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To: Alberta's Child
The laws used in this prosecution have been on the books since 1956.

Its this type of crap, albeit mostly in the residential market, rocked the financial world in 07-08-09. We were incensed the big money people and banks were doing such things. Now we’re fine with it.

57 posted on 02/22/2024 4:07:20 PM PST by joesbucks (It's called love-bombing. Claiming he's saving the world. This is a cult. Just back away. )
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To: joesbucks

Want a towel for the wind spatter, Democrat boy?


59 posted on 02/22/2024 4:18:35 PM PST by kiryandil
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To: joesbucks
1. Nobody would have cared in 2007-09 if it only involved commercial lending with no FDIC protection for the lenders. And it's very telling that nobody was prosecuted under New York State law for any of the potentially tens of thousands (if not more) transactions involving banks, borrowers and investment banks in the CMO business in New York back in those days.

2. The facts of this case demonstrate the absurdity of having the government override or ignore the sound business practices of commercial lenders. The bank dude on the witness stand described how his bank cut Trump's personal net worth estimate in half after they reviewed all the documentation, and Trump still had something like ten times more than the minimum net worth he would have needed to qualify for the loan in question.

3. This is going to have impacts far beyond banking and real estate. Hell -- I myself was involved in two different ends of a commercial transaction in New York over the course of a decade in the early 2000s (buying and selling a business) ... and I probably could have been subject to civil complaints identical to the Trump case for BOTH transactions under this stupid law -- even though nobody involved in any part of either transaction would believe you if you told them the transactions were "fraudulent" by any measure.

74 posted on 02/22/2024 5:11:48 PM PST by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: joesbucks

Rot in hell scumbag. You deserve the same fate as this judge.


92 posted on 02/22/2024 7:33:10 PM PST by ohioman
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To: joesbucks

The law(s) you are referring to have never ever been used this way. You are a joke. A supporter of political persecution.


129 posted on 02/24/2024 7:23:08 AM PST by Chgogal (Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell.)
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