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Posted: 2/21/2024 8:07:56 AM EST
[#1]
Quote HistoryQuoted: And who is going to make them stop? Are you willing to throw away evertying you own and go to prison to defend Trump? Quote HistoryQuoted: Quoted: Quoted: Quoted: This is what we've devolved to; kangaroo courts convicting political opponents like those in third world and communist shit holes that we used to laugh at. It's only going to get worse.  It isn’t about Trump. When the courts are this blatantly corrupt it could be anyone that is next. |
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Posted: 2/21/2024 8:11:32 AM EST
[#2]
Quote HistoryQuoted: It isn’t about Trump. When the courts are this blatantly corrupt it could be anyone that is next. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: This is what we've devolved to; kangaroo courts convicting political opponents like those in third world and communist shit holes that we used to laugh at. It's only going to get worse. It isn’t about Trump. When the courts are this blatantly corrupt it could be anyone that is next. |
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Posted: 2/21/2024 8:13:54 AM EST
[#3]
Quote HistoryQuoted: Piece of shit commie Which will delight the piece of shit commies on here. Clown world. |
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Posted: 2/21/2024 8:14:14 AM EST
[#4]
Quote HistoryQuoted: That's interesting because I spoke to a retired business loan officer yesterday and she said it's fraud to misvalue your assets to get a loan. Definitely not "nobody's problem" I financed properties/projects in the $5mm-$50mm. I did many loans including a few that required multiple banks to be involved because 1 bank did not want the entire risk. I owned a mortgage company for 10 years before retiring. The majority of people over state the value of the property they are trying to finance. That is why we "the financial institution lending" do our due diligence to ensure value. Appraisals... Ever refinance your property, ask for x on loan because house has y value, then the banks have an appraiser come through and tell you house is really worth z, then you look at tax assesors value of wtf? I did , I told bank my house was worth 1.7mm so I could get a 300k line of credit. well appraiser said more like 1.6mm so we still took out 300k. tax assesor has our value at 7??K. according to NYAG and your business loan officer friend Im a criminal and would easily assume 80% of those who have ever refinanced are guilty as well. Nobody knows the value of their assets, thats why independent people/companies appraise the value for banks. These commercial appraisals are no joke and 10 times the volume of your normal house appraisal. EVERYONE in the transaction was fine with the value of Trumps beautiful and tremendous properties or NO money would ever had been transferred. misvaluing a propety is absolutely the norm at the onset of loan process. EVERYONE in NY should be concerned at what happened. ETA: let me add I have also sold off 16 properties (residential/multifamily and commercial)I owned over the last 3 years. in this Ca market I have listed and sold multiple over what the appraiser said the value was. in those instances the buyer stated on a loan application the property had x value then were told y value and had to come up with extra funds at close. did they commit fraud? did I? see how normal it is and how scary it should be. |
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Posted: 2/21/2024 8:14:39 AM EST
[#5]
Quote HistoryQuoted: I'm not a trucker but as a veteran bank employee (IT worker but somewhat familiar with many aspects of banking) this seems to me a very bizarre court decision. The whole thing stinks to high heaven. When you apply for a secured loan, it's incumbent on the potential lender to judge the valuation of property offered as collateral. If a bank's highly regulated internal processes and procedures determine that a loan is a "go", then it's a done deal and really not a problem for government or anyone else if the borrower defaults. If the borrower DOESN'T default, it's nobody's problem at all. I really don't understand how Trump could be fined for overstating the value of his property. If he did, that's the bank's problem. |
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Posted: 2/21/2024 8:15:33 AM EST
[#6]
Quote HistoryQuoted: To everyone saying he should just sell off all the properties and leave, to who? Who would buy those properties now?  Sounds like something Elon would do just for the chuckle. |
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Posted: 2/21/2024 8:19:43 AM EST
[#7]
Quote HistoryQuoted: She should seize the assets first and then go to court for judgements. Oof. |
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Posted: 2/21/2024 8:20:58 AM EST
