The Very Definition Of A Kangaroo Court Show Trial - Deutsche Bank Destroys New York AG's Case Against Trump
Posted by freedomforall 2 years, 6 months ago to Politics
Excerpt:
"A Deutsche Bank executive may have just tanked New York Attorney General Letitia James' lawsuit against former President Donal Drump - which revolved around portraying the German lender as Trump's biggest victim in an alleged scheme to inflate his assets in order to obtain favorable terms from banks and insurers.
David Williams, who directly worked on at least one of several loans obtained by Trump over several decades, testified on Tuesday in Manhattan that it's "atypical, but not entirely unusual" for a bank to internally slash a client's stated asset values by 50% and approve a loan anyway, as they did with Trump, Bloomberg reports.
"It just depends on the circumstances," said Williams, a managing director at the bank.
Deutsche Bank, which loaned hundreds of millions of dollars to Trump for properties in Miami, Chicago and Washington, cut his stated net worth in 2011 and 2012 from about $4.2 billion to $2.3 billion, according to internal bank credit memos. The same documents indicated the bank approved the loans anyway because it expected them to generate a profit based on Trump’s history of successful developments and other criteria.
Trump, who denies wrongdoing and claims the case is politically motivated, is calling to the stand this week four current and former Deutsche Bank employees — including the family’s former private banker Rosemary Vrablic — as part of his defense case, seeking to flip the script on the state’s version of events. -Bloomberg
The testimony completely undermines AG James' premise, that Trump defrauded the German bank."
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The judge is biased and should be disbarred
The AG is biased and should be disbarred.
"A Deutsche Bank executive may have just tanked New York Attorney General Letitia James' lawsuit against former President Donal Drump - which revolved around portraying the German lender as Trump's biggest victim in an alleged scheme to inflate his assets in order to obtain favorable terms from banks and insurers.
David Williams, who directly worked on at least one of several loans obtained by Trump over several decades, testified on Tuesday in Manhattan that it's "atypical, but not entirely unusual" for a bank to internally slash a client's stated asset values by 50% and approve a loan anyway, as they did with Trump, Bloomberg reports.
"It just depends on the circumstances," said Williams, a managing director at the bank.
Deutsche Bank, which loaned hundreds of millions of dollars to Trump for properties in Miami, Chicago and Washington, cut his stated net worth in 2011 and 2012 from about $4.2 billion to $2.3 billion, according to internal bank credit memos. The same documents indicated the bank approved the loans anyway because it expected them to generate a profit based on Trump’s history of successful developments and other criteria.
Trump, who denies wrongdoing and claims the case is politically motivated, is calling to the stand this week four current and former Deutsche Bank employees — including the family’s former private banker Rosemary Vrablic — as part of his defense case, seeking to flip the script on the state’s version of events. -Bloomberg
The testimony completely undermines AG James' premise, that Trump defrauded the German bank."
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The judge is biased and should be disbarred
The AG is biased and should be disbarred.
If Trump overstated asset values, and as a result Deutsche Bank (DB) approved a larger loan than it otherwise would have but the loan was repaid, then there's no foul. DB should be more careful in future dealings with Trump.
If DB gave Trump a lower interest rate than it would have otherwise, DB might have recourse under the terms of the loan agreement. However, any legal action is up to DB, not the state.
If Trump defaulted on the loan, they could sue Trump to seize assets to satisfy the loan. Again, this is up to DB, not the state.
This is a bogus trial which should have been thrown out as soon as it was filed. I agree with ffa: both the AG and the judge should be removed and disbarred.
If you are a patriotic, thinking American, how much government action has been rational since 2019?
The most significant and longest lasting earlier insane actions were in 1913.
The real purpose of both cases, of course, as well as the Florida case, is to stop Trump's reelection, either by putting him in jail or just using gag orders so that he can't campaign. Luckily he got a decent judge in Florida, who is having none of it.
Q: How bent is the judge?
A: Pretzel bent.
Evidence? We not need no stinkin' evidence. Orange Man Bad!
They will get him so they can get us. See the Jan 6 monkey trials.
In fact, the word "likely" up and jumped into my head after I wrote the above. We'll see . . .
Now "very likely" appeared. Stop that, dino.
But I hope he can successfully appeal any and all frame-ups and remain on the ballot.
Higher interest rates add to that deficit.
Perhaps the dollar collapse will have some effect.
that is why they are liberals
ACTIVELY DENYING ANOTHER CITIZEN OF HIS/HER RIGHTS should carry and AUTOMATIC loss of their own citizenship!
This also is the only way to insure that the punishment isn't pardoned by the next Deep State puppet.
No more 40 years on DEATH ROW due to endless appeals.