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Walker88

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Everything posted by Walker88

  1. Well, trump does have that 4-word slogan that has more words than his cult has frontal cortex neurons I would be willing to make a sizable bet that the average trumper would test 20 points lower on IQ tests than non-trumpers. The higher the IQ, the less likely anyone would clamp on to things like QAnon (trump has at least 99% of them), microchips inserted via vaccines, the Bill Gates/George Soros endless conspiracy theories, Pizzagate, watch Fox-OANN-Newsmax, buy trump NFTs or pieces of his Georgia arrest/booking jacket, or even think trump is..."like really really smart...and a stable genius". No, one has to be asymptotically approaching the moron level of IQ 70, or even within shouting distance of idiot IQ 50 to be a trumper. Look at his rallies and the kind of folks those draw....
  2. Yes, because who likes a booming economy, massive job increases, infrastructure being repaired, NATO rebuilt, and low prescription drug prices. Let's bring back that trumpian American Carnage of increasing unemployment, exploding Federal Debt, Recession, epidemics gone wild...and let us not forget---the wondrous medical benefits of injecting disinfectant!
  3. Despite all the back and forth on this, and the constant whining by his goobers, there is a simple glorious truth: ---trump has to pay or post $550 million even if he appeals (Includes $88.3 million owed to Ms Carroll) ---trump does not have the money ---No way any surety or bondsman fronts trump the cash; credit risk is way too much ---If trump sells assets to pay or post, he incurs capital gains tax at Fed, State and Local level, plus he must extinguish the mortgages; that means a huge fire sale with vulture capitalists waiting to pounce on the cheap ---trump cannot even write a check to pay his water bill without the approval of the woman appointed as monitor of his business ---Appeals have little chance of success, as the NY law--State, not Federal---is quite clear, as are trump's egregious violations of those laws as evidenced in Judge Engoron's 92-page decision ---trump still incurs additional interest while appealing, and interest on $550 million at current TBill rates of 5.22% adds up ---trump will pillage the RNC war chest for ongoing legal expenses, hurting the chances of Repub House and Senate candidates in November ---Only his cult will be donating their $5 and $10 kids' milk money; large Repub donors aren't that stupid ---All while trying to figure how to come up with $550 million plus, trump will be facing several criminal trials, including the Stormy Hush Money Trial, the Stolen Documents Trial, the 6 January & Fake Electors Trial, the Georgia RICO trial, the Capitol Police Officer Trial where he's being sued for the injuries cops incurred by trump's terrorist brigade (civil), an IRS Audit where experts say he might face a $100 million judgement against, and---just for kicks---being sued by former lawyer Giuliani for non-payment of legal costs incurred (civil)
  4. There are some inconvenient truths regarding the blowhard loser trump, especially with regard to the border: -There were fewer border crossings under Obama than under trump -More illegals were deported under Obama than under trump -trump promised a wall along the entire border, paid for by Mexico -For his first two years, trump had a Repub House and Senate, yet got nothing done, i.e., 100% trump's fault -After 4 years, less than 5% of the border had a "wall", i.e., abject failure by trump -Mexico paid not a single peso -Even the tiny wall sections built under trump were repeatedly breached by migrants -7 October along Gaza demonstrated how the most dangerous of border crossers (i.e., not the young mothers who walked with her 2 kids 1000 miles from Guatemala) can obviate any 4th Century-style wall -The ONLY reason no border improvements are being done now is because trump's cult in the House is doing trump's bidding and wants the border to be an election issue Bottom Line: trump failed while President and is blocking any solution now
  5. The stock market performance under Obama dwarfed trump. Obama inherited nearly 10% UE and left trump 4.8% UE and a growing economy, recovering from the worst financial crisis since the 1930s. trump left Biden 6.8% UE and a Recession...but did give us Covid 'hope' by telling us to inject disinfectant. trump also increased the 240 year total National Debt by 41% in just 4 years, a staggering $8,400,000,000,000, which subsequently caused inflation. That debt also dwarfed the total GDP change during trump's tenure, meaning even the meager growth was debt-driven, not organic growth.
