According to some reports the victim was the banks and lack of profits from increased interest rates in the tune of $165 million plus interest to get the $354 million. As if Trump should have paid a higher rate if the properties was valued correctly... you know Marlago being worth only $18 million.
According to some reports the victim was the banks and lack of profits from increased interest rates in the tune of $165 million plus interest to get the $354 million. As if Trump should have paid a higher rate if the properties was valued correctly... you know Marlago being worth only $18 million.
How the fuck does a judge get to decide that?!
The judge rules the way his master tells him to.
OK. Will attempt to do math on GAW on a holiday weekend to make a point.
354M - 165M or so = ~189M interest.
189M ÷ 165M = 114.5% 👈 Usury.
👆 made.
SauceFag Here.
You forgot to add this:
https://www.upcounsel.com/lectl-state-interest-rates-and-usury-limits
Thanks, SauceFag!
More math: 114.5% / 16% = ~7.1 times the limit!
Yikes.