Posted on 02/21/2024 8:02:30 AM PST by SeekAndFind
While many on the left are cheering the recent civil fraud ruling ordering Trump to pay $355 million, famed entrepreneur and Shark Tank star Kevin O'Leary has been teaching a MasterClass on why it is unjust and could destroy New York.
One person who defended the verdict is CNN’s Laura Coates, who clearly doesn't understand the implications or perhaps even the details of the case.
"Wouldn't there be many companies who would not want to do business or loan money to people like yourself for investors if they know that they can get away with fraud and there's no recourse to protect them?" she asked.
"Excuse me, what fraud?" he asked. "This is not about Trump anymore."
"I know," she claimed.
"When you get a developer that builds a building and he says it's worth 400 million, and he wants to borrow 200 million from a bank, which happens every day everywhere on Earth, including every American city — every developer is an entrepreneur, they shine the light on their building, and they say it's worth 400. The bank does its own due diligence — as was done in this case, because they're very good at it, the banks are very good — and they say no, it's worth 300, we're only going to loan you 150 million. That haggling has gone on for decades, that's how it works."
(Excerpt) Read more at pjmedia.com ...
If the trucker boycott was effective, NY would be out of food by now.
I suspect he REALLY doesn’t want Epstein’s guest list revealed. He looks like he was a frequent flyer.
One thing thats odd (among others) is the fact that President Trump has to put up all the money or a bond proving he can produce it BEFORE he is allowed to appeal...
He only has 30 days to appeal...
Plus he has to appeal to the good buddies of the people who just shafted him...
Engeron declared President Trump guilty by summary judgement and skipped the trial phase altogether. Trump was not allowed to put on a defense of the facts. He was only allowed to call witnesses to mitigate the penalty.
-PJ
She got her D.I.E. ass kicked all over the place
Is his poster name PierreDeLecto?
Long time, no talk to! :)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.