The (many) indictments of Donald Trump

[LibertyVol]

read the article and see what the banker says

Deutsche Bank did its own due diligence to estimate Trump's net worth, landing on a figure that differed from Trump's reported net worth by over $2 billion -- but the difference didn't concern the bank, according to testimony from managing director Dave Williams.

Trump reported a net worth of nearly $5 billion in 2013, according to documents shown at trial. The bank's own Valuation Services Group produced an estimate of only $2.6 billion, a difference that Williams described as "not unusual or atypical."

If the bank did its own due diligence and loaned Trump money on the 2.6 billion then it is on the bank. Nothing on that one.

 

[LibertyVol]

With his attorneys claiming he's paid off "illegally obtained" mortgages, they might have opened the box for the loans he didn't pay off via bankruptcy regardless of location.

How did he obtain the loans illegally?

 

[Orangeburst]

If the bank did its own due diligence and loaned Trump money on the 2.6 billion then it is on the bank. Nothing on that one.

we have hundreds of thousands of people that cant or wont pay off legally binding student loans and rather than bankruotcy they demand it be paid by the public.

 

[Orangeburst]

I see they are looking for $400M fine. Incredible.

 

[BernardKingGOAT]

How did he obtain the loans illegally?

With fraudulent financial statements

 

[LibertyVol]

With fraudulent financial statements

So the bank relied on financial statements (I assume unaudited) did an evaluation of his assets, and loaned him the money which he paid back. Not seeing where there is a fraud. Is there a number or amount that Trump defrauded the bank? My understanding is the banks had no issue with Trump.

 

[Sea Ray]

If you illegally obtain a mortgage, but still pay it off, you have broken a law with no victim. Not saying that's what Trump did, but that seems to be the argument that's being made. And it's a fair one if they can prove it.

If that's the case then it sure sounds it's petty and not something they'd do to any other former President

 

[jmacvols1]

Did Deutsche Bank Just Destroy New York AG's Case Against Trump? | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[davethevol]

So the bank relied on financial statements (I assume unaudited) did an evaluation of his assets, and loaned him the money which he paid back. Not seeing where there is a fraud. Is there a number or amount that Trump defrauded the bank? My understanding is the banks had no issue with Trump.

If I read it correctly, the guy from the bank testified that what Trump did is common in banking and didn’t cause them any concern. He also went on to explain how they renegotiate loans if they think there are any issues.

 

[Orangeburst]

If I read it correctly, the guy from the bank testified that what Trump did is common in banking and didn’t cause them any concern. He also went on to explain how they renegotiate loans if they think there are any issues.

Arent these financial docs between a banker and the client? Why does the gov get to use these if the bank accepted them and are not the ones filing the charges? A bank can make any loan on its own terms.

 

[SpaceCoastVol]

Most of what he stated he would do were lies.
DJT stated a lot things and 90% of his accomplishments were lies after the fact.
IOW, he did nothing but claimed a lot.
Trump stated I will drain the Swamp =He made the swamp bigger with Branding, Rhetoric threats, and lies.
As a result it caused a split in the Republican Party, ran some off and gave control of the Republican Party to 8 unfit idiots.
Now that the truth comes out, deny, deny, lie and deny---Trump's answer for everything.
What has Trump delivered? All he did was muddy the waters of which he had no clue how to handle.
He was the laughing stock of many world leaders and climbed into bed with the ones that were known threats to this country.
Trump is EYE WASH and a LIAR. nothing more, nothing less, nothing else.

You mad?

 

[SpaceCoastVol]

I don't think anyone's afraid. We do wonder how the hell his supporters don't pay attention. Rex Tillerson and Mad Dog Mattis say he's scum. How many people, who were celebrated cabinet appointments, have to say he's garbage before his followers accept it? Sexy Rexy wasn't a .gov plant. And I can name more. I wasn't excited about trump from day one. I did have hope bc of his cabinet. Now they all say he's POS. Yet Trumpers ignore it

But we're so much better off now.

 

[Septic]

If I read it correctly, the guy from the bank testified that what Trump did is common in banking and didn’t cause them any concern. He also went on to explain how they renegotiate loans if they think there are any issues.

