Trump Second Term Tracker

yimyammer

yimyammer

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touchdown said:
nypost.com

Trump’s massive $500M civil fraud fine in AG Tish James’ case thrown out by NY appeals court

A New York appeals court Thursday has thrown out the massive $464 million judgment dealt to President Trump after he was found liable at a civil trial for business fraud.
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That case was a pile of :poop1: :poop1: :poop1: and while I didn't read court transcripts to say this with 100% certainly but if the facts are as I understand them to be, this case should have never gone to trial. This case is in my wheelhouse in that I did what Trump does and borrowed money from banks all the time to build spec homes. I'd have battles with the appraiser and bank all the time over the value used for the loan and they were ALWAYS wrong (meaning I sold the houses for hundreds of thousands over their appraised value) but they want to be conservative because they limit the loan to 60 to 70 percent of the appraised value so if they can understate the value in the appraisal, their effective loan to value ration is even lower along with their risk plus appraisers don't get in trouble for understating values, the risk is always in overstating values, so their default position will be conservative.

Trump valuing his project higher than the bank isnt fraud, its merely a difference of opinion. In regard to the property tax value, that is determined by the state or city and then the property owner or their consultant can argue the value. Plus there's always a natural tension between wanting a lower value for tax purposes and a higher one for loan purposes. At the end of the day, both the bank and the city determine the final value making it next to impossible to fraudulently effect this figure unless someone is on the take or their is an inside person who could change the numbers.

Alternatively, when Shifty Shift has his homestead in a different state than California and misrepresent this on a loan application, that isnt a difference of opinion, its an easily verifiable lie, same with Letisha James if she actually understated the number of units in her building and claimed her father was her husband on the loan application.

I bet less than 500 people in the entire country understand the facts of the case and how things work in real estate yet you have people losing their mind over :poop: they're completely ignorant of and lack any understanding
 
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