Eric really is that stupid

Stupidity is front and center..

 

Fake news. The bank has their own appraisers, they made the loan, it was good loan, the entire loan was paid back with interest which was all the bank wanted. The bank isn't unhappy, just the crooked prosecutor and this rather stupid election fixing judge that doesn't know the difference between market value and assessed value.

Have you ever refinanced or financed a home loan?
Has the bank EVER asked you the assessed value? Why no, because only an idiot would think that was important. Ergo, this Judge is an idiot, or he's a liar and trusts that his audience is filled with idiots that don't understand the mockery of justice that is his ruling.

And the election fixing appears to be failing. Did you know that Trump is now 11.1 points ahead of this point, last election cycle? It looks like those Chickens are coming home to roost!

 

I like how after Eric said he didn't have any knowledge of the appraisals the prosecution produced numerous e-mails showing Eric's concern over appraisals. Good thing for Don's offspring this isn't a criminal case.

 

I wouldn't know. I've put numerous posters on ignore who deflect from thread topics critical of Trump.

 

Trump defenders bending over backwards to defend Trump.

I don't know what more to say that hasn't already been said.

Bottom line, Trump and his sons have already been found liable for fraud. This judgement will not be overturned on appeal. Trump's testimony today is just going to make it worse for himself.

 

I doubt you'd put Trump naysayers on ignore

 

The case is ridiculous. Have you never financed or refinanced a home? I don't believe that you are unaware that the bank does their own evaluation of the collateral.

Of course it will.

 

You failed to read the post you quoted. And it doesn't take a business genius to understand this. This is taught in undergrad into classes, bus. Balance sheets don't use intangible assets that can't be amortized. Anyone who has ever worked with a balance sheets understands this. This is as basic as it gets.

 

I agree this is ridiculous.

The fact that you are comparing a loan to a multi national corporation to a home loan is absolutely ridiculous.

THEY ARE NOT THE SAME THING

There is a reason why it is considered fraud to lie on your statement of financial condition.

 

No ****, Sherlock. You're claiming that while a bank will appraise your home, they won't appraise much more valuable properties with much higher values on much larger loans? That can't even make sense, to you.

Have you read the pile of disclaimers on an appraisal or value estimate? They make it clear that this is simply their opinion, at this snapshot in time, and that you should do your own evaluation, which the bank did. They are perfectly satisfied with this loan that was fully paid back, with interest.

You have a corrupt Judge and a crooked prosecutor, hunting for headlines while they try to fix an election. An election fixing, which by the way, isn't going so well for the corrupt election riggers.

 

Ever hear of an appeal?

 

Well, actually, it's Trump haters bending over backwards to skewer Trump. Works both ways.
Yes, engoron ruled on this case before the first witness was sworn, a legal but highly irregular move that laid the foundation for his obvious and unfettered prejudice towards Trump. He should have recused himself when he was assigned the case, but then I'm pretty sure that's when the fix was put in place and the outcome of this case preordained.

You are aware that the appeals court promptly enjoined Engoron's ruling, right? Not to be acted upon or considered until the trial is over and the case handed over to the appeals court.

so, your claim that the case won't be overturned on appeal is already incorrect.

In any case, all the bloviation and obtuse behavior in this thread won't change a thing. I plan to wait for the final decision of the appeals court.

 

And the judge ruled on those saying that they did not clear Trump of the fraud he committed by lying on his statement of financial condition.

 

This judge is a fraud. His ruling won't stand. It was designed to produce headlines that were supposed to help Bribed Joe win the election, but that plan doesn't seem to be going so well.

 

1. It is not "highly irregular" for a judge to issue a ruling when the evidence is overwhelming
2. Of course the appeal court enjoined Engoron's ruling. It has nothing to do with whether or not the appeals court will overturn the ruling, it's an administrative stay that issued in cases like this all the time.

 

As I said, I've put numerous posters on ignore who deflect from thread topics critical of Trump.

 

This corrupt judge is a moron, the case should have been immediately thrown out by the Court. This corrupt Judge's ruling will die on appeal.

Remember when you all were gleefully anticipating this corrupt Judge dismembering the Trump Organization based on this idiotic ruling, until an adult Court stepped in and put a stop to his idiocy?

