Judge orders Trump to pay nearly $355 million in civil fraud trial

Chinese Sleeper Cell said:
still no damages.

you are the same people who believe in "mark to model" on the stock market.

remember when you fascist totalitarians floated, "mark to model"?

Mark to model
Mark-to-Model refers to the practice of pricing a position or portfolio at prices determined by financial models, in contrast to allowing the market to determine the price. Often the use of models is necessary where a market for the financial product is not available, such as with complex financial instruments. Wikipedia


https://en.wikipedia.org/wiki/Mark_to_model



where there is no market for a product it;s value is zero.

everything else is a lie.
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NO damages required for breaking the law. What are the damages if I drive home drunk and make it safely.
 
Jarod said:
NO damages required for breaking the law. What are the damages if I drive home drunk and make it safely.
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private contracts are generally left alone when no party to the contract is aggrieved.

you're destroying property rights and markets with your idiotic bullshit.
 
Jarod said:
NO damages required for breaking the law. What are the damages if I drive home drunk and make it safely.
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contract law is not policed in the same fashion.

it's not a clear a present danger, like drunk driving.

in contract law an aggrieved party to the contract brings a suit.

your legal idiocy is why you can't have nice things and are so stupid.
 
QP! said:
FLOL at your stupidity.

Business move in and out of every city in every State. What a meaningless statement to make.

And LOL at 'some truckers are refusing deliveries'. Again what a worthless statement to make. Some truckers refuse to do long haul and will only do local deliveries, because they want to be home at night with their families. What does saying that have anything to do with the state of long haul shipments?

You say more brain dead stuff than anyone else here.
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Okay then. Laugh away, until it isn't so funny anymore... :)
 
Jarod said:
Wrong, experts came in and testified about the science of valuation and market value. Additionally, Trump inflated the size of the Apartment he live in by more than twice its size. He claimed assets he did not fully own as if he were sole owner. He got valuation reports from experts he totally ignored.
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None of that--NONE--affected the outcome. Trump paid the loans back in full and the banks were satisfied. Those banks testified they got their loans paid in full. There was no crime, no victim, and the case was nothing but a show trial.

Now, in NY state, because of this case, any developer could be held liable by the state to whatever the state demands in cash for not, by the state's judgement, putting sufficiently accurate numbers on a property valuation for a loan. Any prosecutor or judge can simply make up whatever value they want and tell the developer they're wrong and to pay up.
 
T. A. Gardner said:
None of that--NONE--affected the outcome. Trump paid the loans back in full and the banks were satisfied. Those banks testified they got their loans paid in full. There was no crime, no victim, and the case was nothing but a show trial.

Now, in NY state, because of this case, any developer could be held liable by the state to whatever the state demands in cash for not, by the state's judgement, putting sufficiently accurate numbers on a property valuation for a loan. Any prosecutor or judge can simply make up whatever value they want and tell the developer they're wrong and to pay up.
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Then what's the worry? Trump will have it thrown out on appeal.
 
T. A. Gardner said:
None of that--NONE--affected the outcome. Trump paid the loans back in full and the banks were satisfied. Those banks testified they got their loans paid in full. There was no crime, no victim, and the case was nothing but a show trial.
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Terry, if a person starts a Mortgage Brokerage tomorrow, and advertises for clients who have been refused mortgages every where else and if that business attempts to get their first batch of mortgages approved by submitting to banks all fraudulent NINJA loan docs, and the bank reports it to the AG, do you believe the AG can move to charge and shut down that MOrtgage Broker, for fraud, even if not one loan was funded yet?
 
Mr.Badguy said:
So because one guy COMMITTED FRAUD that means no one else will want to c̶o̶m̶m̶i̶t̶ ̶f̶r̶a̶u̶d̶ do business? Do you mean to imply committing fraud is essential to business in NY?
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I'll give you a chance to rephrase this question.



i think the fact you're looking for is that this industry relies on private due diligence efforts in the areas the state is overreaching into.
 
QP! said:
Terry, if a person starts a Mortgage Brokerage tomorrow, and advertises for clients who have been refused mortgages every where else and if that business attempts to get their first batch of mortgages approved by submitting to banks all fraudulent NINJA loan docs, and the bank reports it to the AG, do you believe the AG can move to charge and shut down that MOrtgage Broker, for fraud, even if not one loan was funded yet?
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So, why doesn't the AG go after all the payday and title loan companies? That's what they do on a much smaller scale.
 
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