Above, New York Attorney General Letitia James, speaks from New York this evening, February 16, 2024. And a big thank you to the judge on the case, Arthur F. Engoron:
Above, New York Attorney General Letitia James, speaks from New York this evening, February 16, 2024. And a big thank you to the judge on the case, Arthur F. Engoron:
But the penalty is only financial, yes ?
I’m waiting for one of his many trials to mean jail.
Essentially, yes. I too hope to see him in jail at some point. In jail and dead broke would be even better.
sadly the wheels are turning too slowly …
Far too slowly for those of us hoping to see Trump’s campaign slowed or stopped entirely. I want to see convictions and sentences before the election, but doubt it will happen. The wheels always turn slowly, and Trump is putting up every conceivable roadblock. Still, yesterday was progress …
OK, I understand that grossly inflating the value of his property to get favorable loan rates was against the law., but while I hate to take Trump’s side in anything, will someone explain to me why the banks failled to do due diligence? If I was going to loan someone millions of dollars, I would sure as heck check on his collateral, especially something like Mar-a-Lago which he overvalued by 50 to 100 times and trump tower by at least 10 times. If I tried to do that, I’d get the bank door slammed in my face!
I’ve wondered myself if skyscrapers, just like houses, have floorplans or other documentation like square footage in the public records somewhere. Seems like plans of some kind would have to be filed and approved when or before construction begins. All the real estate websites like Zillow know the square footage of my house.
Yeah, but at the end of the day, it isn’t the bank’s fault that they were fooled by a person who was deliberately manipulating his financial data. I do think that they may have turned a blind eye to what he was doing,..
High finance is way beyond my understanding, but yes, I do wonder if once Trump had established his reputation, the banks got (very) lax about checking into the numbers he presented. I don’t think I’d want to do business with the banks he managed to dupe.
I think that he slid by on the reputation and the old boys network. I agree that the banks were lax and I suspect that there was favoritism involved in the loans.