Replies

No bank lends money without a brutal vetting of the applicant’s holdings.

And even if Trump did everything the prosecutor says he did, this would be a civil matter between the lenders and Trump.

None of the lenders have filed suit against Trump in this matter — for two reasons:

1. The loans aren’t in default, which means the lenders have no standing to sue because they can’t demonstrate that they’ve been harmed (which also means there’s no basis for a criminal case).

2. Any bank that sued Trump over this would get laughed out of court for failing to do its own due diligence (through third-party appraisals, for example) before lending money. Imagine being the CEO of a bank testifying in court that you lent money to a customer based on the customer’s own representations about the value of his properties. “My $250,000 home is worth $2 million, Mr. Mortgage Officer. I swear!”

38 posted on 09/01/2023 9:52:06 AM PDT by Alberta's Child (“Freedom is just another word for nothing left to lose.”)

To: Alberta's Child

Good points.....

......even if Trump did everything James says he did, this would be a civil matter between the
lenders and Trump. It is notable that NONE of his lenders have filed suit against Trump in this matter.

40 posted on 09/01/2023 9:57:10 AM PDT by Liz (More tears are shed over answered prayers than over unanswered ones. St Teresa of Avila)

To: Alberta's Child

Imagine a bank Ceo testifying that he lent money based on the customer’s own representations
about his property’s value. “My $250,000 home is worth $2M, Mr. Mortgage Officer. I swear!”

LOL.....good one.

43 posted on 09/01/2023 10:00:58 AM PDT by Liz (More tears are shed over answered prayers than over unanswered ones. St Teresa of Avila)

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