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

T. A. Gardner said:
The odds are he wins the appeal. If not, NY is in serious trouble.

This will only exacerbate the flight of businesses from the state.
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I'll take that bet. At most, he might see a reduction in some areas, but my understanding is that the State of New York crossed their "T's" and dotted their "I's". Trump broke the law and now he's paying for it.

Your Trumpish fearmongering is funny, Terry. LOL
 
Doc Dutch said:
I'll take that bet. At most, he might see a reduction in some areas, but my understanding is that the State of New York crossed their "T's" and dotted their "I's". Trump broke the law and now he's paying for it.

Your Trumpish fearmongering is funny, Terry. LOL
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sure.

enforcing the border is anti-business.

but interfering in private contracts is just awesome.

your mind is a jumble of retarded idiotic snake farts.
 
T. A. Gardner said:
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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that is not the right question.

You are arguing there is no crime to go after, even if the documents are fraudulent as long as they cannot show a victim.


And i would ask you to cite any example of payday or title loan company KNOWN by the AG to have submitted clearly fraudulent doc's who the AG turns a blind eye to since that is your claim?

So again, i ask you the question you did not answer which is 'if the State AG becomes aware (whistleblower) that this new firm is creating and sending various banks all fraudulent NINJA loan applications', can the AG charge them with fraud and shut them down, even if not one loan has been funded yet?
 
QP! said:
that is not the right question.

You are arguing there is no crime to go after, even if the documents are fraudulent as long as they cannot show a victim.


And i would ask you to cite any example of payday or title loan company KNOWN by the AG to have submitted clearly fraudulent doc's who the AG turns a blind eye to since that is your claim?

So again, i ask you the question you did not answer which is 'if the State AG becomes aware (whistleblower) that this new firm is creating and sending various banks all fraudulent NINJA loan applications', can the AG charge them with fraud and shut them down, even if not one loan has been funded yet?
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it is the right question, retarded monkey feces salesman.
:truestory:

there is no crime to go after.
 
Jarod said:
The victims were the other more honest loan applicants who didn't get the loans or got higher interest rates. Very similar to insider trading.
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no they aren't.

if the bank wants the deal they do the deal. there is no limit to what can be loaned.

this is the nature of fiat currency.



it's not similar to insider trading at all.
 
T. A. Gardner said:
The odds are he wins the appeal. If not, NY is in serious trouble. This will only exacerbate the flight of businesses from the state.
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I doubt you can find any legal experts siding with your 'odds'.

Documents fraud are the bread and butter cases of the NYS AG. They prosecute these type cases more than any other and few give all the documented clear fraud evidence Trump did.

Trump did not even deny ANY of the documented fraud the judge detailed and just kept saying 'no victim.. no fraud' not understanding the NYS statute DOES NOT require a victim. Submitting fraudulent doc's is enough.

This will end up just being another, in the long line of things you are wrong about.
 
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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Not a Crime, its a law that allows a penalty for corporations. No damages required, no victim required, (although there are victims). This case did not change the rules in NY, any developer could have been held liable by the state when they lie on loan applications, it even says so right on the form. This case, in no way whatsoever changed the pre-existing law.


How stupid are you? Do you not understand our legal and legislative system?
 
Chinese Sleeper Cell said:
oh trump was left alone?

really?

i thought there was big decision against him?
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Trump is not the Contract. You are so stupid.

If this case causes developers to be more honest in their applications, the law has done its job. Major improvement for the business system.
 
QP! said:
NYS business market place is harmed you simple minded twit.

YOu cannot open a Mortgage Brokage tomorrow and advertise you will get everyone loans when no one else can. And that is then because you change all their info to remove anything derogatory from their file and you lie and make up assets and income for them (NINJA loans).

If you do that, and some Bank finds out based on the mortgages you submitted to them, and reports you, even before any bank has funded a penny on those fraudulent applications, YOU ARE STILL GUILTY OF FRAUD.

Can you understand that, you simpleton? The Fraud exists even if not one penny was put out. The Fraud is the documents submitted.

[/QUOTEQPeeeeeeeeeeeeeeeeee derp, derp, derp
Bullshit, no one was harmed including the banks that said they were happy to continue doing business with Trump.
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Chinese Sleeper Cell said:
no they aren't.

if the bank wants the deal they do the deal. there is no limit to what can be loaned.

this is the nature of fiat currency.



it's not similar to insider trading at all.
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You believe a bank has unlimited funds to loan? You are silly. Banks have a balance sheet. Banks are investigated and monitored, they can only make so many loans based on the creditworthiness of the borrowers. THey can loan a limited percent of their assets to higher risk individuals and must keep a certain percent in reserve. Its designed to make another Savings and loan nightmare less likely. IT did not work with BearSterns, but the laws are even more tight now.

In the end it does not matter. The law was passed by the NY legislature and enforced by the AG. The Judicial branch evaluated the evidence and made a ruling.
 
Jarod said:
You believe a bank has unlimited funds to loan? You are silly. Banks have a balance sheet. Banks are investigated and monitored, they can only make so many loans based on the creditworthiness of the borrowers. THey can loan a limited percent of their assets to higher risk individuals and must keep a certain percent in reserve. Its designed to make another Savings and loan nightmare less likely. IT did not work with BearSterns, but the laws are even more tight now.

In the end it does not matter. The law was passed by the NY legislature and enforced by the AG. The Judicial branch evaluated the evidence and made a ruling.
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what determines the limit on how much a bank can loan out?
 
Lionfish said:
QPeeeeeeeeeeeeeeeeee derp, derp, derp
Bullshit, no one was harmed including the banks that said they were happy to continue doing business with Trump.
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NO one is harmed in my Mortgage Broker fraud example LyingFish, as not one loan was funded yet.

Are you so stupid you think that means the AG cannot charge them with fraud and stop them when they are caught red handed submitting fraudulent Ninja loans?

Oh ya, you are. :laugh:
 
Chinese Sleeper Cell said:
what determines the limit on how much a bank can loan out?
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Their assets and the rules of the federal monitors. They have rules about how much risk they can take based on their assets and balance sheet. The government does not just give them unlimited cash to lend.
 
Jarod said:
You believe a bank has unlimited funds to loan? You are silly. Banks have a balance sheet. Banks are investigated and monitored, they can only make so many loans based on the creditworthiness of the borrowers. THey can loan a limited percent of their assets to higher risk individuals and must keep a certain percent in reserve. Its designed to make another Savings and loan nightmare less likely. IT did not work with BearSterns, but the laws are even more tight now.

In the end it does not matter. The law was passed by the NY legislature and enforced by the AG. The Judicial branch evaluated the evidence and made a ruling.
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We Just Went From Fractional Reserve Banking To Zero Reserve Banking And It’s A Pretty Big Deal

I don’t know if you paid attention to what happened in March of 2020 with all the coronavirus talk but the U.S. got rid of its reserve banking requirements during this crisis.

We just went from a fractional reserve banking system to a zero reserve banking system.

https://medium.com/navigating-life/...anking-and-its-a-pretty-big-deal-c501432e9be6



Reserve Requirements
As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.

https://www.federalreserve.gov/mone...-c501432e9be6--------------------------------
 
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