Pres. Trump is the first man in history to be fined by a court for paying back loans on time, with interest, to banks that want to continue doing business with him.
shareAny smart investor will now choose another state to setup shop. Why setup in a place where if you say or do the wrong thing the local government will tyrannically end you for no reason. Screw that.
shareSome businesses were already leaving NYC, this ruling will guarantee that more will follow.
shareNo, he's being subjected to the proper legal proceedings for lying on loan applications-
Trump and his companies engaged in a years-long scheme to dupe banks and others with financial statements that inflated his wealth.
A judge has ordered Trump and his companies to pay $355 million as a penalty in the case.
So you see, Mikey, if they let tRump get away with it, then the law is mute, and a large part of the banking industry would be very hesitant to grant new loans, and we would soon see another run on banks and another depression. I suggest you take an online economics course before you make an even greater fool of yourself.
Bullshite, he is been subjected to political persecution and election interference.
shareYou're not very bright are you?
There was no lying by Pres. Trump. He did what every real estate dealer, and in fact every negotiator, does all the time. When I go to sell my house, or my car, or my talent, I will always overstate the value with the understanding that the buyer will try to do the exact opposite to bring the price down. This is what we call NEGOTIATING. When a bank looks at loan applications they don't just take the applicants word for the value of their collateral. Banks have ASSESSORS who determine the fair market value of any property that is being used to get a loan. These banks obviously felt comfortable with Trump's numbers and loaned him the money based on that. Their money was paid back with interest which is why there were no banks filing complaints against Pres. Trump for these loans. The loans also created thousands of jobs in the NYC area. There were no damages to any banks, and there were no complainants who initiated this civil suit. The suit was brought against Trump by a prosecutor who ran on suing him.
Oh, and the judge's fine of $355 million is unconstitutional.
Do you have any idea how real estate works?? Seriously?? Please stop talking about something you know nothing about and allow Kevin O'Leary from SHARK TANK to explain it to you and if you still don't understand after all that then you either don't want to understand because it's Trump or you have 0 common sense??
https://www.youtube.com/watch?v=L-FbZH1Hfvo&t=65s
As a Trump hater who is disgusted with pretty much everything Trump says and does , I've got to admit I'm with the MAGAs on this one.
The title of the thread sums up why very well.
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TRUMP: 1st man ever to be fined by a court for paying back loans with interest!!
posted 6 hours ago by Mikey (402)
5 replies | jump to latest
Pres. Trump is the first man in history to be fined by a court for paying back loans on time, with interest, to banks that want to continue doing business with him."
🤨 I mean, isn't that something?? This man had to pay more for a victimless crime than O.J Simpson did when he lost a Civil Trial for murdering his ex-wife for Christ sake!!
How dare he.
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