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Deutsche Bank, which loaned hundreds of millions of dollars to Trump for properties in Miami, Chicago and Washington, cut his stated net worth in 2011 and 2012 from about $4.2 billion to $2.3 billion, according to internal bank credit memos. The same documents indicated the bank approved the loans anyway because it expected them to generate a profit based on Trump's history of successful developments and other criteria.
Trump, who denies wrongdoing and claims the case is politically motivated, is calling to the stand this week four current and former Deutsche Bank employees — including the family's former private banker Rosemary Vrablic — as part of his defense case, seeking to flip the script on the state's version of events. -Bloomberg
The testimony completely undermines AG James' premise, that Trump defrauded the German bank.
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First of all, this demolishes you previous theory (a joke really) that "you can put whatever value you want" - the bankers say now that they new the value was wrong, so there is a "right value" that does not depend on your imagination.
The banks are saying that they knew the valuation was wrong and accepted giving credits just on other considerations. The bank executives will have to answer to their own shareholders on why they are ok with fraudsters. The bank executives know perfectly well that they may be also open to a massive class action - effectively means that any shareholder of the bank can now sue them because they knowingly accepted a miss-valuation.
I know you are clueless about this, but the bank needs, for compliance, have assets against that type of credit or declare it as loss, possible loss, etc... If I am allowed an educated guess, these bankers are likely to have faked that in their accounts. There may even be jail time for some individuals for it.
Trump has to answer to the people of New York, that is irrespective of the banks dealings.
But let's look at proper news:
https://abcnews.go.com/US/live-updates/trump-fraud-trial/trump-never-risked-breaching-loan-covenants-banker-suggests-105213855?id=103642561
So the moment he signed the credit, he was already in breach of the covenants. The punishment for this is lower... but there's punishment.
I am also thinking that if the judge says this is all right, then it will be all right for any future use. Good luck to the banking system, but particularly to all shareholders of the banks.
Since you would rather have other people tell you what your property is valued at - as they do Trump - and since you would rather accept their valuation as your own rather than your own valuation, I now value the private property of your thinking as less than worthless in the world.
However, I want to thank you for continuing your valueless posts. It gives us something to laugh at. After all, we need humor in our lives. Besides, your posts help to keep Bitcointalk.org alive.
We're waiting for your next piece of humor. I mean, you said it - your acceptance of other people valuing your property like they are doing Trump's property. So, come on. Give us some more humor.
You have a big problem. You have your idea of how the world should work according to you. But you do not seem to understand the difference between your wishful thinking and real life. You live in an illusion in which you can live your philosophy - and impose it on others - as a standalone ignorant in a world that owes you some inherent respects for your rights. I have bad news for you: The world cares shit about you and what you think. Modern states are organised how they are for many reason, but the key takeaway for you is that you do not get to change them to suit your views.
Your ideals are ridiculous e.g. "the right to contract" - the right to contract does not exist in nature, it requires laws and the ability to enforce it, else a contract is as good as a cowshit.
For example - and I know you are an absolute ignorant on this, so just fucking google it - you do not get to put any valuation on an asset. There are strict rules on what the value is because if not people would be committing fraud after fraud. Your own fucking source is telling you that the bankers knew the values were wrong.
I also know your are also an absolute ignorant regarding micro-economics - so just fucking google this - "Offer and demand" - the price is formed by a point in which demand an offer meet. Not at whatever price the owner decides if nobody would buy at that price.
I have also figured out by now that you are also an ignorant on regards to history, law and in general any aspect of civilization. Just fucking go to Amazon and buy a few books.
You do not make the laws, you live under the laws made in a country with a system that is designed to solve problems without resorting to civil war, massive battles and breaking societies plus defending you capricious ass from the real bad people out there that would kill a stupid like you just for a minute of fun.
Said system includes, for example, the limits to a President authority, the illegality of arming mobs to assault the institutions, the authority of those that enforce the law,...If you want to change the basis of the US democracy and impose your tyranny, is not about winning the elections (which Trump could not even do the first time by popular vote BTW), is about a new civil war or, alternatively, get a supermajority willing to do so.
https://www.whitehouse.gov/about-the-white-house/our-government/the-constitution/#:~:text=An%20amendment%20may%20be%20proposed,in%20each%20State%20for%20ratification.
Just fucking bother to read the Constitution of your fucking country and try to understand what your vote means and what it does not mean what a president can and cannot do.
Either all that or you are an agent of China selling fentanyl to underaged Americans and polluting this forum with links to fake information.