Contextual study
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Trump would have frauded the bank.
But its ok, You will never believe the truth, you have bought into the hate and liberal communist false narratives.
Its sad that the left are so afraid of trump they will pull this crap..
thats also why so many people love him, because he will stand up to the left.. He can't be bought
Trump would have frauded the bank.
But its ok, You will never believe the truth, you have bought into the hate and liberal communist false narratives.
Its sad that the left are so afraid of trump they will pull this crap..
thats also why so many people love him, because he will stand up to the left.. He can't be bought
You are inhabiting another universe. ALL the charges against Trump are bogus, but the courts will all support what is unlawful and bogus just to make sure Trump is destroyed.
Even the Supreme Court supports lawlessness and anarchy. No judges are held accountable any more. Kentanji Brown Jackson wants to kill the first amendment. She should be immediately removed from SCOTUS. She is there only because she is a woman and black. But she is committed to destroying America and shredding the Constitution (just like all the Leftist judges on the Supreme Court).
Even the Supreme Court supports lawlessness and anarchy. No judges are held accountable any more. Kentanji Brown Jackson wants to kill the first amendment. She should be immediately removed from SCOTUS. She is there only because she is a woman and black. But she is committed to destroying America and shredding the Constitution (just like all the Leftist judges on the Supreme Court).
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Kevin O'Leary, in the video above, said everyone in that business does it. They inflate their true value. To claim this is worth this much when it is not is indeed Fraud. So there is no malarky here, he's only charged for 17 counts of lying about his value. But he's lying about it in a business arena to gain more capital. He's lying to get rich.
But his charges will be dropped or the courts will have to charge everyone.
But his charges will be dropped or the courts will have to charge everyone.
Which comment shows that you know absolutely nothing about the buying and selling of real estate. Since I have been in the business, let me educate you.
All prices are based on current market values (which are also best estimates), and all sellers want the maximum for their properties. Therefore all sellers (including homeowners) add a sufficient margin to their prices so that a final price can be NEGOTIATED. When real estate commissions are involved those too must be factored in.
Let's say the seller realistically expects to sell for $1,000,000. But he provides a cushion for negotiation, so he sets his price at $1,500,000. A buyer likes the property, but wants to pay the lowest possible price. So he offers $1,200,000. The seller counters with $1,300,000. Then the buyer counters with $1,100, 000. The seller then accepts this price, since he has made a profit. Even if they ended up with $1,000,000 and the property was worth only $900,000, he would still make a profit.
This is the real estate business and there is NOTHING FRAUDULENT about negotiating prices. It happens daily and in thousands of transactions. As long as both buyer and seller come to a final agreement, that is all that matters. You would do exactly the same thing if you were selling or buying a house.
In the case of Trump's properties, the buyers and lenders were totally happy with the outcome. Lenders only lend a portion of the total price and if they approve a loan, it means they are satisfied. So this case was TOTAL BS.
All prices are based on current market values (which are also best estimates), and all sellers want the maximum for their properties. Therefore all sellers (including homeowners) add a sufficient margin to their prices so that a final price can be NEGOTIATED. When real estate commissions are involved those too must be factored in.
Let's say the seller realistically expects to sell for $1,000,000. But he provides a cushion for negotiation, so he sets his price at $1,500,000. A buyer likes the property, but wants to pay the lowest possible price. So he offers $1,200,000. The seller counters with $1,300,000. Then the buyer counters with $1,100, 000. The seller then accepts this price, since he has made a profit. Even if they ended up with $1,000,000 and the property was worth only $900,000, he would still make a profit.
This is the real estate business and there is NOTHING FRAUDULENT about negotiating prices. It happens daily and in thousands of transactions. As long as both buyer and seller come to a final agreement, that is all that matters. You would do exactly the same thing if you were selling or buying a house.
In the case of Trump's properties, the buyers and lenders were totally happy with the outcome. Lenders only lend a portion of the total price and if they approve a loan, it means they are satisfied. So this case was TOTAL BS.
Kevin O'Leary is talking Bank Standards. You can claim it's worth this much but the Bank knows it's only half the value. So you're inflating your value. Therefore, if the Bank only values something at half value and you present it to a buyer at your inflated value it's fraud. My Mother for years owned a Pawn Shop. I know how values work versus inflated worth. But I was using O'Leary's talking points since he's in the same business as Trump.
Notice how you did not mention the whole thing he said.
He said everyone does it. Then he said the banks do their own research.
If I say my assets are worth 200 thousand, and the bank comes back and says it is only worth 100 thousand, The banks will only give based what they deem it is worth
So there is no fraud.. If the bank determines it to be only worth 100 thou, yet gives them a load based on 200 thou the borrower claims. its the banks fault not the borrower,
Most likely the bank is always going to come in lower. so you inflate it knowing this to be the case.
Its like asking 300 thou for your property knowing it is only worth 250. This allows you to negotiate..
Its not fraud.
He said everyone does it. Then he said the banks do their own research.
If I say my assets are worth 200 thousand, and the bank comes back and says it is only worth 100 thousand, The banks will only give based what they deem it is worth
So there is no fraud.. If the bank determines it to be only worth 100 thou, yet gives them a load based on 200 thou the borrower claims. its the banks fault not the borrower,
Most likely the bank is always going to come in lower. so you inflate it knowing this to be the case.
Its like asking 300 thou for your property knowing it is only worth 250. This allows you to negotiate..
Its not fraud.
The reason why the loan was classed as fraud is, if you have lower capital when you take out a loan for a huge amount of money, the interest rates are higher because you are more of a risk.
So if trump had of put the true amount of his capital at the time, the amount he would have had to pay back over time would have been a lot higher,
What you will find is l, Trump would have been fined how much he should have had to pay back if he had declared his true evaluation of capital when he took out the loan
Which I think you'll find the difference was half a billion..
So by saying your property is worth more than what it is you save your self half a billion.
The evidence against trump is, he declared his property to have higher value than it did. But he well and truly over exaggerate. As in 100s of millions over the valuation of his assets and some sugestiion says he over exaggerated by 2 billion.
So if trump had of put the true amount of his capital at the time, the amount he would have had to pay back over time would have been a lot higher,
What you will find is l, Trump would have been fined how much he should have had to pay back if he had declared his true evaluation of capital when he took out the loan
Which I think you'll find the difference was half a billion..
So by saying your property is worth more than what it is you save your self half a billion.
The evidence against trump is, he declared his property to have higher value than it did. But he well and truly over exaggerate. As in 100s of millions over the valuation of his assets and some sugestiion says he over exaggerated by 2 billion.
The true value of something is whatever someone is willing to pay to have it . Both the property developer and the banks have a relatively subjective opinion on the value. The developer is perhaps highly optimistic. The bank is perhaps highly cautious. Obviously the lender is the one taking the risk lending to the developer, and will set the actual amount of the loan with a cautous estimate of the value. The banks' valuations are no more or less accurate than the developer's.
The true value of something is whatever someone is willing to pay to have it . Both the property developer and the banks have a relatively subjective opinion on the value. The developer is perhaps highly optimistic. The bank is perhaps highly cautious. Obviously the lender is the one taking the risk lending to the developer, and will set the actual amount of the loan with a cautous estimate of the value. The banks' valuations are no more or less accurate than the developer's.
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