Just watched the first segment on NewsNation with Chris Cuomo. Chris had two attorneys on - names I didn’t recognize but all were of the same mind including Chris:
Who was victimized - by Trump?
Who was hurt - by Trump?
Who lost money - because of Trump?
It’s a proven record that banks love to do business with Trump.
Seems the fine is punishment for Trump’s refusal to admit he did something wrong - refuses to say he made a mistake. All admited there is nothing in the law that covers such missteps or mistakes.
As stated by me and others over and over but apparently never occurring to the NY AG, financial institutions do not use client’s numbers for their asset values. They do their own assessments.
Must be in NY, one could go to the bank tomorrow and fill out a loan with their property as collateral and state it’s worth at least $5,000,000.00 while it may be a hunting cabin on a lake in the mountains that’s worth $5,000.00. I pick NY not only because that’s where this case took place but also because there are tons of hunting cabins in the mountains in NY...
The bank testified that the difference is normal - after all, Trump is declaring what he thinks he can sell it for and the bank is determining what they think they can sell it for under bad conditions of foreclosure - and that any asset value over $100 million was sufficient for the loan terms he received. No one, not even James, disputes that Trumps assets were over 20 times that amount.