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From: FPP <fredp1571@gmail.com>
Newsgroups: rec.arts.tv
Subject: Re: Dispatches from Clown World: Actual NY Times Headline
Date: Fri, 29 Mar 2024 10:08:11 -0400
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On 3/28/24 4:40 PM, BTR1701 wrote:
> 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?


Yes it is.  Ask any accountant.  The borrower has to sign the 
valuations, like the Trump's did.

-- 
"Thou shalt not make a machine in the likeness of a man’s mind." - OC 
Bible  25B.G.
https://www.dropbox.com/s/ek8kap93bmk0q5w/D%20U%20N%20E%20Part%20II.jpg?dl=0

Gracie, age 6.
https://www.dropbox.com/s/0es3xolxka455iw/BetterThingsToDo.jpg?dl=0