Trump Presidency

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TorontoGold

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No need to call him out, it's not his job to police the board. He was being courteous. I'd ask Jake to do the same, but we've already asked that in the Banned Users thread.
The call out was only because of the previous comments that were telling another poster to take a break and calm down. I wanted to make sure the same standard was being implied. Consistency is key, and I appreciate his comments.
 

Cackalacky2.0

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This thread is great explanation of the legal peril and criminality of Trump with the documents he stole and what they did to negotiate with him to get the docs back.
 
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Cackalacky2.0

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Gotta think all those anti Venezuela socialists are not ok with their dear leader securing the services of a registered foreign agent
 

ulukinatme

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Seems strange this footage is just coming out almost 2 years later. I don't really have a problem with them looking at the machines after the election is already over and done. They'll be checked out prior to the next election, certainly after this footage. I'd definitely have a problem if anyone was reviewing them on their own prior to the voting cycle.
 

Cackalacky2.0

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Seems strange this footage is just coming out almost 2 years later. I don't really have a problem with them looking at the machines after the election is already over and done. They'll be checked out prior to the next election, certainly after this footage. I'd definitely have a problem if anyone was reviewing them on their own prior to the voting cycle.
There was a reported breach at this location later that day. This is the video of the perps. They weren’t supposed to be allowed in there and this woman allowed them in there. These machines are compromised.

People who paid attention were aware this happened as early as February. I recall hearing about this.
 

Cackalacky2.0

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If I understand their argument….it’s that Trump can’t produce any documents that make an argument on how he declassified it because it would harm them as a defense if they get indicted. Sounds like he is going to stick with the he waved his hand and it was declassified position which is utter bullshit. Judge Cannon is a hack and bought and paid for for allowing this to go on. Just stalling for time. Literarlly anyone else would have been buried under the jail by now for stealing hundreds of top secret documents and refusing to give them back and lying to DOJ about it.
 

ab2cmiller

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Shocking. Not really. I think pretty much anyone would admit that Trump likely inflated the value of his assets for personal gain. The question is, can they prove it. Valuing real estate is pretty much a con game from the start. A Real Estate appraiser can manipulate the appraised value pretty easily by making their adjustments for location, build quality, etc. etc. Most of those adjustments will be in gray areas that it's hard to prove them wrong.
 

Irish#1

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Let's not get too excited. It's a civil lawsuit, not criminal. If this was most anyone else they wouldn't hold a press conference. Grandstanding at its finest.

Pretty obvious what the Dems are doing, trying to use orange man and abortions front and center for the November elections. They don't want anyone to talk about gas prices, rising inflation, Uncle Joe's performance, etc.
 

Cackalacky2.0

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they discovered criminal activities and forwarded to federal and state agencies including IRS. Also Allen Weiselbwrg supposedly cut a deal and is providing help in deciphering their plans. Anyway. The civil suit will render Trump Org defunct. The criminal actions will be dealt with elsewhere by others.
 

Cackalacky2.0

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Shocking. Not really. I think pretty much anyone would admit that Trump likely inflated the value of his assets for personal gain. The question is, can they prove it. Valuing real estate is pretty much a con game from the start. A Real Estate appraiser can manipulate the appraised value pretty easily by making their adjustments for location, build quality, etc. etc. Most of those adjustments will be in gray areas that it's hard to prove them wrong.
They got his taxes and have Weiselbwrg and Cohen assisting. I’d say they can prove some things.

She recently declined a deal offered by Trump org a few weeks ago. Leads me to believe they can prove what they need to or else they would have settled.
 

TorontoGold

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They got his taxes and have Weiselbwrg and Cohen assisting. I’d say they can prove some things.

She recently declined a deal offered by Trump org a few weeks ago. Leads me to believe they can prove what they need to or else they would have settled.
As someone who deals with this type of thing regularly with Real Estate developers, the biggest things here is how incompetent DB was in this whole thing. How do you as a major bank, let this kind of thing happen? Surely there will be some sort of charges against them too. The loan compliance department must be in complete shambles because they spend years working on the due diligence of these types of deals.

1) The appraisal of the property is immaterial to this. These sorts of things are done on purchase of the property, and the allocation of the purchase price is done immediately and follows pretty standard guidelines for that area. So there really shouldn't be anything there, other than maybe Trump allocated a disproportionate amount to the building to take advantage of the depreciation in comparison to the land portion which doesn't get any depreciation.

2) The crux of this all is the misrepresentations made by Trump Co. The profitability of the properties was likely investigated for occupancy rates and signed agreements supporting the rent roll amounts. If Trump had shady tenants, or tenants with alternative arrangements these would not be on any supporting schedules for the rent roll. Likely leading to a discrepancy, but wouldn't be material unless there was a decent portion of the tenants part of this.

3) There is likely arrangements that are between multiple Trump co's as tenants that were used to beef up the total rents at these locations. But on tax filings these related co's likely didn't record the same rent figure on their financial statements.

4) The fact the accountants are participating in this is the complete death knell to this case. If he had a shred of credibility they would have been on his side, but they had to release statements saying they were dropping him as a client. I will be interested to see if Trump can find any expert witnesses to try and come up with a valuation to support his figures.

tldr - he is getting GG'd because he and his family are incompetent criminal morons who couldn't run the business his father gifted him. He had to resort to criminal behavior because his other business ventures were so bad that he had to commit fraud on properties in the most valuable spots in the world. Saying this was done for "political misdirection" is copium, a lawsuit like this is built on hard evidence and not brought without that.
 
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