I have worked in banking for 30 plus years. If a Borrower says they are worth a billion dollars, no one cares. First, President Trump probably doesn't personally guarantee any of his borrowings on his real estate projects. What that means is the project has to stand on its own. The bank will look at the cash flows from the project, and a real estate appraisal to determine how much they can lend on project/building. If he says it is worth a hundred million, but it only supports fifty million in debt. He can only borrow fifty million. How much he is worth is not relevant. If he does guarantee the debt, the only thing the banks care about is his personal liquidity, and they will get statements from his accounts to verify this liquidity. A person's personal net worth is put together based upon estimates, not facts. Even if it is done by an accounting firm, they are only estimates. Did the president default on debt payments? Who was hurt? Did the State of New York lose any money? Who has standing to say they lost money because he inflated his net worth? This is clown world! The only thing inflated is Letitia James ego. It certainly isn't her intelligence, because she has none.
Lmao, comes out with the accusations publicly first. No documents, no evidence, just words to get a headline out there before it gets picked apart for the sham that it is. If this is real, why are we just now hearing about it?
NYC DA Cyrus Vance's team of investigators threw the towel down when they had to admit Trump actually under-valued his properties. Vance's team resigned and quit. Lil' letitia James picked up the same investigation from Vance and somehow she has found a different result? I don't think so. This is all about publicity. After all, she is doing poorly in the reelectability department for holding onto her job.
Mike Davis points out how ridiculous her lawsuit is. She also happens to be down in the polls to her underfunded republican challenger. After all, she ran on 'getting Trump.'
I have worked in banking for 30 plus years. If a Borrower says they are worth a billion dollars, no one cares. First, President Trump probably doesn't personally guarantee any of his borrowings on his real estate projects. What that means is the project has to stand on its own. The bank will look at the cash flows from the project, and a real estate appraisal to determine how much they can lend on project/building. If he says it is worth a hundred million, but it only supports fifty million in debt. He can only borrow fifty million. How much he is worth is not relevant. If he does guarantee the debt, the only thing the banks care about is his personal liquidity, and they will get statements from his accounts to verify this liquidity. A person's personal net worth is put together based upon estimates, not facts. Even if it is done by an accounting firm, they are only estimates. Did the president default on debt payments? Who was hurt? Did the State of New York lose any money? Who has standing to say they lost money because he inflated his net worth? This is clown world! The only thing inflated is Letitia James ego. It certainly isn't her intelligence, because she has none.
Great explanation!
This seems like a trap for Clinton
... And Obama and Bush...
yes, but isn't the Clinton Foundation in SDNY?
I was thinking it could possibly add to the precedents set with the MAL raid. Especially considering the wording used in her second paragraph.
Big mistake including Trump's kids. Big mistake.
That was my thought but I am not sure now. If any one of them can be convicted of fraud then won't that reflect on all of them?
However, I did think that trying to take all of them on at the same time could be an issue. They will be quite a powerful entity all combined.
Lmao, comes out with the accusations publicly first. No documents, no evidence, just words to get a headline out there before it gets picked apart for the sham that it is. If this is real, why are we just now hearing about it?
NYC DA Cyrus Vance's team of investigators threw the towel down when they had to admit Trump actually under-valued his properties. Vance's team resigned and quit. Lil' letitia James picked up the same investigation from Vance and somehow she has found a different result? I don't think so. This is all about publicity. After all, she is doing poorly in the reelectability department for holding onto her job.
'Still throwing all kinds of stuff at the wall and hoping SOMETHING will stick.
(NOT a good look for her, her demographic, her office, NY or her party)
And, it’s a civil suit. If it were true fraud, it would be a criminal case. This is not going to turn out like she thinks it will.
This is just damn exhausting. How do the Trumps withstand the abuse?
Weird, according to their own side: he lost money as president.
Mike Davis points out how ridiculous her lawsuit is. She also happens to be down in the polls to her underfunded republican challenger. After all, she ran on 'getting Trump.'
https://rumble.com/v1kzrbd-mike-davis-explains-how-ridiculous-this-lawsuit-from-tish-james-against-tru.html
He needs to start countersuing people for this unending lawfare.
"years of financial fraud"
Pick one bitch and prove it.
She's got nothing once again. Trump has stayed squeaky clean because he has known for a very long time this storm was coming.
Trump is a legend already; the stress would have killed most people.
Well, she's wrong. There ARE two sets of laws for people in the US...
Read the bullshit comments
Is she a Soros appointee??