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The loan they went after him for in NY was repaid in full, and the bank did not complain about "overvaluation" because they know the risks and did their due dil
by wakawaka28 3y ago
The loan they went after him for in NY was repaid in full, and the bank did not complain about "overvaluation" because they know the risks and did their due diligence. Court agents who got elected on a platform of anti-Trumpism are abusing the courts to try to put him out of business. NYC and possibly the whole state are now banana republic territory where you can be attacked for political reasons. Nobody sane should want to do business there until they prove otherwise.
- Sai_ 3y agoI’ll take a judge’s verdict on the topic over yours, if you don’t mind. Trump is on record - in the 2016 presidential debates, no less - claiming that gaming the system (by not paying his fair share of taxes) makes him smart. Not prosecuting him and holding his feet to the fire is a worse look for NYS/NYC. Not showing undue deference to a former president is actually something the state should be very proud of. It’s the opposite of banana republic level corruption when you realise that they’re aiming for the (former) king and can’t afford to miss…which they aren’t.
- wakawaka28 3y ago[flagged]
- wakawaka28 3y ago>Trump is on record - in the 2016 presidential debates, no less - claiming that gaming the system (by not paying his fair share of taxes) makes him smart. This is in reference to using the same legal loopholes that other rich people use, including rich liberal celebrities and politicians. He's not wrong, he was being honest about what rich people do. Liberals don't even admit they're filthy rich most of the time. What is "fair"? That is an opinion. We don't have to pay according to any random person's idea of fairness. We have to pay according to the law. The bank here had no complaints, and they would have if there was an actual problem. I don't care what some TDS having judge says about that, and neither should you.
- Sai_ 3y ago> The bank here had no complaints Didn't they, one by one, stop doing business with him? That's pretty damning. Plus, his guilt was proven in a court of law. Does it matter that no bank took him to court before this? Look at the size of punishment - some $350M over the course of the lifetime of his company. Could a bank have looked at the number and decided that going after Trump for an average amount of 5-10 million dollars every year wasn't worth it? It's just better to stop doing business with him. It isn't like Trump was stiffing them for a billion dollars a year. > TDS having judge NOW we are reaching banana republic status when regular people like us start doubting the trustworthiness of institutions like the court system with no evidence of corruption. Wondering if you have the same concerns about the Delaware DA (Trump appointee) prosecuting Hunter Biden or Richard Hur (R lawyer) claiming Biden has poor memory and is easily confused. Are they suffering from BDS or are they just telling it like it is? And what makes you sure that either answer you choose will not be contested by someone else like you? > neither should you Like I said before, I'll take a judge's opinion on this than wakawaka28's.
- bitsage 3y agoThe whole episode reminds me of “Give me the man and I’ll give you the case against him”. Given the universal practice of inflating valuations in New York and even lying about square footage on commercial leases, James should be filing a lot more civil suits.