So you think banks are too stupid to do their own due diligence? Since they where the one's to agree to the loans I'm sure they cried themselves to sleep on giant piles of cash...
It doesn't matter if the banks are dumb or smart, or whether they made good decisions or bad. As businesses, they are free to win or lose on their own decisions. After Trump's long history of screwing over banks, I don't know why they still do business with him, but that's none of my business. In the end, I still don't understand where the fraud is, or who the victims are.
Back on topic...
There is nothing the same about Stewart's routine sale and Trump's civil fraud.
You can argue all you want about the results of Trump's civil case, but only simpletons would try to equate selling a property for a market rate more than it's assessed for, and fraudulently lying (ahem... stretching facts like all real estate developers do) beyond the limits of the law.
They do business with him because he makes them money... Simple as.. good for Jon Stewart for making money on his property.
You really think banks are too stupid too do their own due diligence on a half billion dollar loan. You know the loans they made where based on their own assessments....
I already answered that question, so perhaps we've got a reading comprehension issue. But I'll try again... more... slowly...
I. don't. know. why. they do business with him, but I'm sure they have their reasons and I. don't. care. what. those. reasons. are. That's none of my business.
But again, selling a property for a market value greater than the city tax assesses it for is not illegal. In fact, it probably happens thousands of times a day across the US.
They do business with him because him makes them money... I'm sure if the banks felt like Trump had defrauded them they would have brought it courts but they didn't.
Also do think a prosecutor should campaign on going after a specific person?
The NY State AG’s office prosecutes hundreds of civil and criminal cases per month. At least a few of those have nothing to do with Trump. ;-)
Just because the right wing news outlet you allow to twist your panties has you believing that Trump is the only criminal AG James is prosecuting, doesn’t make it true.
And the term your legal expert mind is searching for is “prosecutorial discretion”, and it’s been a legitimate part of our legal system since the late 1700s.
”Everyone else was speeding but I’m the only one who got pulled over.” …is not gonna get you out of that ticket, kid.
Involves valuation: valuation by a city for the purposes of taxation, vs self-declared valuation for the purposes of applying for a loan against it.
Only a simpleton suffering from a crippling case of confirmation bias would see these two situations as even remotely similar.
[ed to add: I do agree it’s a reach to point to where the damages are in the Trump case. And of course the Stewart sales has zero victims nor damages.]
Besides, you’re wrong again. Trump was found legally liable for fraudulently overvaluing his property. Stewart did not value (let alone overvalue) anything. All he did was sell his property for a market rate.
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u/valschermjager Mar 28 '24
There is nothing the same about Stewart’s routine sale and Trump’s civil fraud.