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New York Attorney General takes initial step to prepare to seize Trump assets

ElChupacabra said:
:ROFLMAO::ROFLMAO::ROFLMAO:

If he's got money to blow on lawsuits, by all means, but he hasn't fared very well on the many he's brought. Now let's see what legal ace Deroy Murdock has to say:


It's a shame he's not a lawyer who could put his money where his mouth is and represent Trump in this case.
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It is a shame because he's a smart guy, buy I'm sure he knows someone who is a good lawyer. Leticia is a nasty racist pig.
 
ElChupacabra said:
If he's making comments like the one he did, not so much.
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Sounds like civil rights violation to me. What if a White AG candidate said "The current AG office is too fat, too Black and too slack".
 
Athanasius68 said:
Maybe Trump doesnt borrow at the higher rates.
its all hypothetical.


No. The money was paid back.
With interest.
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Less interest than was required so he didn’t pay it and several times (7) he claimed bankruptcy and didn’t pay then either
 
ClaraD said:
Less interest than was required so he didn’t pay it and several times (7) he claimed bankruptcy and didn’t pay then either
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There is no law mandating a certain interest rate to be charged.
 
Athanasius68 said:
We don't know that.
It's speculation.
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Wrong. We do know that. It's literally the reason that Trump moved his business from the Commercial Real Estate loan section at Deutsche Bank to the "Personal Wealth" (or whatever) loan department - for better rates. The issue for Trump is that he had to commit fraud in order for it to appear like he met the requirements put forth by the "Personal Wealth" loan contracts.

Have you not been paying ANY attention to the facts of this case? 🤨
 
hooligan said:
Wrong. We do know that. It's literally the reason that Trump moved his business from the Commercial Real Estate loan section at Deutsche Bank to the "Personal Wealth" (or whatever) loan department - for better rates. The issue for Trump is that he had to commit fraud in order for it to appear like he met the requirements put forth by the "Personal Wealth" loan contracts.

Have you not been paying ANY attention to the facts of this case? 🤨
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But it is speculation as to what the rates would be (should be?).
That's all that is being said here.
 
Athanasius68 said:
But it is speculation as to what the rates would be (should be?).
That's all that is being said here.
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Precisely how much higher would be speculation, sure. So what?

The reality is that Trump moved his business, fraudulent as it was, to a different loan office because it was a benefit to him to do so. That's not speculation.

If you want numbers to compare, read Engoron's verdict:


...In calculating the interest rate differentials for the perceived credit risks with and without a personal guarantee on the Doral loan, McCarty took the competing loan proposal terms that Deutsche Bank’s commercial real estate group had offered (which was LIBOR + 8% with a floor of LIBOR + 2%, or 10%) and compared them to the terms extended by Deutsche Bank’s Private Wealth Management Division that were contingent upon a personal guarantee from Donald Trump (which was between 1.8% and 4.1%, depending on whether it was pre- or post-renovation)...

So, rates of 1.8% to 4.1% via Private Wealth Division compared to AT LEAST 10% from the Commercial RE division. That's not speculation.



Today, LIBOR + 8% would be a whopping 13.44%.

LIBOR: The London InterBank Offered Rate

LIBOR: The London Interbank Offered Rate (LIBOR)
fedprimerate.com
 
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hooligan said:
Precisely how much higher would be speculation, sure. So what?
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hooligan said:
The reality is that Trump moved his business, fraudulent as it was, to a different loan office because it was a benefit to him to do so. That's not speculation.
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hooligan said:
If you want numbers to compare, read Engoron's verdict:


...In calculating the interest rate differentials for the perceived credit risks with and without a personal guarantee on the Doral loan, McCarty took the competing loan proposal terms that Deutsche Bank’s commercial real estate group had offered (which was LIBOR + 8% with a floor of LIBOR + 2%, or 10%) and compared them to the terms extended by Deutsche Bank’s Private Wealth Management Division that were contingent upon a personal guarantee from Donald Trump (which was between 1.8% and 4.1%, depending on whether it was pre- or post-renovation)...

So, rates of 1.8% to 4.1% via Private Wealth Division compared to AT LEAST 10% from the Commercial RE division. That's not speculation.
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Again, Trump doesn't have to take the loan.
Maybe he declines and the bank makes a new offer.
It's all speculation.
 
Athanasius68 said:
Again, Trump doesn't have to take the loan.
Maybe he declines and the bank makes a new offer.
It's all speculation.
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Now your moving the goalposts - before it was speculation about how much the difference in interest would be. Now you're claiming "maybe Trump wouldn't take the loan" - WHICH IS IRRELEVANT to the case. He did take the loan that required him to commit fraud. Period. The end.
 
hooligan said:
Now your moving the goalposts - before it was speculation about how much the difference in interest would be. Now you're claiming "maybe Trump wouldn't take the loan" - WHICH IS IRRELEVANT to the case. He did take the loan that required him to commit fraud. Period. The e
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The claim is that Trump 'defrauded' the bank out of a half billion dollars because he took a loan at an interest rate he would not have received had his figures been straightforward.

It's speculation. We don't know what Trump would have done being presented with the higher rate.
Maybe he walks away.
Maybe the bank offers a different rate.

The calculations of McCarty are based on the assumption that nothing changes for Trump. He takes the loan no matter what is offered.
 
Athanasius68 said:
The claim is that Trump 'defrauded' the bank out of a half billion dollars because he took a loan at an interest rate he would not have received had his figures been straightforward.

It's speculation. We don't know what Trump would have done being presented with the higher rate.
Maybe he walks away.
Maybe the bank offers a different rate.

The calculations of McCarty are based on the assumption that nothing changes for Trump. He takes the loan no matter what is offered.
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Look who's "speculating" now. ;)

Trump did defraud the bank. That's not a claim, it's established fact.

What other banks offered him any other loans? Surely you're not claiming Trump had the liquid assets to forego borrowing.
 
hooligan said:
Look who's "speculating" now. ;)
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But I can speculate on the issue.
I am not making an enforceable legal judgement.
hooligan said:
Trump did defraud the bank. That's not a claim, it's established fact.
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Part of the reason why the bond amount was reduced was probably the appeals court recognized we had a situation where no fraud was actually established.
hooligan said:
What other banks offered him any other loans?
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Who knows? But thats the point. Maybe Trump goes elsrwhere.
hooligan said:
Surely you're not claiming Trump had the liquid assets to forego borrowing.
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Maybe he decides not to borrow and to forego what he was planning to do.
Maybe he borrows less money.
 
Athanasius68 said:
Part of the reason why the bond amount was reduced was probably the appeals court recognized we had a situation where no fraud was actually established.
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More "speculation".
 
Athanasius68 said:
Who knows? But thats the point. Maybe Trump goes elsrwhere.
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Maybe a bank robber decides not to rob a bank. "Maybe" is irrelevant. Trump did.

The actual point is that we don't know "going elsewhere" was actually an option for Trump. In case you hadn't noticed - lenders were not flocking to Donald, begging him for his business - that's how he ended up at the embattled Deutsche Bank in the first place.
 
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