.

Posted by Crusader 2024-02-27 13:02|| 2024-02-27 13:02|| Front Page Top

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