Phyllis Diller
Was it me?
look how stupid you never trumpers are.....
Judge orders Trump to pay nearly $355 million in civil fraud trial
- Thread starter signalmankenneth
- Start date
False, harm was done to the more honest applicants.
When a party is allowed to get away with dishonest business practices, the free market suffers.
We have the courts and laws for the same reason professional sports teams have rules and referees.
Dutch Uncle
* Tertia Optio * Defend the Constitution
^^^
Chinese sleeper cell is pushing the views of anti-American monarchists like Canadian O'Leary.
I hope the FBI hunts all of you anti-American foreign agents down like rabid dogs.
Phyllis Diller
Was it me?
Phyllis Diller
Was it me?
no.
there are always estimates on loan forms.
attacking contract law when there is no aggrieved party is the end of trade.
due diligence is a thing.
Hahaha estimate. Hahaha, you are such a sycophant.
Phyllis Diller
Was it me?
you people are saying that the government can interfere in any contract.
congratulations.
you're china.
Dutch Uncle
* Tertia Optio * Defend the Constitution
you people are saying that the government can interfere in any contract.
congratulations.
you're china.
False. It has to do with an application for a loan, but it affects 0 elements of the contract for the loan. You are pure dumb.
This court case affected the Contract in no way. You are really a dumb shit arent you? These were not estimates, they were sworn statements of value.
Phyllis Diller
Was it me?
you are causing businesses to flee with your politicized interferences in trade.
gfm7175
Mega MAGA
What lie? The bank that he supposedly "defrauded" testified in DEFENSE of him.
There was no crime committed.
T. A. Gardner
Serial Thread Killer
Actually, it does for any developer in NY. Since the state was not a party to any of Trump's business loans, or contracts, and suffered no loss along with none of the parties (eg., Trump and the banks) suffering any loss, what this ruling effectively does is say to any other developer If you do business in New York state, and secure loans with real estate or other property, you can be held libel by the state and penalized to the tune of potentially millions, many times over what you may have borrowed or invested, on the whim of a zealous prosecutor who has a hard on to get you.
New York, by this ruling, no longer needs show a loss or other issue with a contract between a developer and a loan source like a bank. All the state needs do now is disagree with the value a developer places on their own assets like real estate, or other real property where the value can only be estimated. This means any prosecutor in NY could potentially bring a case against any developer for almost any reason and have precedent in case law to get a judgement in their favor against said developer.
The best thing any developer in the state of NY could do following that ruling is run as fast as they can out of the state taking all their assets with them, and selling off any that they can't take along.
QP!
Verified User
Contract law is meaningless if you say nothing claimed as a basis of the contract has to be truthful or accurate.
If your position is everything is allowed to be false then what would anyone ever be able to hold any other person to, in a signed contract?
That does not mean he did not lie to them.
NOt for what they may have borrowed or invested, only if they commit fraud in the application. If you do not lie in the application, you have nothing to worry about.
This actually helps business in NY.
QP!
Verified User
Businesses will flee if you say anyone can lie on any contract and that is fine to do. You have it backwards. Contract law is based on the principle few people will make material lies and do blatant fraud BECAUSE there is punishment for it.
The lies below are a few of over a dozen such doozies the judge cited and if you do not see the crime that is because you are painfully stupid.
Trump paid Cushman Wakefield to do a valuation on 7 Springs. They came back with ~$30MM. Trump instead gave the banks ones claiming it was worth ~$300MM which included lies that the property was already developed with 7 mansion homes on it (fully paid for), when that was not true and Trump had not even applied for and been granted permission to develop it yet.
Phyllis Diller
Was it me?
Businesses will flee if you say anyone can lie on any contract and that is fine to do. You have it backwards. Contract law is based on the principle few people will make material lies and do blatant fraud BECAUSE there is punishment for it.
The lies below are a few of over a dozen such doozies the judge cited and if you do not see the crime that is because you are painfully stupid.
Trump paid Cushman Wakefield to do a valuation on 7 Springs. They came back with ~$30MM. Trump instead gave the banks ones claiming it was worth ~$300MM which included lies that the property was already developed with 7 mansion homes on it (fully paid for), when that was not true and Trump had not even applied for and been granted permission to develop it yet.
banks do their own due diligence.
they were fine with it.