[#8]
Quote HistoryQuoted: That's interesting because I spoke to a retired business loan officer yesterday and she said it's fraud to misvalue your assets to get a loan. Definitely not "nobody's problem" Quote HistoryQuoted: Quoted: I'm not a trucker but as a veteran bank employee (IT worker but somewhat familiar with many aspects of banking) this seems to me a very bizarre court decision. The whole thing stinks to high heaven. When you apply for a secured loan, it's incumbent on the potential lender to judge the valuation of property offered as collateral. If a bank's highly regulated internal processes and procedures determine that a loan is a "go", then it's a done deal and really not a problem for government or anyone else if the borrower defaults. If the borrower DOESN'T default, it's nobody's problem at all. I really don't understand how Trump could be fined for overstating the value of his property. If he did, that's the bank's problem. That's interesting because I spoke to a retired business loan officer yesterday and she said it's fraud to misvalue your assets to get a loan. Definitely not "nobody's problem" I assume SHE is a "college educated" suburban woman whose blood runs cold when she sees a mean text? What did she say about the embedded disclaimer? |
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Posted: 2/21/2024 8:21:38 AM EST
[#9]
Quote HistoryQuoted: and he's sitting upright on the horn Quote HistoryQuoted: Quoted: I wouldn't be surprised if she has a velvet painting of a nude 0bama riding a unicorn somewhere. I was thinking reverse cowgirl, but yeah. |
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Posted: 2/21/2024 8:22:31 AM EST
[#10]
Quote HistoryQuoted: If I were trump I’d bulldoze every property in NY, salt the earth and leave A friend of mines father who was a Marine on Okinawa and later at the Chosin told some Jewish Realtors friends of ours, "never get mad at your pocketbook". Get even when you can but don't waste money doing it. This is a motto of ours. |
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Posted: 2/21/2024 8:23:23 AM EST
[#11]
Quote HistoryQuoted: If seizure looks likely he could open the doors to housing migrants in them. I can’t think of a funnier political disaster for all those fuckers, lol. |
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Posted: 2/21/2024 8:26:52 AM EST
[#12]
Quote HistoryQuoted: Your billion dollar property is only worth 18m so we gonna seize all.of your properties to pay your fine lol I’d love to see them start with Mar a lago. Auction it. That would be the crown jewel in any real estate portfolio. I’d laugh if it sold for billions on the courthouse steps. |
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Posted: 2/21/2024 8:27:31 AM EST
[#13]
Quote HistoryQuoted: Literally every business should sell everything off in New York. The justice department just said they will confiscate and bankrupt your business if they don’t like your politics. Why anyone would remain there is just asking to be bankrupted or forcibly coerced for the rest of their lives. Well stated and should be repeated. |
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Posted: 2/21/2024 8:28:50 AM EST
[#14]
He looks a lot like President Comacho.
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Posted: 2/21/2024 8:28:56 AM EST
[#15]
Quote HistoryQuoted: I wouldn't be surprised if she has a velvet painting of a unicorn riding a nude 0bama somewhere. fixed it |
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Posted: 2/21/2024 8:30:26 AM EST
[#16]
Quote HistoryQuoted: Literally every business should sell everything off in New York. |
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Posted: 2/21/2024 8:32:13 AM EST
[#17]
Quote HistoryQuoted: Semi serious question- what prevents a right leaning AG doing the exact same thing to any leftist at this point? The commies count on us to have morals and principles. |
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Posted: 2/21/2024 8:36:06 AM EST
[#18]
With the downturn in commercial property values in Dem-run cities I bet that most of the NYC commercial properties are currently over valued
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Posted: 2/21/2024 8:38:41 AM EST
[#19]
Quote HistoryQuoted: /media/mediaFiles/sharedAlbum/20210107_111343-630.jpg It is the banks job to value the asset that a business is using as collateral for a loan. Quote HistoryQuoted: Quoted: That's interesting because I spoke to a retired business loan officer yesterday and she said it's fraud to misvalue your assets to get a loan. Definitely not "nobody's problem" It is the banks job to value the asset that a business is using as collateral for a loan. Exactly |
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Posted: 2/21/2024 9:01:35 AM EST
[#20]
You can't vote your way out of communism.
