National Park wrote:
Under New York law fraud is fraud. It doesn't matter if the banks got paid, or that everyone else is also committing fraud. It's still fraud, and it's against the law. The purpose is to stop fraud because fraud increases the risk for lenders. Next time you get a speeding ticket for going 90 in a 60, tell the cop that he shouldn't can't give you a ticket because no one got hurt and "every other" driver is also speeding. Let me know how that works out for you.
And exactly how do you know that "every other developer in the State of New York" is similarly guilty of fraud? I've heard this mantra from various talking heads, but have yet to see any credible evidence supporting it. Of course, when people say that Trump shouldn't be prosecuted because nobody got hurt and everyone else is doing it, they have essentially admitted that Trump did in fact commit fraud.
The disclaimers are a joke. You are required by law to submit accurate information when you apply for the loans Trump applied for. The onus is on you to submit accurate information; banks have neither the staff nor the time to run around and make sure all of the information you submitted is correct. You can't escape liability by including a bogus disclaimer accompanying your financial information. Next time you apply for a loan for a car or a house go ahead and lie about your financials and put a disclaimer on your application. Let me know how that works out for you.
Under New York law fraud is fraud. It doesn't mat... (
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Getting a reduced speed on a speeding ticket or converted to a failure to comply or tail light out etc. happens all the time. Leniency in front of a judge depends on how many other tickets you have earned and if you are a demonstrated risk to other drivers.
Banks are in the business of loaning money, don't try and sell that banks don't do due diligence in making sure a loan is good- they have exactly the staff and all the the time they need to run their business. The bigger their exposure, the exact amount of diligence do they employ. I have never heard one that depends on a DA to look over their shoulder in order to make a profit... maybe you can show us another example.
Banks determine if they need or can afford to lend you money, and if so, at what rate. I paid a lot less with the bank for my house than the one I originally went to, same everything- why the difference?? Did I defraud the one I went to? Do I care? We signed papers, and I have lived up to my word, they lived up to theirs. Called business. Tell us, did you go with the highest rate?
On other business I have had, they have never been too busy to quote me a rate on which they determined they would do business with me... and if I don't like their rate, I shop around till I find a better one. I did this same thing for car loans, real estate and credit cards, as well as bank fees on business accounts. And guess what- not a single DA did they need in sight!
If one of Trumps banks found out that things weren't kosher, that they felt the loan was at risk, they would have brought the suit ... but much to everyones surprise except the hypocritical dimocrats, there were no complaints, only a corrupt DA who ignores criminals and crime running rampant on the streets of NY, concentrating on exactly one political foe.
Now ignore the raft of specious lawsuits brought against him since he walked down the stairs... in all the years Trump has done business, how in the world did all these line up to be timed for the critical period of a run for the presidency, how absolutely fortuitous to the crime family called Biden. And now senility is even protecting him on the legal front, the report said he willfully and intentionally mishandled documents but he is too senile to stand trial, but he is sharp and crisp and attentive mentally to run the country- which is it???? ROFL you can't make this stuff up.
Here is the thing, he will never pay the 350 million, and that is something that doesn't matter, the lawsuit's timing was the goal, not the penalty. The DA's job is done... now she can go back to chasing business's out of NYC...
I think its humorous the mental hoops the dems will go to to avoid running on the issues against anybody - then pretend their dirty tricks are not anti American and call anybody calling them out on it... anti-democratic... the technique is called projection.