Forum Thread
(Old Saybrook Specific)
0 messages
Updated
Lakes Online Forum
84,112 messages
Updated 11/14/2024 9:20:00 PM
Lakes Online Forum
5,204 messages
Updated 9/14/2024 10:10:50 AM
(Old Saybrook Specific)
0 messages
Updated
Lakes Online Forum
4,172 messages
Updated 9/9/2024 5:04:44 PM
Lakes Online Forum
4,262 messages
Updated 11/6/2024 6:43:09 PM
Lakes Online Forum
2,979 messages
Updated 6/26/2024 5:03:03 AM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
Old Saybrook Photo Gallery





    
Name:   MartiniMan - Email Member
Subject:   Deutsche Bank executive exonerates Trump
Date:   11/29/2023 10:59:11 AM

Not that it will matter in this case as the fix is in but this will be the key to Trump's almost certainly successful appeal.  While we already know this is a political persecution using lawfare because there is no victim (i.e., all loans were paid back and the banks made millions of profit), we now know with certainty that the claim of fraud is false, and that is central to the case.

As the bank exec (who was involved in the loans and their approval) testified, it is common for them to independently evaluate and discount net worth valuations and that the delta is a "difference of opinion" and not fraud.  It happens all the time, particularly with high net worth borrowers that have real estate assets. 

He also indicated that while approving loans like this is atypical it was also not entirely unusual.  Seems a bit confusing until you understand that borrowers like Trump can get loans that ordinary schmucks like us cannot.  Life ain't fair but that is not even remotely fraud.  And their underwriting process worked like a charm because Trump paid the loans and the banks made millions in profit. 

Like I said, none of this will matter to the nutjob judge or the prosecutor because if evidence, the law and truth were part of their process they would have never brought this case in the first place.  But it will matter bigly when this goes to appeal.





Name:   Talullahhound - Email Member
Subject:   Deutsche Bank executive exonerates Trump
Date:   11/29/2023 12:59:07 PM

That is how you know that this trial is political revenge and a DA who has political aspirations - none of banks Trump got loans from were complaining  or bringing suit against him, so who has been harmed?  That's the whole thing with Democrats - they never seem to understand finance ( or economics) so they end up looking stupid.  

Those that support Trump are not going to be moved by his "conviction" in this trial.  





Name:   MartiniMan - Email Member
Subject:   Deutsche Bank executive exonerates Trump
Date:   11/29/2023 9:32:19 PM

Their strategy is two fold. One, to make it more likely that Trump is nominated as a reaction to and rejection of lawfare by Democrats.  Two, make it harder for Trump to win the general with all these indictments and likely convictions before the general. I have to hand it to them for their deviousness. 

Whether it will work is anyone's guess, but my concern about another four years of Biden or whoever they put in his place is one of many reasons I will once again not vote for Trump in the primary.  But if he is the nominee he will have my support because I know how awful the alternative is.  





Name:   lucky67 - Email Member
Subject:   Deutsche Bank executive exonerates Trump
Date:   11/30/2023 12:12:33 PM

As a retired bank exec, id say 99% of loan applicants --residential, business, commercial, overvalue their assets on loan applications--which is why lenders do their own due diligence & base loans on the 'lesser of sales ot appraised' value, & credit worthiness; 





Name:   MartiniMan - Email Member
Subject:   Deutsche Bank executive exonerates Trump
Date:   11/30/2023 2:46:32 PM

Exactly.....as the bank exec said, the difference between their estimate and Trump's was one of opinion.  That's why bank do underwriting, not just to prevent fraud but also to evaluate the financial merits of the loan.   Having that difference of opinion on asset values is hardly fraud.....especially when the loans were repaid.  The only fraud here is the DA and judge involved in this political persecution.





Name:   lucky67 - Email Member
Subject:   Deutsche Bank executive exonerates Trump
Date:   12/1/2023 11:07:26 AM

I have done expert witness work on all aspects  mortgage issues-for both individual Plaintiffs & defendants and 3 of top 5 US banks as well as govt agencies--origination, underwriting, servicing, appraisal, compliance,  dating back to 2007 crash--i wish Trumps lawyers would have reached out to me ! one of the most unjustifiable frivilious cases ive ever seen !









Quick Links
Old Saybrook News
Old Saybrook Photos
Old Saybrook Videos




About Us
Contact Us
Site Map
Search Site
Advertise With Us
   
OldSaybrook.USCoast.info
THE OLD SAYBROOK WEBSITE

Copyright 2024, Coastal Town
Privacy    |    Legal