  6. You guys don't seem to get it. You somehow equate your little house and its pittance of a mortgage to borrowing a $billion and claiming assets you try to value at 12 times their actual value, as if your $250K single family home is worth $3 million. Banks that make home mortgages tend to be very local and intimately involved in their communities., They have a good idea what the value of properties are. When assessing a loan application on a $500 million building, and looking at pledged collateral, lots of complex things enter into it....age, size, vacancy, lease agreements, lease tenure, potential new buildings in the area which will compete, potential public works in the area, fire codes, asbestos, structural integrity...a bazillion things. Banks have credit analysts who do some due diligence, but also must rely on what the loan applicant writes and swears to---UNDER PENALTY OF LAW. If a bank messes up, shareholders or bank regulators can become involved, but there is no statute on the books that demands a bank perform due diligence according to specific rules. There are, however, specific rules regarding the truthfulness borrowers must exhibit when submitting an application. FDIC, remember, backs deposits, so there is a public concern that loan applicants be truthful. Absent the expectation the loan applicant tells the truth, what would be the purpose of any application? Why even bother, if the potential borrower can lie through his teeth, as trump did for years? The laws are specific. trump knew them. He lied. He lied bigly, as in claiming something vlaued at $14 million was actually worth $161 million. Given the a ctual risk, banks should have recieved a greater risk premium. Shareholders should have seen higher bank income. Judge Engoron had the ill-gotten gains added up and now requires trump to disgorge those ill-gotten gains. It isn't because he's running; it's that trump's lies were so egregious and consistently fraudulent that he must be punished. No other RE person in NYC even remotely approaches the fraud of trump. Snowflakes claim it's all a witchhunt, but it is upholding the law. They arte incapable of accepting the fact that their messiah is a total fraud, for they live vicariously through him. If he is exposed as a crook and a loser, that leaves them with nothing.
  7. You are trying to equate nickel and dime stuff with major properties. You are also ignoring the fact that laws exist whereby loan and insurance applicants are required to be truthful, and to sign attesting to that. It's pretty easy to assess the value of a 3 br single family home in a bedroom town outside cleveland. It's a lot more complicated to assess value of a 60-story commercial tower, plus go over each and every lease, in order to assess value. It's like in 2008 when MBSs were all the rage, and no bond buyers went through each individual mortgage that makes up the various tranches of the bond. A few sharp fund managers did do that, and shorted the MBSs, making $billions. To give an example that trump's fraud was not merely doubling value estimates, in the judge's ruling he notes a property trump valued at $14 and then $161 million literally days apart. That level of lying, and then signing it attesting it is accurate to the best of your knowledge, is why the penalty was so big. As for due diligence, there is no law that banks must get valuations in minute detail. They are allowed to rely on the attestation of the loan applicant. The punishment for failure to do due diligence is done by shareholders, who can sell off the stock of a bank that is reckless. There IS, however, a law that says a loan applicant must be truthful to the best of his or her knowledge. $14 million vs $161 million in a matter of days is a rather egregious violation of that law. That is only one example.
  8. You really are not in touch with reality. You can do some homework by Googling for NY State probate records, just to get started. trump inherited $412,000,000 from his father. That doesn't exactly qualify as a "self-made man". According to his niece Mary, trump also began getting an allowance of $200,000 per month from dad from the time he was 3 years old until his dad died. That amounts to over $100,000,000. Also, dad co-signed every loan trump got back when major banks still loaned him money. You might also want to take a look at his NJ casino history. He both issued junk bonds and---after dad co-signed---got funding from a syndicate of 72 banks. The junk bonds and syndicate loan were not personally guaranteed, but were collateralized with the casino/hotel properties themselves. At that same time trump had loans from NY banks that had a personal guarantee. He was having trouble servicing those loans, so he paid himself a massive salary from his NJ casinos, and then used that to service the personally-guaranteed NY loans. For one payment he could not meet, his dad walked into one of the NJ casinos and bought $3.4 million in chips, the money was then used to service the NY loans. Here's one of many sources stating the same thing: https://www.dailykos.com/stories/2016/5/12/1525797/-1991-Trump-s-Dad-Buys-3-4-Million-in-Chips-From-His-Son-s-Casino-but-Never-Plays-a-Hand trump eventually declared bankruptcy for his NJ casinos and hotels and defaulting on both the loans and the junk bonds. Oh, and he stiffed many of the subcontractors. Some creditors got 30 cents on the dollar, others nothing. Googling NJ courts will give you all the details on his disasters there. Now we see even in his NY RE, he engaged in an unprecedented level of fraud. Successful businessman trump is not. Without dad, donny might have been qualified to pour Slurpies at a 7-11 at a truckstop in Keokuk, Iowa, but little more.
