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Trump unable to get $464m bond in New York fraud case, his lawyers say


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6 hours ago, Chomper Higgot said:

The Republican led Congressional Investigation did just that.

 

They spent $millions of tax payers money and came up with a big fat juicy nothing burger.

 

Meanwhile Trump supporters have absolutely no problem if the money trail to Trump leads all the way back to Russia or Saudi Arabia, so long as the paper work is legal.


Quite good at research and voicing your “expert” opinions.

 

The Planet Fitness thread is waiting for your due diligence.

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2 hours ago, LosLobo said:

The '$3.5 billion stake is unlikely to immediately help Trump because he and other big shareholders are subject to a so-called "lock-up" provision that bars him from selling his stock for at least six months'. 

 

 

Yes, I didn't mean to imply that this stake was "liquid", but someone (Jared, Jeff Yass, Saudis) might be convinced to pay him $500 million today for a stake which might be worth $750 million, once all the hurdles are overcome. Certainly no more risky than taking potentially encumbered real estate?

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4 minutes ago, Walker88 said:

trumpers never get it, and never will get it. Any legitimate and legal action taken against their messiah is blasphemy.

 

There is a plainly stated law in NY that lying on any loan application or insurance application is a crime, whether or not a "victim" exists. It exists as a backup to due diligence, so as to minimize the chance banks---who take in public deposits and have a fiduciary responsibility to protect those deposits---lose to fraudulent and lying borrowers like trump. Similar for insurance companies.

 

If a fraudulent borrower stiffed a bank, and the bank went bellyup, the depositors who lose their funds (FDIC insurance is limited, and at the time of trump's fraud was a mere $100,000) would be hurt. THAT is why such laws exist: as additional security to the system and faith in that system. The entire world's financial system is based on little more than confidence....confidence that funds depositors put in banks are safe and will be handled properly. Laws against fraud spread some of that risk away from banks on to borrowers. Fear of punishment should make borrowers behave, thus adding strength to the system. trump misbehaved and thus faces punishment.

 

Second, there are actual victims....banks should have received a higher interest rate to compensate for the actual risk. That they were repaid (except for the 6 bankruptcies) does not change the fact that they were under greater risk than they perceived, because of trump's lies. Shareholders also are victims, because if trump had paid interest commensurate with the risk, the bank would have earned more and shareholders would have had ownership of a more valuable asset (bank earnings).

 

If lying on loan applications is not punished, what is the point of even filing one? Just walk into a bank, tell them your name and how much money you want, and let them do everything else. Maybe in a small town bank where everybody knows everybody, that could work, but not in a major city.


And your point is what?

 

Trump paid back his loans to the banks.  Banks didn’t have an issue.

 

Just like most people unless you have student loans.  You still have yours?  Paid off or waiting for Uncle Joe’s promise in exchange for your vote?

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4 hours ago, candide said:

Falsifying business records, issuing false financial statements, conspiracy to commit insurance fraud and conspiracy to falsify business records.

in summary: fraud. 😃


You’re the other one we’re waiting for on the Planet Fitness thread.

 

Put as much effort into that thread as you do this one.  

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1 hour ago, G_Money said:

 Paid back in full with interest.  Completely legitimate.

 

Nice try.

Interest based on fraudulent figures. Illegal.

Also insurance fraud and tax fraud. Both illegal.

Edited by FritsSikkink
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4 hours ago, candide said:

Falsifying business records, issuing false financial statements, conspiracy to commit insurance fraud and conspiracy to falsify business records.

in summary: fraud. 😃


Isn’t Microsoft Word great!  Enabled you to produce official looking text.

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1 minute ago, G_Money said:


You’re the other one we’re waiting for on the Planet Fitness thread.

 

Put as much effort into that thread as you do this one.  

As usual, you have nothing. N.Y. law was applied. You're not trying to make up what laws, are you? 😄

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1 minute ago, FritsSikkink said:

Interest based on fraudulent figures. Illegal.

Also insurance fraud and tax fraud. Both illegal.

 Fraudulent posts..  illegal 

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3 minutes ago, candide said:

As usual, you have nothing. N.Y. law was applied. You're not trying to make up what laws, are you? 😄


That bloke on the Planet Fitness thread really needs your support.

 

As much as you support Biden.

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55 minutes ago, Walker88 said:

trumpers never get it, and never will get it. Any legitimate and legal action taken against their messiah is blasphemy.

 

There is a plainly stated law in NY that lying on any loan application or insurance application is a crime, whether or not a "victim" exists. It exists as a backup to due diligence, so as to minimize the chance banks---who take in public deposits and have a fiduciary responsibility to protect those deposits---lose to fraudulent and lying borrowers like trump. Similar for insurance companies.

 

If a fraudulent borrower stiffed a bank, and the bank went bellyup, the depositors who lose their funds (FDIC insurance is limited, and at the time of trump's fraud was a mere $100,000) would be hurt. THAT is why such laws exist: as additional security to the system and faith in that system. The entire world's financial system is based on little more than confidence....confidence that funds depositors put in banks are safe and will be handled properly. Laws against fraud spread some of that risk away from banks on to borrowers. Fear of punishment should make borrowers behave, thus adding strength to the system. trump misbehaved and thus faces punishment.

 

Second, there are actual victims....banks should have received a higher interest rate to compensate for the actual risk. That they were repaid (except for the 6 bankruptcies) does not change the fact that they were under greater risk than they perceived, because of trump's lies. Shareholders also are victims, because if trump had paid interest commensurate with the risk, the bank would have earned more and shareholders would have had ownership of a more valuable asset (bank earnings).

 

If lying on loan applications is not punished, what is the point of even filing one? Just walk into a bank, tell them your name and how much money you want, and let them do everything else. Maybe in a small town bank where everybody knows everybody, that could work, but not in a major city.


Perhaps you will be reinstated for a special mission.  Wet Work!  Or are you permanently banned?

 

https://www.foxnews.com/media/carville-advises-biden-others-wet-work-against-trump-take-guy-out

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