The absurdity of the fraud case against Trump

a reply to: Threadbare

Didn't know that.

Still, this entire sham show is fraud.

a reply to: network dude

Oh no this is going to open the door for more people being held accountable for committing fraud! How horrible!

originally posted by: Threadbare
a reply to: network dude

Oh no this is going to open the door for more people being held accountable for committing fraud! How horrible!

Yes, democrats. It's all fair game to target one party. (remember my warning about this several years back? Something something, newton's third law)

I'll have a box of tissue ready for all your tears when it happens.

a reply to: network dude

everyone undervalues their property for the tax man

Everyone?

I don't know how they do things where you live, but in Texas, the County Tax Assessor determines the value of our homes. We can contest it by hiring, at the homeowners expense, a home inspector to do an independent value assessment, but the county doesn't have to accept their a value. It would only be devalued if it has unrepaired damages beyond normal wear and tear. Few folks do this due to cost, but generally speaking, the tax assessor overvalues our homes because they love taking our money. Aside from that, how are our home values possibly misrepresented to ths tax man? I mean, I don't have to claim my home value on my annual tax returns; it's an assett, not income.

I'd say the opposite of your claim is true. In fact I'd bet my life savings on it.

originally posted by: WeDemBoyz
a reply to: network dude

everyone undervalues their property for the tax man

Everyone?

I don't know how they do things where you live, but in Texas, the County Tax Assessor determines the value of our homes. We can contest it by hiring, at the homeowners expense, a home inspector to do an independent value assessment, but the county doesn't have to accept their a value. It would only be devalued if it has unrepaired damages beyond normal wear and tear. Few folks do this due to cost, but generally speaking, the tax assessor overvalues our homes because they love taking our money. Aside from that, how are our home values possibly misrepresented to ths tax man? I mean, I don't have to claim my home value on my annual tax returns; it's an assett, not income.

I'd say the opposite of your claim is true. In fact I'd bet my life savings on it.

so if the tax assessor values your house at 100k above actual, you will pay it with glee? that's seems quite stupid.

originally posted by: underpass61


Since when is an educated guess considered a lie? Like you said it's on the banks/financial institutions to set the value.

Especially in a system where you can shop around for the best rate.

I would think the banks / lenders would have a basic understanding if values were inflated and the actual risk of the loans.

Were the loans not paid back? Who is the victim and how were they victimized?

a reply to: WhatItIs

If the banks are giving out loans at better rates that the Trump Organization's actual assets dictate they should be getting then the banks are losing millions in interest.

a reply to: Threadbare

This is true. And it's on the bank to agree with the assessment before they make the loan, right?

Did any bank or insurance company bring this case?

originally posted by: Threadbare
a reply to: WhatItIs

If the banks are giving out loans at better rates that the Trump Organization's actual assets dictate they should be getting then the banks are losing millions in interest.

You're essentially saying that the banks victimized themselves.

Too bad.

originally posted by: Threadbare
a reply to: Quadrivium

His accountant has already testified that the Trump Organization withheld information from them that should have gone in the financial statements that were sent to banks.

How was anything “withheld” if they met the required release of information required by the banks.

Call me crazy, I’ll go out on a limb. I bet the lenders even ran some sort of third party credit check on the Trump organization.

originally posted by: underpass61

originally posted by: Threadbare
a reply to: WhatItIs

If the banks are giving out loans at better rates that the Trump Organization's actual assets dictate they should be getting then the banks are losing millions in interest.

You're essentially saying that the banks victimized themselves.

Too bad.

No. It’s called negotiation if a bank that supposedly deals in real estate would know how to conduct.

originally posted by: underpass61

originally posted by: Threadbare
a reply to: WhatItIs

If the banks are giving out loans at better rates that the Trump Organization's actual assets dictate they should be getting then the banks are losing millions in interest.

You're essentially saying that the banks victimized themselves.

Too bad.

And how were the banks victimized. What loans did Trump or the organization default on?


Thanks Mr Smith for paying your loans off and the interest on time. We made money off the deal. But years later we think you didn’t borrow in good faith because we took the risk and gave you a good rate, so we are going to sue your a$$?

a reply to: WeDemBoyz
In 2008 we bought a house and 3 acres of land.
The county had the tax value at 90k.
It appraised for 175k.
Government and Banks are not the same.
One is out to make a profit (banks), the other is out to enforce a profit, but full of bureaucracy and people who get paid, regardless if they make a profit or do their job (government).

a reply to: network dude

Another absurdity is how a supposedly intelligent attorney general and judge are destroying their own future, by exercising their hate in this manner.

originally posted by: CoyoteAngels
a reply to: tanstaafl

So if any of this claim made was true, did the National Historic Registry compensate him for seizing MAL?

Good question - ask Threadbare (the one making the claim)...

originally posted by: Threadbare
a reply to: tanstaafl

Is it often assessed for 1000 times less than what it's actually worth?

Ask the tax assessors. They are the ones doing the assessing, not me, and not Trump, and not Trumps realtors, accountants or attorneys.

a reply to: tanstaafl

apparently, it was made so in 1969, before Trump bought it.

I don't know.... seems like much todo about nothing and the democrats have just badly overplayed their attack hand.

No turning back.

They all wanted a bite of him, to make their name.

Clowns with mean dripping bloody teeth like in that King novel: it. He's a big lefty, aint he?

originally posted by: Threadbare
a reply to: tanstaafl

If Mar-A-Lago Club, LLC is based out of New York he can 100% go after it and all its assets.

He cannot STEAL it though, all Trump would need to do is dissolve the LLC and transfer the asstes somewhere else.

Well you're not going to like this.
The judge issued an order. To sum it up.

Trump, Junior, Eric, Weisselberg, and McConney can’t move a dime or open a business without reporting it to the monitor (Barbara Jones - she was the special master in the Rudy and Cohen cases)
They also have 7 days to provide a list of every business they own and any third party who has any ownership or partnership with any of their business (this would include those 500+ shell companies Trump owns and anyone who has a stake in any of them.)
They also have until October 26 to provide the court with potential receivers who will probably be responsible for liquidating all the businesses. Finally, none of them can create any new businesses without reporting them to the monitor.
The judge says that Tish James can help the monitor by sharing state records of any such entities or third party owners of any other company owned by any of the plaintiffs. This may include “Trump Org II” which could have been created to hide assets last year.

Order pdf

a reply to: frogs453

Well you're not going to like this.

You didn't see that, we're the slow kids on the short bus after all. Know thy place and study algebra, peasant!