Former President Trump traded jabs at New York Judge Arthur Engoron as he testified on the stand Monday morning during the non-jury civil trial stemming from New York Attorney General Letitia James’ lawsuit against him and his businesses in the state. More @ https://www.foxnews.com/politics/trump-engoron-trade-jabs-during-former-presidents-testimony-in-civil-trial-stemming-from-nyag-lawsuit
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The loans related to the disputed property valuations have already been repaid.
There are no victims. Really.
Everybody was happy with the profits, including the bank. The only perceived victims are libs who wish they had that much money, business-panache, style, taste in hotel furnishings, political and financial power, and to top it all off - such a beautiful family. You can hear the lib and pink-haired teeth grinding at the thought.
A legal, contractual, point is that a bank setting up a loan must do their own due diligence, if they didn't, then that's on them, not the lendee, who is encouraged to fill out the form as they see fit. Doing due diligence is normal. Also, that clause is ON all contracts, as it was on these real estate deals. As Trump points out, some of those deals involved UNDER-valuations, or more triggering - the properties gained in value bigly, after his name-brand became associated with the property. (REEEEEEEEeeeee).
In reality, a pragmatist needs to clarify that it would be impossible to get the figures exactly correct, given daily real-estate value fluctuations. Does one apply a margin? How much of a disparity is allowable, in an environment of heavy fluctuation? And if one was to go ahead and pass a law to state that the number on the loan application must be absolutely correct, how would one police it? If the contract is between parties, is it up to the state to 'check' every contract, or can we leave it to the contractual parties already? What if both parties are happy and the whole thing is over, as it is in this case? (And, Is it illegal to underestimate one's property-value? Pepes want to know)
Also doing due diligence seems obvious to any businessperson , so it is a weird angle to pursue in court (replete with criminal court language - just for normies to believe that something underhand happened)- that the applicant inflated the truth, and mAdE a sUccEss out of the business (How dare you?), and paid it all back with interest.
So, these facts lead the observer to believe that the trial IS a witch=hunt on a political opponent.
How Q-uaint.