They're circling the wagons, Deutsche Bank wouldn't want its shareholders or investors to find out they were sleeping at the wheel.

 

[LibertyVol]

Arent these financial docs between a banker and the client? Why does the gov get to use these if the bank accepted them and are not the ones filing the charges? A bank can make any loan on its own terms.

I would agree. However, I guess you could have fraud if the financial statements were fraudulent. They probably were either unaudited or maybe reviewed financial statements. If I was loaning money I would not rely on these at all and I am sure the bank did not. If I wanted to look at profitability I would look at his income tax returns and his assets which they did. I would not loan my mother money without being very careful. Especially the amounts they loaned Trump.

 

[Orangeburst]

They're circling the wagons, Deutsche Bank wouldn't want its shareholders or investors to find out they were sleeping at the wheel.

Fail. he admitted on record these loans were not atypical.

 

[Septic]

Fail. he admitted on record these loans were not atypical.

Of course not. I'm sure they loaned money on fraudulent applications all the time.

 

[Orangeburst]

Of course not. I'm sure they loaned money on fraudulent applications all the time.

 

[rekinhavoc]

For the post above.

 

[AM64]

I don't know the details. But if he misrepresented his worth, and assets, to obtain a loan then that's fraud. And if he bankrupted those properties then there is obviously a victim.

It seems like any bank should have no problem finding the appraised property tax assessment and refuse the loan unless the applicant can prove a different valuation ... or the bank can have the property assessed independently as a cost of doing business. Would you buy something based solely on the seller's valuation without a look at condition and knowing a bit about the market? Now if someone didn't actually own property claimed as collateral, that's a whole different story. It seems the bank is holding all the cards; if they choose not to play them, shame on the bank.

 

[AM64]

I see they are looking for $400M fine. Incredible.

So this Trump trial is really just attempted theft ... it's simply termed "legal seizure" or "fine" if it's government backed "justice".

 

[LibertyVol]

They're circling the wagons, Deutsche Bank wouldn't want its shareholders or investors to find out they were sleeping at the wheel.

Nobody is circling the wagons. I assure you Deutsche bank was not sleeping at the wheel. Nobody loans that kind of money to anybody without looking at it every way imaginable. The bankers know what they are doing. Or at least they better or they won’t be in business long. I am sure they had a team of people looking at it. And it looks like they got it right. The shareholders and investor don’t give a ****. The money was repaid. Damn.

 

[AM64]

So the bank relied on financial statements (I assume unaudited) did an evaluation of his assets, and loaned him the money which he paid back. Not seeing where there is a fraud. Is there a number or amount that Trump defrauded the bank? My understanding is the banks had no issue with Trump.

The real problem should lie with the bank vs the bank's other customers and insurors if the bank loaned money without evaluating the value of the assets pledged as collateral. If there's a lawsuit here, the state should be suing the bank on behalf of the bank's depositors or the bank's insurors; but it seems that nobody looks into banks these days until they fail.

 

[BernardKingGOAT]

So the bank relied on financial statements (I assume unaudited) did an evaluation of his assets, and loaned him the money which he paid back. Not seeing where there is a fraud. Is there a number or amount that Trump defrauded the bank? My understanding is the banks had no issue with Trump.

The second part of that you're not getting is the loans he didn't pay back through bankruptcy. If those loans were obtained with fraudulent financial statements, he's . They opened the door with this line of defense.

 

[LibertyVol]

The real problem should lie with the bank vs the bank's other customers and insurors if the bank loaned money without evaluating the value of the assets pledged as collateral. If there's a lawsuit here, the state should be suing the bank on behalf of the bank's depositors or the bank's insurors; but it seems that nobody looks into banks these days until they fail.

We both know this is not about the banks or the loans, etc. it is about Trump. The root of all evil.

 

[LibertyVol]

The second part of that you're not getting is the loans he didn't pay back through bankruptcy. If those loans were obtained with fraudulent financial statements, he's . They opened the door with this line of defense.

Again, if the banks loaned money (billions) just off unaudited financial statements, which they didn’t, then they are stupid as hell. The loans were paid back. I don’t know about the bankruptcy thing you refer. However, I would assume those banks would come after Trump for the money they loaned. Who didn’t get paid and how much was it?