Good times.

 

And like I said

 

Can we clear up one thing right up front?
A statement of financial condition describes the financial status of a business quantitatively.
A balance sheet describes the financial condition of a business on any given date.

They have different purposes and use different criteria. Intermixing the two terms is evidence of a lack of understanding of basic business financial practices.

The two documents are typically used together, along with a whole truck load of other documents and information to evaluate the risk a lender faces with a loan. You know, things like FICO scores (yes businesses have FICO scores) the price of the property/it's INDEPENDENTLY ESTABLISHED value, the intended purpose of the purchase, who is leasing space, the history of leases on the space, etc. etc. etc. etc.

Now. Most of Trump's loans were through a couple of banks. Like any business, Trump established a relationship with a few banks because that a) speeds decisions about loans b) Does give the business an advantage in loan terms c) cuts down on the amount of information that has to be traded for each loan.

For the bank's part, they like relationships with businesses like Trump's because a) repeat business b) profitable business c) loans can be completed faster and cheaper. d) Far less likelihood of default.

Now, the New York case is built on the idea that because Trump valued his assets by his own criteria that somehow he was ripping off the banks/insurance companies/tax man.

There is no victim. The banks got paid and aren't saying they would have charged more if Trump had used some criteria James/Engoron think he should have used, the insurance companies aren't complaining, and the tax man has no bitch because the tax man will always, but always, do his own valuation. And guess what? The tax man (government) gets the final say on the value, for tax purposes, of any property in it's jurisdiction. Not Trump.

I have said before and say again; Engoron will rule in favor of the state, whatever James wants him to say, it will be appealed, and it will be flipped on appeal. Even if it has to go to the Supreme Court.

The point however has never been to get Trump's money. It is to break up Trump's empire, punish him for slipping Hillary's throne that she'd been promised out from under her, and to help keep Trump from ever running for public office again.

That Trump is just plain not a very likeable fellow in the first place is just a bonus, eh?

 

Again, if you are not hurt by a fraud this time lucky you. Five other times his bankruptcies did harm his creditors. Do you only prosecute fraud when harm is done or do you prosecute fraud to eliminate the chance of harm?

 

. . . balance sheets describe the financial condition of a business quantitatively, and ALL statements of financial condition are based on a given date. That's what "condition" means . . . at a particular time.

Trump's lawyer literally claimed that Trump could inflate his BALANCE SHEET (her words) as much as he wanted because of his BRAND VALUE.

I can tell you haven't been following the case. And I'm an MBA, by the way, so cut the crap. The case involves Trump UTILIZING brand value on forms where he claimed that NO BRAND VALUE was used as well as LYING about his independent evaluations.

He didn't just "value them based on his own criteria." He ****ing lied, dude.

Tell that to the people who were passed up for loans because of his false claims and to the folks who lost additional revenue because of those lies. Also, you do realize it is not okay to shoot at someone as long as you miss, right? Because that is what you are arguing here.

I don't share the view that fraud should be legal. Sorry.

 

The banks WERE hurt by Trump's lies.

If, for example, if they knew the truth and would have offered an interest rate of 5% but because of the lies gave an interest rate of 3.5% then that's 1.5% that the bank was cheated out of.

James has put the value of the amount the banks were cheated out of at about 168 million dollars.

Also it is highly doubtful that the Supreme Court will get involved as this is a state issue.

 

23 times isn't out of the range of reason at all. As 'previously explained that one tennis court at Mar-a-Lago is valued at $18 million, so the whole estate is worth more.'

I doubt that Trump would sell for $450M. This judge and prosecutor are the lying frauds.

Corrupt Leticia James 'received at least $20,000 in donations from radical leftist billionaire George Soros who is also funding the current anti-Semitic movement.'

 

Well, but do you prosecute rape to eliminate the possibility of rape?

No, you cannot prosecute fraud before you have a victim.

And those 5 other times?
Why no prosecution then?
Could it be because trump didn't give despicables a case of butt hurt?
Or run for president again?

 

Well have the banks complained?
No?
Huh.
And as for James, I give her no credibility at all. Or, for that matter, Engoron.

And we'll see what happens on appeal, won't we?