Seizing private property=communism. Soviet-style show trials=communism. Arresting political rivals=communism. Commies can eat shit. |
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Posted: 2/21/2024 9:28:27 AM EST
[#21]
Quote HistoryQuoted: You can't vote your way out of communism. Seizing private property=communism. Soviet-style show trials=communism. Arresting political rivals=communism. Commies can eat shit. Eat shit and DIE  |
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Posted: 2/21/2024 9:41:48 AM EST
[#22]
Quote HistoryQuoted: That's interesting because I spoke to a retired business loan officer yesterday and she said it's fraud to misvalue your assets to get a loan. Definitely not "nobody's problem" My Dad has been in Banking for 40 years. Started as a loan officer. He is now, for many years, an executive and board member of the bank he spent his career at. We had a discussion about this debacle last night at dinner. He said this whole thing is retarded and there was certainly no problem for anyone before they decided to charge. |
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Posted: 2/21/2024 9:48:58 AM EST
[#23]
 ''What fraud?'': Kevin O''Leary blasts CNN host on Trump civil trial |
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Posted: 2/21/2024 9:50:10 AM EST
[#24]
I wonder if the commies can put an injunction on them like they do during a divorce?
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Posted: 2/21/2024 9:51:15 AM EST
[#25]
TRUE. I've been saying this for years.
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Posted: 2/21/2024 9:53:52 AM EST
[#26]
Quote HistoryQuoted: The (badly) mistaken belief that the moral high ground is valuable real estate, and will somehow save them. It. Will. Not. Plenty of people burried on hilltops..as well as valleys |
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Posted: 2/21/2024 9:56:11 AM EST
[#27]
Yes, they will "assess" a $500,000,000 property as $10,000,000, seize it, and say, "OK, Trump, we took your building, now you still owe us $344M.
Here's another property worth a billion dollars. They'll "assess" that it is worth $20M, seize it, and "Now you owe us $324M." |
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Posted: 2/21/2024 9:57:50 AM EST
[#28]
CoC
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Posted: 2/21/2024 9:58:53 AM EST
[#29]
Leticia Towers?
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Posted: 2/21/2024 9:59:49 AM EST
[#30]
Of course she says that. It's how she can move on up to a deeeluxe apartment in the sky.
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Posted: 2/21/2024 10:02:05 AM EST
[#31]
Quoted: Quoted: Semi serious question- what prevents a right leaning AG doing the exact same thing to any leftist at this point? The commies count on us to have morals and principles. The Left has tools at their disposal that we don't, because they control everything. It's their circus, and their monkeys. |
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Posted: 2/21/2024 10:07:33 AM EST
[#32]
Quote HistoryQuoted: Burn NYC, burn it to the ground This is the only correct answer. |
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Posted: 2/21/2024 10:07:42 AM EST
[#33]
So everybody that has ever stated "I know what I have" is now a criminal????
What a joke. If the property is not worth what the courts said, then seizing it should be a big loss to the court, right? |
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Posted: 2/21/2024 10:07:56 AM EST
[#34]
Quote HistoryQuoted: I wonder if the commies can put an injunction on them like they do during a divorce? They did one better. They put a court appointed "Monitor" over Trumps businesses and she has to pre-approve any transactions. |
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Posted: 2/21/2024 10:08:38 AM EST
[#35]
Quote HistoryQuoted: "Republicans hold office, democrats wield power" Quote HistoryQuoted: Quoted: Semi serious question- what prevents a right leaning AG doing the exact same thing to any leftist at this point? "Republicans hold office, democrats wield power" Republicans - Use power to make money. Democrats - Use money to make and hold power. |
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Posted: 2/21/2024 10:12:23 AM EST
[#36]
