It's immaterial. The banks performed their own valuations. Nothing Trump put down other than what specific properties he was putting up as collateral is relevant.

The interest rates Trump was offered was not based on anything Trump put down on the form. The offers were based SOLELY on his expressed interest, the loan amounts, and the BANKS' valuations of his property.

It's not POSSIBLE to defraud a bank in the way you suggest, because standard procedure for EVERY loan over like $1 Million requires a full background check, credit check, incomes check, and valuation of properties by the banks. They don't "trust" ANYTHING you tell them.

Like I said, stop lying, stop trying to get hung up on your little orange man bad talking points. The loans were offered in good faith after the banks did their due diligence, were repaid in good faith on the part of Trump. There is no fraud whatsoever EXCEPT the political hack prosecutor claiming that the taxable value of the property is the "value" of the property, when it's the assessed sales value of the property that needs to be gone by, and the banks agreed that Mar A Lago was worth more than the TOTAL loan amounts they provided.

You're grasping at air, and don't even understand how banking works well enough to realize it. I thought you were lying but I guess I was wrong, I guess I was also wrong when I said you weren't stupid.

There is no defense for fraud that goes "well they should have done their own research". The banks at least partially relied on Trump's representations. That alone is sufficient.

We know they relied at least partially on it because the bank testified they relied on the strength of Trump's total portfolio, which included these misrepresentations.

I actually really like this case, because it's so open and closed that it's a good benchmark for how honest somebody is. People like Black will at least acknowledge partially that Trump made fraudulent claims and won't argue strongly against it. Then there's people like you, Goom, and Void who buy the Trump line without a second thought.

This post was edited by Thor123422 on Feb 3 2024 04:27pm

There is no fraud. He filled out a form. The purpose of the form isn't to determine interest rates. The purpose of the form is to let the bank know you are interested in a loan. It might also be useful, if you need a financial advisor from the bank, to know what you THINK your property is valued at, or it's square footage, or whatever else, just so they can help you correct your errors. The bank performed a valuation. Based on their valuation, they made him interest rate offers.

The banks did NOT rely on Trump's valuations. And the best part? If they HAD relied on his valuations, the interest rates would have been IDENTICAL. How do I know? Because that's what the representatives from the BANKS said.

No fraud. The application isn't an assessment, that's performed by the bank themselves. As to the last part, you're being dumb. When the bank says they're relying on his total portfolio, they're saying they didn't JUST go by what he put on his application. They went through his stocks, savings, other loans, other properties he didn't list, etc. That doesn't mean they trusted his numbers. Use your head for something other than keeping your ears apart ffs.

Why are you lieing? Trump didn't just "fill out a form". He submitted an entire appraisal that included the representation of the square footage of his apartment and that MAL could be broken into residential properties, both of which he knew to be false.

That you can't even accurately represent the paperwork really shows how dishonest you are.

This is just dishonest. The bank has its own appraisers and when an appraisal is done it’s done by more than one appraiser. Have you ever bought property? Usually a bank has three different appraisals on the property in question.

You don't even know what a "Total Portfolio" is and you're trying to lecture. Go back to torturing rats, you're not ready for banking discussions.

I'm just quoting the testimony of the banker that testified about what they relied on for making the loan.

It is absolutely indisputable that Trump knowingly made materially false statements to secure a better loan that were relied on by the bank when deciding the risk assessment. There is absolutely no possible defense, because it was admitted in the companies own documents, which is why it was decided in summary judgement.

So there's no reason to continue if somebody can't even acknowledge that.

What banker said this, what is their name, who do they work for, and how long have they been working there?

Representatives from the banks he got loans from who were with those banks at the time of the loans all testified on his behalf that NONE of the information he provided in his application was used to determine interest rates. It was their own valuations. So I'm intensely curious for the details on whoever was supposed to have said that. You sure it was a banker that worked with Trump? I somehow doubt it.

Edit: If you're going to "quote" testimony. Quote it, in whole, not in part. Also tell us who this was and who they worked for and for how long they'd been working there.

This post was edited by InsaneBobb on Feb 3 2024 04:55pm

Sure.

Deutsche bank, managing director David Williams

“I think we expect clients-provided information to be accurate. At the same time, it’s not an industry standard that these statements be audited. They’re largely reliant on the use of estimates"

He testified that they at least in part relied on Trump's estimates, and made their own adjustments. For the fraud statute to be satisfied the bank need not only rely on Trump's statements. They only need to rely on them in some form, which the testimony provided was the case.

Since Trump made knowingly false statements which were then relied on, the fraud statute is satisfied.

This post was edited by Thor123422 on Feb 3 2024 05:20pm

That quote says nothing whatsoever about the bank relying on Trump's provided information to come up with an interest rate.

You have another quote, or were you just making shit up?