  9. Fox comedian Sean Hannity devoted 85 episodes of his nightly stand-up gig to "Hunter and Joe's corruption", all based on the lying informant. 85 episodes. So far, after the revelation that the informant made it all up, not one retraction from Hannity. Zero. That's what might be called an Inconvenient Truth. Even Rosanne Rosannadanna would have said, "Never Mind".
  10. Very spurious example. There is a rather significant difference between applying for a loan or insuring a small, single family home vs taking loans or insuring major commercial buildings, golf courses and 40+ story condos. Banks must rely on what loan applicants submit to a certain extent; otherwise, why even bother with an application? Just tell the bank "I want $500 million, please." If you or any other trumper actually read the court transcripts and the 92-page judge's ruling, you would see trump's fraud is on an unprecedented scale. One example: trump and his 2nd son signed off, attesting to the veracity, of a large mansion in NY State where they valued it at $14 million, and shortly thereafter valued the exact same property at $161 million. They also tried to claim development value, when zoning prohibited any other use. That is fraud, nothing less. As I wrote to another poster, go ahead and find another NYC RE guy who fudged even 10% as badly as trump. Oh, and I'll accept your guarantee that because of this ruling "a lot of business is going to leave NY State". As for the Supreme Court, no. This is a State matter, not a Federal matter. Any appeal is to NY State courts.
  11. There you go again. Marxist. Silly. You really have no clue what the word means, do you? Applying the law equally to all is not the definition of Marxist. Perhaps you missed a bit in your schooling regarding ideologies, civics, law, etc. Oh, and the US Constitution.
  12. Perhaps you are unaware that judges have the right to vote. Party affiliation doesn't equate to bias, except in the minds of losers. How about the corrupt Clarence Thomas and his QAnon wife? Should Thomas be allowed to rule on anything trumpish? How about Gorsuch, the crazy Catholic woman and the Yale fratboy, all three of whom trump appointed?
  13. The word you are looking for re Lacessit is "intelligent". Happy to help.
  14. JFC, do you even know what the words you use mean? "Bolsheviks"? If can handle it, read the 92-page ruling. It details trump's massive criminality and fraud. John Gotti would tip his hat to donny. If you really cared about the "Republic", you would not support a clown who tried to overthrow it. Oh, you mean he called his goobers to DC on 6 January to get deals on souvenirs? He sent them to the Capitol to take selfies as Pence certified what trump's own tech tsar called 'the freest and fairest election in US History'?