Quote HistoryQuoted: hmm I used to be a commercial loan officer in Los Angeles for a top 3 bank. I financed properties/projects in the $5mm-$50mm. I did many loans including a few that required multiple banks to be involved because 1 bank did not want the entire risk. I owned a mortgage company for 10 years before retiring. The majority of people over state the value of the property they are trying to finance. That is why we "the financial institution lending" do our due diligence to ensure value. Appraisals... Ever refinance your property, ask for x on loan because house has y value, then the banks have an appraiser come through and tell you house is really worth z, then you look at tax assesors value of wtf? I did , I told bank my house was worth 1.7mm so I could get a 300k line of credit. well appraiser said more like 1.6mm so we still took out 300k. tax assesor has our value at 7??K. according to NYAG and your business loan officer friend Im a criminal and would easily assume 80% of those who have ever refinanced are guilty as well. Nobody knows the value of their assets, thats why independent people/companies appraise the value for banks. These commercial appraisals are no joke and 10 times the volume of your normal house appraisal. EVERYONE in the transaction was fine with the value of Trumps beautiful and tremendous properties or NO money would ever had been transferred. misvaluing a propety is absolutely the norm at the onset of loan process. EVERYONE in NY should be concerned at what happened. ETA: let me add I have also sold off 16 properties (residential/multifamily and commercial)I owned over the last 3 years. in this Ca market I have listed and sold multiple over what the appraiser said the value was. in those instances the buyer stated on a loan application the property had x value then were told y value and had to come up with extra funds at close. did they commit fraud? did I? see how normal it is and how scary it should be. Quote HistoryQuoted: Quoted: That's interesting because I spoke to a retired business loan officer yesterday and she said it's fraud to misvalue your assets to get a loan. Definitely not "nobody's problem" I financed properties/projects in the $5mm-$50mm. I did many loans including a few that required multiple banks to be involved because 1 bank did not want the entire risk. I owned a mortgage company for 10 years before retiring. The majority of people over state the value of the property they are trying to finance. That is why we "the financial institution lending" do our due diligence to ensure value. Appraisals... Ever refinance your property, ask for x on loan because house has y value, then the banks have an appraiser come through and tell you house is really worth z, then you look at tax assesors value of wtf? I did , I told bank my house was worth 1.7mm so I could get a 300k line of credit. well appraiser said more like 1.6mm so we still took out 300k. tax assesor has our value at 7??K. according to NYAG and your business loan officer friend Im a criminal and would easily assume 80% of those who have ever refinanced are guilty as well. Nobody knows the value of their assets, thats why independent people/companies appraise the value for banks. These commercial appraisals are no joke and 10 times the volume of your normal house appraisal. EVERYONE in the transaction was fine with the value of Trumps beautiful and tremendous properties or NO money would ever had been transferred. misvaluing a propety is absolutely the norm at the onset of loan process. EVERYONE in NY should be concerned at what happened. ETA: let me add I have also sold off 16 properties (residential/multifamily and commercial)I owned over the last 3 years. in this Ca market I have listed and sold multiple over what the appraiser said the value was. in those instances the buyer stated on a loan application the property had x value then were told y value and had to come up with extra funds at close. did they commit fraud? did I? see how normal it is and how scary it should be. Manhattan real estate is so insane the price can be subject from each buyer to another. You could have one company wanting to pay $20 million and another offering $30 just to get it. Every single investor and developer in NY does the exact same thing Trump did. They pump up the value of assets to leverage that money into other properties. |
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Posted: 2/21/2024 10:15:33 AM EST
[#37]
Quote HistoryQuoted: Burn NYC, burn it to the ground Nah, I like the historic buildings and landmarks so just do the commie maggots occupying the city. |
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Posted: 2/21/2024 10:16:50 AM EST
[#38]
Quote HistoryQuoted: hmm I used to be a commercial loan officer in Los Angeles for a top 3 bank. I financed properties/projects in the $5mm-$50mm. I did many loans including a few that required multiple banks to be involved because 1 bank did not want the entire risk. I owned a mortgage company for 10 years before retiring. The majority of people over state the value of the property they are trying to finance. That is why we "the financial institution lending" do our due diligence to ensure value. Appraisals... Ever refinance your property, ask for x on loan because house has y value, then the banks have an appraiser come through and tell you house is really worth z, then you look at tax assesors value of wtf? I did , I told bank my house was worth 1.7mm