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  1. #1
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    Trump lawsuits

    Is the Orange Grimace on DataMerch yet? He's on the NY court website!

    https://iapps.courts.state.ny.us/nys...sultsPageNum=1

    As a person involved in finances, if we assume that he lied, I view this as really really bad. Will the right-wing podcasters shrug it off? When a merchant gets blacklisted from lending because he fudged a number, we accept it. But if Trump fudges numbers, should he be able to get away with it? How many underwriters would reject financing Trump, but are die-hard pro-Trump enthusiasts? Everyone has the benefit of innocent until proven guilty, so I'm curious from a forum of lending, what the optics are in your minds? Can Trump do no wrong, therefore a black liberal woman DA is automatically assumed to be 100% politically-driven in her quest? Curious to hear your thoughts.

    Also, interesting article. Axos Bank refi'ed Trump. They're also the bank that originates a ton of WBL deals and a lot of brokers have their accounts there. https://www.nbcnews.com/politics/don...oney-rcna22068

  2. #2
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    Were you around in 2008 when Countrywide sold to Bank of America and all the loans were packaged and went south? Same thing different time. NegAms, 80/20 100% purchase financing stated income.
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  3. #3
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    Quote Originally Posted by abfunders View Post
    Is the Orange Grimace on DataMerch yet? He's on the NY court website!

    https://iapps.courts.state.ny.us/nys...sultsPageNum=1

    As a person involved in finances, if we assume that he lied, I view this as really really bad. Will the right-wing podcasters shrug it off? When a merchant gets blacklisted from lending because he fudged a number, we accept it. But if Trump fudges numbers, should he be able to get away with it? How many underwriters would reject financing Trump, but are die-hard pro-Trump enthusiasts? Everyone has the benefit of innocent until proven guilty, so I'm curious from a forum of lending, what the optics are in your minds? Can Trump do no wrong, therefore a black liberal woman DA is automatically assumed to be 100% politically-driven in her quest? Curious to hear your thoughts.

    Also, interesting article. Axos Bank refi'ed Trump. They're also the bank that originates a ton of WBL deals and a lot of brokers have their accounts there. https://www.nbcnews.com/politics/don...oney-rcna22068
    As Trump said "Why plead the 5th?? That's a coward move...."

    As Trump also said "Under the advice of counsel I will invoke my 5th Amendment as provided to me by the constitution" blah blah blah

    Cases like these go straight to plea bargains in due time. But as Trump's history shows, he drags that mf'er.

    Nothing worth keeping my eye on because no two sides can ever say the actual truth.
    Joseph
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  4. #4
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    Quote Originally Posted by abfunders View Post
    Is the Orange Grimace on DataMerch yet? He's on the NY court website!

    https://iapps.courts.state.ny.us/nys...sultsPageNum=1

    As a person involved in finances, if we assume that he lied, I view this as really really bad. Will the right-wing podcasters shrug it off? When a merchant gets blacklisted from lending because he fudged a number, we accept it. But if Trump fudges numbers, should he be able to get away with it? How many underwriters would reject financing Trump, but are die-hard pro-Trump enthusiasts? Everyone has the benefit of innocent until proven guilty, so I'm curious from a forum of lending, what the optics are in your minds? Can Trump do no wrong, therefore a black liberal woman DA is automatically assumed to be 100% politically-driven in her quest? Curious to hear your thoughts.

    Also, interesting article. Axos Bank refi'ed Trump. They're also the bank that originates a ton of WBL deals and a lot of brokers have their accounts there. https://www.nbcnews.com/politics/don...oney-rcna22068
    She will lose this case and cost taxpayers millions of dollars, and she wont care because it is all political and will not cost her a penny .It is up to lenders to do their own due diligence and appraisals then come up with what they want to do .

  5. #5
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    Quote Originally Posted by Michael I View Post
    She will lose this case and cost taxpayers millions of dollars, and she wont care because it is all political and will not cost her a penny .It is up to lenders to do their own due diligence and appraisals then come up with what they want to do .
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
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  6. #6
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    Quote Originally Posted by Olderguy View Post
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
    Bet his minions storm the courtroom.........
    Joseph
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  7. #7
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    I've got $20 bucks that says he loses and settles.
    Steve Benjamin
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  8. #8
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    Quote Originally Posted by Olderguy View Post
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
    Fair point. Can you name a former president that wasn't a fraudster?

