Posted on 02/25/2024 4:53:35 AM PST by MtnClimber
Like millions of Americans before me, I’ve done exactly what Donald Trump did; namely, sought a loan based upon my best estimate of what my property was worth—and I didn’t look to what the tax assessor said in reaching that value. However, as part of the Democrats’ lawfare, Letitia James twisted a perfectly ordinary act into something evil, and a partisan judge put his imprimatur on her efforts. If it’s allowed to stand, the results will be devastating, not just for the political class but also for normal Americans.
In December 2020, I had to put my home on the market and move 1,000 miles away. Two months before, I’d considered refinancing my mortgage, and the bank gave me a valuation of $285,000. I thought it probably should have been higher, but didn’t really feel like taking the time to investigate because I wasn’t really that worried about it.
That changed in December when I was forced to worry about it. So, I reached out to a realtor friend (an actual realtor, not a guy with a side gig) and asked him to give me an estimate. He thought the house would probably sell for about $305,000, maybe $315,000 tops. Again, I was skeptical, so I started doing my own research. I looked at my community, what was available in my county, and what comparable houses were selling for. I also took note of the neighborhoods, roadways, schools, etc. After all of that, I estimated my house was worth about $400,000. I thought it could sell for $415,000 or even a bit more.
We put it on the market at $405,000 and, ten days later, it was sold with the buyers offering $395,000. We eventually settled for $400,000. I was confident it could have sold for more...
(Excerpt) Read more at americanthinker.com ...
The fine+interest total of nearly half a billion does seem like voodoo accounting to me, especially since he would have to pay an unjust amount just for a bond fee in NY. Could Engoron have fined trump a hundred million or so for contempt?
OF COURSE a rabidly partisan Democrat is going to ignore that.
He managed to ignore the fact that the banks "that got defrauded" wanted to continue doing business with "fraudster" Trump - just like stooge Engmoron, his corrupt Democrat hero, did.
Dem prosecutors, judges et al went too far with excessive fines... They’re going down.
You’re correct. Some did. Most didn’t.
I hope so. Maybe their TDS wives told them what to think.
From the summary of this decision made a little over five years ago and available to AG James and Judge Enron and sets the standards for all the courts in the country. Period. The 9 to 0 decision with Ruth Ginsburg writing the opinion states:
“The Eighth Amendment's Excessive Fines Clause is an incorporated protection applicable to the States under the Fourteenth Amendment's Due Process Clause. (Incorporation Doctrine)
The Fourteenth Amendment's Due Process Clause incorporates and renders applicable to the States Bill of Rights protections “fundamental to our scheme of ordered liberty,” or deeply rooted in this Nation's history and tradition.”
If a Bill of Rights protection is incorporated, there is no daylight between the federal and state conduct it prohibits or requires.
The prohibition embodied in the Excessive Fines Clause carries forward protections found in sources from Magna Carta (1215) to the English Bill of Rights to state constitutions from the colonial era to the present day.
Protection against excessive fines has been a constant shield throughout Anglo-American history for good reason: Such fines undermine other liberties. They can be used, e.g., to retaliate against or chill the speech of political enemies. They can be employed, not in service of penal purposes, but as a source of revenue. The historical and logical case for concluding that the Fourteenth Amendment incorporates the Excessive Fines Clause is indeed overwhelming.”
If there were no injured parties, the ratio of Engoron’s alleged “damages” to actual damages would be incalculable, i. e. dividing a positive number by zero.
“I have a friend who bought a house I helped flip. He paid about $175k when he was done he listed it at $275k. The buyer was willing to pay the $275k. The bank would only go $250k. Was my friend a criminal for trying to get the $275k?“
According to our current CORRUPT legal system, - yes.
However, it’s basically free-market capitalism working as it should!..
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