so I could get a 300k line of credit. well appraiser said more like 1.6mm so we still took out 300k. tax assesor has our value at 7??K. according to NYAG and your business loan officer friend Im a criminal and would easily assume 80% of those who have ever refinanced are guilty as well. Nobody knows the value of their assets, thats why independent people/companies appraise the value for banks. These commercial appraisals are no joke and 10 times the volume of your normal house appraisal. EVERYONE in the transaction was fine with the value of Trumps beautiful and tremendous properties or NO money would ever had been transferred. misvaluing a propety is absolutely the norm at the onset of loan process. EVERYONE in NY should be concerned at what happened. ETA: let me add I have also sold off 16 properties (residential/multifamily and commercial)I owned over the last 3 years. in this Ca market I have listed and sold multiple over what the appraiser said the value was. in those instances the buyer stated on a loan application the property had x value then were told y value and had to come up with extra funds at close. did they commit fraud? did I? see how normal it is and how scary it should be. Quote HistoryQuoted: Quoted: That's interesting because I spoke to a retired business loan officer yesterday and she said it's fraud to misvalue your assets to get a loan. Definitely not "nobody's problem" I financed properties/projects in the $5mm-$50mm. I did many loans including a few that required multiple banks to be involved because 1 bank did not want the entire risk. I owned a mortgage company for 10 years before retiring. The majority of people over state the value of the property they are trying to finance. That is why we "the financial institution lending" do our due diligence to ensure value. Appraisals... Ever refinance your property, ask for x on loan because house has y value, then the banks have an appraiser come through and tell you house is really worth z, then you look at tax assesors value of wtf? I did , I told bank my house was worth 1.7mm so I could get a 300k line of credit. well appraiser said more like 1.6mm so we still took out 300k. tax assesor has our value at 7??K. according to NYAG and your business loan officer friend Im a criminal and would easily assume 80% of those who have ever refinanced are guilty as well. Nobody knows the value of their assets, thats why independent people/companies appraise the value for banks. These commercial appraisals are no joke and 10 times the volume of your normal house appraisal. EVERYONE in the transaction was fine with the value of Trumps beautiful and tremendous properties or NO money would ever had been transferred. misvaluing a propety is absolutely the norm at the onset of loan process. EVERYONE in NY should be concerned at what happened. ETA: let me add I have also sold off 16 properties (residential/multifamily and commercial)I owned over the last 3 years. in this Ca market I have listed and sold multiple over what the appraiser said the value was. in those instances the buyer stated on a loan application the property had x value then were told y value and had to come up with extra funds at close. did they commit fraud? did I? see how normal it is and how scary it should be. Not to devalue your experience, but I would have thought this was obvious to anyone who's bought/sold anything. I want to buy your widget. You say it's worth $200. I think it's only worth $100. Either we agree on a price (valuation), or there's no transaction. And if I don't value it at $200, maybe someone else comes along and thinks it's worth that, and pays you what you valued it at. I didn't think this was a hard concept at all, and I suck at selling/negotiating. |
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Posted: 2/21/2024 10:21:32 AM EST
[#39]
we have become Russia, if we stand up to them we will be destroyed too.
only God cab save us now |
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Posted: 2/21/2024 10:23:44 AM EST
[#40]
Quote HistoryQuoted: He should appeal and then sell everything he owns in New York I think a better revenge would be to donate them to a non-profit that houses illegals - make housing immigrants a condition of the gift. Take the tax right off and flood NY with even more immigrants. |
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Posted: 2/21/2024 10:24:30 AM EST
[#41]
Put a criminal minded thief in a government position. And all they can think about is how to steal from their victims. That's what destruction of America from within looks like. |
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Posted: 2/21/2024 10:25:03 AM EST
[#42]
Imagine you are one of Trump's kids/heirs and you are watching his assets being diminished in real time. None of them will ever miss any meals, but generational wealth that could have been passed on is likely gone.
