Current Affairs Donald Trump POS: Judgement cometh and that right soon

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Zatara said:
Have you ever worked in the banking or financial markets industries?
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This is what I asked.

Walken said:
Oh dear! Internet knowledge meet real knowledge!
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Indeed.

Tommy Chong said:
No Zat, an external auditor, who's job it would be to audit the books of Trump's companies.

An internal bank auditor would have absolutely no relevance in this case.
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So you do not have any banking or financial markets experience.

Not sure why you said you did.

How peculiar.
 
Xizor said:
And one of those 'metrics' was the false information provided by the Trump Org. You just feel the subsequent fraud shouldn't count as a crime despite it being prosecuted successfully by the courts and decided as such by an independant jury.

You've girded yourself with such rabidly pro-Trump armour here that simple concepts such as this can't penetrate. You cannot conceive of a world where he's actually guilty and so keep twisting these same ridiculous statements into new shapes hoping they'll stick, despite Trump's highly-paid-in-theory lawyers making the same arguments in court and failing to convince anyone.

"If there is a crime, no one knows what it is." ?

You're just repeating Trump campaign propaganda rather than dealing in the substance of the case.
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Bet Michael Cohen is wishing he known of this “if you paid the banks back and they didn’t come after you it isn’t fraud” legal exemption. Might have saved him some time in jail for paying Stormy with the home improvement loan he got out.
 
LinekersLegs said:
Bet Michael Cohen is wishing he known of this “if you paid the banks back and they didn’t come after you it isn’t fraud” legal exemption. Might have saved him some time in jail for paying Stormy with the home improvement loan he got out.
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I mean it's a ridiculous position to hold that none of this stuff matters, and it falls down completely if we compare it to a more common form of loan that people take out - the mortgage. We'll waive things like fees for this as a trivial amount and to make the sums less complicated (and assume the lenders are less involved of the purpose of the loan than real-life ones are).

Let's say I want a mortgage to buy a house. The house is worth 1.1m and I have 100k in the bank so need to cover a flat million . My prospective lender offers me a high interest rate on this as my LTV rate is so low.

Now I approach a different lender and tell them the house I want is worth 10m and I have 9m deposit in the bank. The rate I get is much lower on my 1m loan as my LTV is 90%.

I take the money and eventually pay back the lender as agreed, who is never aware they were exposed to an increased risk from the loan due to my falsely inflated asset reporting (and if they repossessed the collateral it would be worth less than they expected too).

Is that just good business acumen, or is it fraud?
 
Xizor said:
I mean it's a ridiculous position to hold that none of this stuff matters, and it falls down completely if we compare it to a more common form of loan that people take out - the mortgage. We'll waive things like fees for this as a trivial amount and to make the sums less complicated (and assume the lenders are less involved of the purpose of the loan than real-life ones are).

Let's say I want a mortgage to buy a house. The house is worth 1.1m and I have 100k in the bank so need to cover a flat million . My prospective lender offers me a high interest rate on this as my LTV rate is so low.

Now I approach a different lender and tell them the house I want is worth 10m and I have 9m deposit in the bank. The rate I get is much lower on my 1m loan as my LTV is 90%.

I take the money and eventually pay back the lender as agreed, who is never aware they were exposed to an increased risk from the loan due to my falsely inflated asset reporting (and if they repossessed the collateral it would be worth less than they expected too).

Is that just good business acumen, or is it fraud?
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Or what if I tell the bank that the apartment I am using for collateral is 3,000 sq feet, when it is really 1000 sq feet, thus rendering it 3 times its actual worth? Is that just business acumen, or is it fraud?
 
Xizor said:
I mean it's a ridiculous position to hold that none of this stuff matters, and it falls down completely if we compare it to a more common form of loan that people take out - the mortgage. We'll waive things like fees for this as a trivial amount and to make the sums less complicated (and assume the lenders are less involved of the purpose of the loan than real-life ones are).

Let's say I want a mortgage to buy a house. The house is worth 1.1m and I have 100k in the bank so need to cover a flat million . My prospective lender offers me a high interest rate on this as my LTV rate is so low.

Now I approach a different lender and tell them the house I want is worth 10m and I have 9m deposit in the bank. The rate I get is much lower on my 1m loan as my LTV is 90%.

I take the money and eventually pay back the lender as agreed, who is never aware they were exposed to an increased risk from the loan due to my falsely inflated asset reporting (and if they repossessed the collateral it would be worth less than they expected too).

Is that just good business acumen, or is it fraud?
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I know lads who’ve repaid mortgages on properties and been nicked , they’ll be delighted, although I suspected a little shocked , to find out it’s not a crime
 
LinekersLegs said:
Or what if I tell the bank that the apartment I am using for collateral is 3,000 sq feet, when it is really 1000 sq feet, thus rendering it 3 times its actual worth? Is that just business acumen, or is it fraud?
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You know what? I'm actually surprised Trump's lawyers didn't try the insanity plea.

Trump is so deluded and up his own hoop that he probably believes that the made up numbers on his financial statements are real.
 
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