  15. No. Not even close. Perhaps if you went to read the 92-page ruling, you would see how egregious trump's fraud was. Perhaps you can find another NYC RE developer who even fudges at 25% the level trump faked his asset values. Okay, even 10% as bad. I'll wait. Anybody else claim their apartment was three times its actual size and supposedly the most expensive residence, by far, in the entire history of the United States? As for "no victim", when rates were less than what the risk would demand, banks earn less, which means shareholders earn less than they are entitled to, which means pensions/insurers/individual investors earn less than they are entitled. The argument that "banks should do their own due diligence" is spurious. People SIGN loan applications attesting to their veracity. If banks shouldn't need to rely on what loan applicants submit, why even bother to have loan applications? Laws exist. trump either doesn't like laws or believes he's entitled to be above them. Sorry, the US has a Constitution that makes all equal UNDER the law, so.... ---No one can engage in bank and insurance fraud by lying about asset values and sign off attesting that the lies are true ---No one can steal TS, SCI, SAP, Codeword, SITK, HCS and RD docs, then lie about returning them ---No one can violate FEC laws by using campaign funds to pay off women the candidate has had an affair with ---No one can try to overthrow an election and deny Americans the right to have their votes counted ---No one can foment insurrection by calling supporters to a pro form certification of an election, nor send them to the Capitol to "fight like hell" If the US allowed trump's continual criminal activity to go unchallenged, then the US WOULD be like a Third World banana republic
  16. It's $463.9 million including interest...so far. Each day he fails to either pay or post (if he appeals), additional interest accumulates. Interest is also accumulating in the $83.3 million judgement in the 2nd Carroll defamation trial. If the 3 month TBill rate is used to determine interest, trump adds ~$78,250 more -per day to what he owes in the two judgements, or another $28 million if appeals drag out a year.
  17. It's actually worse than the headline number. In her press conference, NY AG James noted that the disgorgement for ill=gotten gains is 363.9 million, plus there is interest due from when the proceedings began, which (owing to higher interest rates in the last few years) totals an additional $100 million, bringing the total just from this fraud trial to over $450 million. Toss in the $88.3 million from the E Jean Carroll sexual assault and defamation trials, and it totals over $540 million---ALL of which must be posted if trump appeals, and paid outright if he doesn't appeal. Interest continues to accumulate as the days go by. trump could not get a surety even on the first $5.3 million to Carroll, when he filed an appeal, so no way he gets any bond on $540 million. trump cannot mortgage any existing properties for any equity he might have in those already-mortgaged assets, as part of the ruling is that no NY chartered bank is allowed to do business with him for 3 years. trump has already sold some non-NY assets---according to NYT's reporter Ross Buettner, who has seen 20+ years of trump's tax returns---so even if trump sold some of his NYC assets (requiring the approval of the court-appointed monitor), he has to pay capital gains taxes and repay outstanding loans. trump doesn't own enough to cover the $550 million---and that presumes potential buyers, knowing how desperate trump is---won't low ball him. According to Buettner, trump was almost belly up until getting his game show earlier in this century, which gave him $51 million in taxable income in 2011. Much of that money was needed to cover losses in many of his other businesses, many of which were losing money. As the game show faded in popularity and residuals disappeared, trump filed a return in 2018 noting only $3 million in taxable income (hardly suggesting "billionaire" status. Apparently trump also has an ongoing IRS audit that might cost him another $100 million in payments and penalties (noted in reporting on the msnbc website). In the lengthy decision released on 16 February, the court noted that trump was actually cash negative at many times, which required him to wildly inflate the supposed value of assets in order to meet loan covenants. Again, hardly "billionaire". Another part of the ruling is that the two older sons must disgorge the money they made on the sale of trump's DC hotel. Both guys must hand over $4 million each to NY. With legal fees estimated at already more than $50 million, trump is being hit for around $600 million total. The RNC doesn't have that kind of money in its war chest, and it's unlikely the $5 and $10 contributions trump can grift from individual cult members is going to cover that. Like the network or not, MSNBC online has some of the most in-depth reporting of what is in the ruling and what this means for trump. What I have written here comes from several parts of the msnbc.com website and the court-issued ruling. The entire lengthy court-issued ruling is also available via their website.
  18. Actually, democracy and rule of law are what's in our box. No need to go outside of that. I rather like democracy. I'm also smart enough to see a self-serving conman when I see one. I find it extremely satisfying that a clown who spent his entire silver-spoon-fed life getting away with criminality is being taken to task for his behavior. Kind of restores my faith in the system.