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Posted: 2/21/2024 10:28:02 AM EST
[#43]
Quote HistoryQuoted: It isn’t about Trump. When the courts are this blatantly corrupt it could be anyone that is next. Anyone who doesn't see a template marxists can use to confiscate property wholesale is too busy with orange man bad on the brain to see the bigger picture. Luckily her public threats will look really good in an appeals brief. Because this kind of seizure of property is precisely what the Constitution is intended to prevent unless the state argues...as the governor already has...that this is only going to be a problem for Trump which also is exactly the kind of thing the Constitution is intended to prevent. |
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Posted: 2/21/2024 10:30:17 AM EST
[#44]
Quote HistoryQuoted: Even if that happened... how long before some business moved in to take advantage of the lack of competition? Quote HistoryQuoted: Quoted: Literally every business should sell everything off in New York. I’m willing to find out. Again, why would anyone volunteer to have everything they’ve created be taken away the moment someone in political office doesn’t like you? You’d have to be an actual bootlicker that’s perfectly okay with and overtly encouraging blatant fascism/ tyranny . |
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Posted: 2/21/2024 10:31:01 AM EST
[#45]
Quote HistoryQuoted: I wonder if the commies can put an injunction on them like they do during a divorce? Government taking of property can only occur after due process. At least according to the Constitution. This is all very obviously a government taking. Which means appeals have to be heard and decided on or it runs afoul of basic civil rights. I have no doubt the court system in NY state is eager to do just that. But federal courts may be more reluctant to sign their name to the utter destruction of basic constitutional principles. |
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Posted: 2/21/2024 10:33:08 AM EST
[#46]
Quote HistoryQuoted: Please, don't be naive. If a right-leaning AG tried it, they'd be shut down quick, fast, and in a hurry. Bet on it. The Left has tools at their disposal that we don't, because they control everything. It's their circus, and their monkeys. You're right. ...and that's why it should be done. The reason the constitution exists is because a bunch of people who didn't trust each other put together some boundaries to protect their interests from being overrun. The problem here is at its base, the progs are using weapons and tactics they do not expect to be used against them in kind. They need to be disabused of that notion. And the corrupt political actors on the courts need to understand that what they endorse today will be used on them tomorrow. That's the only way it stops. |
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Posted: 2/21/2024 10:34:54 AM EST
[#47]
Quoted: Four days after a judge ordered former President Donald Trump to pay $354 million in his civil fraud case, New York Attorney General Letitia James told ABC News that she is prepared to seize the former president's assets if he is unable to find the cash to cover the fine. "If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," James said in an interview with ABC News' Aaron Katersky. Trump was fined $354.8 million plus approximately $100 million in pre-judgment interest on Friday after Judge Arthur Engoron determined that he inflated his net worth in order get more favorable loan terms. MORE: Trump civil fraud case: Judge fines Trump $354 million, says frauds 'shock the conscience' The former president has denied all wrongdoing and has said he will appeal. Saying that she was "very confident" with the strength of her case on appeal, James reiterated that her office would not hesitate to seize Trump's assets -- mentioning Trump's 40 Wall Street skyscraper by name -- if the former president is unable to find the cash to cover the court-ordered disgorgement. "We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day," James said of the standard court process for collecting judgments in civil cases. James directly countered Trump's allegation that the case lacked any victims, instead describing her case as vital to ensuring financial markets treat New Yorkers fairly. https://abcnews.go.com/US/letitia-james-shes-prepared-seize-trumps-assets-pay/story?id=107381482 If she does that, I think she will drive a "martyr-vote" mentality. There's a good chance it will attract more attention to Trump, not prove what they think it will. A pyrrhic victory |
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Posted: 2/21/2024 10:49:33 AM EST
[#48]
Quoted: She should seize the assets first and then go to court for judgements. Take the |
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Posted: 2/21/2024 10:52:39 AM EST
[#49]
Quote HistoryQuoted: If she does that, I think she will drive a "martyr-vote" mentality. There's a good chance it will attract more attention to Trump, not prove what they think it will. A pyrrhic victory Keep in mind that these lawfare schemes are the brain children of the same sort of people who thought we'd be welcomed as liberators in Iraq. Or that the Arab Spring would do something other than empower the Muslim Brotherhood. They do not understand the consequences of their actions. |
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Posted: 2/21/2024 10:53:58 AM EST
[#50]
I have been keeping up with this nonsense on Youtube from people who are familiar with real esttate laws in NYS & NYC, and it is highly unusual. I hope this backfires on the Dems in Nov 2024.
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