Quote:
Originally Posted by elysiantraveller
I'm going to bow out of this conversation because I don't want to spend a ton of time on it but to give you a brief response;
What happens to the loans is largely irrelevant. Trump may claim he paid them and maybe he did maybe he didn't... doesnt matter... the fraud is the act prior to the loan being executed if that occurred.
Simple non-finance example; I claim to be a doctor but I'm not. I Tell you I'm a doctor and then perform a surgery. No matter the outcome of the surgery, live, die, heal, get sicker... you can sue the hell out of me because I lied to you.
Fraud works on the same principles and even if the lenders don't bring the suit the state reserves the right to bring them as well. At least they could in Michigan and finance is significantly more regulated in New York.
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Bottom line: no bank, most especially at the level of the types of loans that someone like mega-builder Trump would be requesting, would not cross every *t* and dot every *i* when making the deal, and of all banks, certainly not a bank like Deutsche Bank (The bank's network spans 58 countries with a large presence in Europe, the Americas, and Asia.
Wikipedia).
How many banks have ever sued Trump for fraud? Zero!
AG James can attempt to pull off this persecution because NY has a law on the books that allows her intervene at her discretion, even when no one else is interested. This is not the case in all states. She is clearly a bitter bitch with an agenda!
Bottom-bottom line...it is stupid to believe that this is anything more than just another gross witch-hunt. Will you ever learn??