  9. #9
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    Quote Originally Posted by Oxforddan View Post
    Fair point. Can you name a former president that wasn't a fraudster?
    Not to the extent that the Donald has committed. More people charged in his administration and more lawsuits pending for him far exceeds any former President in the history of our country. Look up the word Sociopath in the dictionary. You will see a picture of Donald Trump.
    Steve Benjamin
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  10. #10
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    Quote Originally Posted by Olderguy View Post
    Not to the extent that the Donald has committed. More people charged in his administration and more lawsuits pending for him far exceeds any former President in the history of our country. Look up the word Sociopath in the dictionary. You will see a picture of Donald Trump.
    Facts.

    This isn't a red or blue situation.

    The man knows how to cheat the system, but apparently he did it a little too much. So if he were to be caught red handed, with all the evidence in the world, will people still claim it to be a setup?
    Joseph
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  11. #11
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    Quote Originally Posted by Olderguy View Post
    Not to the extent that the Donald has committed. More people charged in his administration and more lawsuits pending for him far exceeds any former President in the history of our country. Look up the word Sociopath in the dictionary. You will see a picture of Donald Trump.
    I wont sit here and defend him. There are more than enough topics to dislike him about. Why pick one everyone else does as well? Doesn't make sense. Every president in my lifetime has been a criminal. Some just hide it better than others. A bank failing to do sufficient due diligence on assets they are collateralizing is probably the most minimal thing he has done wrong. Don't you do collateralized deals all day long? Is every client that you have ever gotten an amazing appraisal for a fraudster now too?

  12. #12
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    Since everybody cheats, it's OK....just the big or stupid ones get caught.

    Actually you may not be far off the truth.

    The objective of business is to screw people and make a profit.

    That's the definition of capitalism.
    Steve Benjamin
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    @ 24 hour funding working capital loans
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    @ Private money equity and debt for major investments

  13. #13
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    At no point did I say its OK. I just stated that there are way more egregious topics to point out relative to Trump. Seems like anyone in the industry thinking he did something so bad, is kind of the pot calling the kettle black.

  14. #14
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    Quote Originally Posted by Oxforddan View Post
    At no point did I say its OK. I just stated that there are way more egregious topics to point out relative to Trump. Seems like anyone in the industry thinking he did something so bad, is kind of the pot calling the kettle black.
    All politicians serve at the pleasure of their donors. Donald is just worse in that respect.
    Steve Benjamin
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    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  15. #15
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    Quote Originally Posted by Olderguy View Post
    Wow....guess the rule of law doesn't matter to you or anyone else in the country? Fraudsters that are former presidents must have complete immunity in your universe.
    explain to me why it is new york suing and not the banks ? also why is she filing civil not criminal ?

  16. #16
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    He wont answer any questions directly. It is all just deflection and redirection. Answering questions with questions. I don't care red/blue however the lack of self reflection or accountability blows my mind.

    I am not a Trump fan, however let a lender value my house for triple what its worth and I am damn sure cashing that check. Does that make me a fraudster or does that mean that the bank needs to reevaluate how they underwrite?
    Last edited by Oxforddan; 09-23-2022 at 11:36 AM.

  17. #17
    Senior Member Reputation points: 25799 Olderguy's Avatar
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    Quote Originally Posted by Oxforddan View Post
    He wont answer any questions directly. It is all just deflection and redirection. Answering questions with questions. I don't care red/blue however the lack of self reflection or accountability blows my mind.

    I am not a Trump fan, however let a lender value my house for triple what its worth and I am damn sure cashing that check. Does that make me a fraudster or does that mean that the bank needs to reevaluate how they underwrite?
    All the above.
    Steve Benjamin
    Professional Business Loans

    Irvine, CA 92620
    steveprobiz@gmail.com
    https://probizloans.net/
    949.228.1050

    @ 24 hour funding working capital loans
    @ Term loans from 3 years to 10 years at 6% and up
    @ Equipment financing up to 6 years
    @ Property loans - Primary, Investment, commercial, land, fix and flip, construction.
    @ SBA loans - 7A and 504.
    @ Homeowner loan 2nd position- 15 year 8.99% no lien
    @ Private money equity and debt for major investments

  18. #18
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    Quote Originally Posted by Michael I View Post
    explain to me why it is new york suing and not the banks ? also why is she filing civil not criminal ?
    She is Civil. Criminal is a different office and working the same case.
    Hedley Lamarr......That's Hedley

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