  19. The "billionaire" (sic) is already trying to grift off his goobers on this. He's already sending out appeals for money. Grifters gonna grift. Michael Cohen appeared on MSNBC stating trump doesn't have the money and doesn't have the equity in existing NY properties. Should trump try to raise cash by selling, he gets hit with capital gains at the Fed, State and city level, plus all of his stuff is mortgaged, so he has to extinguish the loans, too. That doesn't come close to being enough for some $435 million...so far. Also, trump couldn't even get a surety or bondsman on the $5.3 million (penalty plus interest) in the first Carroll defamation trial, so it's extremely unlikely he can get a bond on this decision and the 2nd Carroll defamation decision, both of which he must post if he appeals. No decision on any existing properties or business can be taken without the approval of the court-appointed monitor. The fact the monitor is a woman should really hit trump hard, and he must go to her to even write a check for the light bill in his 10,990 sf (NOT 33,000 sf) apartment. On pages 41-43 of the ruling, Judge Engoron notes that Michael Cohen, while convicted for perjury*, was truthful in his testimony at the trial. Cohen is also going to be called as a witness in the 25 March Stormy payoff trial. Cohen was smart enough to keep receipts and make tapes of phone calls with trump, so his testimony should be quite damning, as it was in the bank/insurance fraud trial. *Quite interesting is the perjury charge against Cohen. He was charged with stating he only spoke with trump 3 times about the Moscow Tower project. Cohen says trump told Cohen to say "only 3 times", because trump wanted to minimize any talk of Russia. Cohen did trump's bidding, but later said he actually discussed it 10 times with trump, so Cohen was charged with perjury. That is the full extent of his perjury---and it was at trump's request.
  20. In the hush money trial coming up in March, it will be such fun when the prosecution calls Stormy Daniels to the stand, and she is asked---for affair corroboration purposes---to describe donny's microjunk. Cameras are allowed in the courtroom, and that's going to make great TV, beamed around the world, with flashes to donny's face as Stormy repeats her earlier quote, "Not freakishly small, but well below average". Maybe the prosecution cannot call melania to the stand to corroborate, but #2 ex-wife Marla Maples can be called. trump turned the Presidency into a circus, so it's only fair his entire life becomes a circus. Two things that cut to donny's fragile core: money and his (lack of) manliness.
  21. In case anyone has forgotten, many of the Capitol Police Officers injured by the terrorists on 6 January are suing trump for damages, as they say he fomented the attack by 1) calling his goobers to DC ("It'll be WILD!") and then 2) firing them up with his lies on the Mall and telling them to "march to the Capitol" and "fight like hell". The terrorists own words in their own trials and convictions put the blame on the Bloated One. Ideally the officers win hundreds of millions in punitive damages, but at the very least the trial will cost donny millions in legal costs. Consequences, donny. As Everett Dirksen said---sort of---$5 million here, $83 million there, $364 million today, all those legal costs, and pretty soon it's real money.
  22. So selective, you trumpers! Most media---save for Fox Comedy and their ilk---have played the video many times of the Bloated One joking about others' misfortunes. Oh, perhaps you've also forgotten the 'fun' donny made of the disabled reporter who suffers from cerebral palsy? The cult is totally captured by their false messiah.
  23. I suspect even the Donor Class on the Right is going to stop writing checks to the RNC, since trump and his DiL plan on siphoning off the entire war chest to pay for what trump cannot afford. The RNC might as well put E Jean Carroll and Judge Engoron/AG James on their campaign fundraising letters. What will be fun to watch is how trump is going to service the SIVs he has through Deutsche Bank, as the lenders are Russian Oligarchs. I would bet some of them are right now saying "Stand Down & Stand Back" to Wagner Group knuckledraggers.
  24. Someone had to write that for him (he is incapable of genuine feelings as well as that sort of writing) after he made jokes about Rep Cummings at one of his endless rallies, as the comment was (obviously) seen as cold. Perhaps there's a tape of it, but you can search for that. His other cold comments appear in various books written by former staffers. trump is arguably---as many psychiatrists have stated---a psychopath, incapable of empathy. He also made jokes about Paul Pelosi, an elderly man smashed on the head with a hammer by one of trump's goobers.
  25. $364 million + $93 million for Ms Carroll + possible jail coming in criminal trials. donny, if you can't do the time and can't pay the dime, don't do the crime.
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