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NNTP-Posting-Date: Thu, 28 Mar 2024 20:40:49 +0000
From: BTR1701 <atropos@mac.com>
Newsgroups: rec.arts.tv
Subject: Re: Dispatches from Clown World: Actual NY Times Headline
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On Mar 28, 2024 at 12:44:01 PM PDT, "shawn" <nanoflower@notforg.m.a.i.l.com>
wrote:

> On Thu, 28 Mar 2024 17:41:20 +0000, BTR1701 <atropos@mac.com> wrote:
> 
>> On Mar 26, 2024 at 4:04:09 AM PDT, "FPP" <fredp1571@gmail.com> wrote:
>> 
>>>  On 3/25/24 8:43 PM, BTR1701 wrote:
>>>  
>>>>   Wait a minute. Trump's civil fraud verdict was based on the notion he
>>>>   systematically gave an incorrect valuation to his properties in order to
>>>>   deceive lenders (even though all lenders were repaid and none of them ever
>>>>   made complaints against him and all said they'd do business with him
>>>> again).
>>>>   
>>>>   Now, the New York Times admits that reaching a proper valuation for Trump's
>>>>   buildings is a "guessing game".
>>>  
>>>  Bullshit.  He lied.
>>>  
>>>  For loans, he inflated his valuations. For taxes, he lowered his 
>>>  valuations.
>> 
>> So when Trump takes out a loan and pays it back with interest, that's a
>> crime.
> 
> As Jon Stewart pointed out in his video Trump did pay the loan back
> with interest but much less than he would have if he had given the
> properties the proper valuation. Which amounted to a lot due to the
> sums involved.

It's not the borrower's job to make sure the property is valued correctly.
It's the lender's. When I refinanced my mortgage, the bank didn't just take my
word for the value of my property. They sent out an appraiser to determine its
value. If the banks in Trump's case didn't bother to do their due diligence
and just trusted the borrower's valuation, how is that Trump's fault?