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President Biden: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Jan 20, 2021.

Page 6622 of 8921
  1. The Big Ragu

    The Big Ragu Moderator Staff Member

    There isn't some objective valuation for something. This is beyond absurd.

    His property was worth WHATEVER Deutsche Bank was willing to accept as a valuation. And the terms of their agreement were up to the two private parties to negotiate. If THEY were happy. ... then it should not be my business, your business or Letitia James' business or some judge's business (unless they sue each other!).

    If you decide to sell your home and list it at $500K. ... and 50 people come in and offer betweem $450K and $490K, but then one person offers you $700K. ... Guess what, your home is worth $700K. A court of law (or the government) shouldn't be subjectively deciding what things are worth. People VOLUNTARILY transacting -- the ones who bear the risk and reward of their transactions -- do that in a free society,

    DB didn't have to accept Trump's representations for anything. They could have sent in appraisors and a team of people with yard sticks to measure the size of his apartment. Perhaps they did. The point is it's incumbent on THEM to do their due dilligence, because if he defaults, they are the one who will have to rely on that collateral. If they don't do it. ... THEY bear the consequences.
     
    The Big Ragu, Mar 20, 2024
    #79453
  2. DanielSimpsonDay

    DanielSimpsonDay Well-Known Member

    i believe in free market application of the law
     
    DanielSimpsonDay, Mar 20, 2024
    #79454
  3. Inky_Wretch

    Inky_Wretch Well-Known Member

    Let me just say, this line made me LOL as I pictured some corporate bankers in Brooks Brothers suits walking around with wooden yard sticks from the local sewing shop like my Mamaw threatened to swat me with when I was a kid.
     
    Inky_Wretch, Mar 20, 2024
    #79455
    2muchcoffeeman likes this.
  4. jr/shotglass

    jr/shotglass Well-Known Member

    Is it time yet to show Uncle Tim to the door?

     
    jr/shotglass, Mar 20, 2024
    #79456
  5. Inky_Wretch

    Inky_Wretch Well-Known Member

    Meanwhile ... Lev Parnas is testifying before a House committee and dishing dirt on Trump and Rudy.
     
    Inky_Wretch, Mar 20, 2024
    #79457
    2muchcoffeeman and garrow like this.
  6. PCLoadLetter

    PCLoadLetter Well-Known Member

    Which is not the point.
     
    PCLoadLetter, Mar 20, 2024
    #79458
  7. Scout

    Scout Well-Known Member

    It wasn’t a risky loan because they believed his lie.

    That lie is what he is being punished for.

    A bank holds and protects my money. That is their basic job. If they lose it to someone who lies about their wealth, that lie is a crime.
     
    Scout, Mar 20, 2024
    #79459
    2muchcoffeeman likes this.
  8. goalmouth

    goalmouth Well-Known Member

    Reading some of these comments it's truly amazing in all this time no one has defrauded the board.
     
    goalmouth, Mar 20, 2024
    #79460
  9. Regan MacNeil

    Regan MacNeil Well-Known Member

    [​IMG]
     
    Regan MacNeil, Mar 20, 2024
    #79461
  10. goalmouth

    goalmouth Well-Known Member

    Fat Orange Hitler wants NY to take his crap properties. He knows he’ll never get market value for them, and that many are over leveraged with multiple mortgages. Nightmare for NY state.
     
    goalmouth, Mar 20, 2024
    #79462
  11. garrow

    garrow Well-Known Member

    So it will be a bigly surprise to FNC couch potatoes when he does go through with it!

     
    garrow, Mar 20, 2024
    #79463
  12. UPChip

    UPChip Well-Known Member

     
    UPChip, Mar 20, 2024
    #79464
    franticscribe and Inky_Wretch like this.
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