[quote=“leftcoaster, post:18, topic:75879, full:true”]
Wonder what the defense attorneys asked Raicot?
[/quote]“Are you sure?”
“Yes, definitely. Most corrupt thing I ever saw or imagined in banking.”
“No further questions, Your Honor.”
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I actually disagree. The problem with that case is the prosecution was overzealous with the charges. It was $135k worth of stuff, and he paid back $120k. SCOTUS left it open for them to refile more specific charges aimed at official corruption, and they dropped it.
Plus, the Purity Police atmosphere back then was a bit over the top:
A WaPo expose about dorm food??? My oh my, times have changed…
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Thanks for the correction. A TV legal analyst said Secretary of the Treasury - I assumed this was another case in addition to Calk’s and didn’t check before posting.
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I don’t think Calk has been given immunity. His name did not appear on any of the lists. I was assuming he was going to be indicted. Anybody else know?
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Manafort was merely monetizing his inside connections. Natch. IOKIYR
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While I completely agree that a 1-day turnaround on any loan application is highly unusual, to be completely accurate, the article states that the bank extended $16 million in loans (plural), and that Manafort was approved the next day for the first of these loans. We don’t really know how much the first loan was for.
Regardless, if I were a shareholder of Federal Savings Bank in Chicago, this news would not make me happy.
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I wonder how much Ross and Mnuchin had to pay for their “jobs”?
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So anyone know how much Manafort ultimately had in loans?? I’m feeling like a sucker with how easy these people throw around million dollar loans.
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I wish I were a fly on the wall, able to watch the jury’s reactions at this stage in the trial. If any of them had any doubts about Gates evidence I really don’t see how they could find the testimony of Dennis Raico, of the Federal Savings Bank, anything less than convincing and truly informative.
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Show of hands - if offered the position of Secretary of the Army, would you accept? I wouldn’t, because I don’t know a thing about it, but then, I’m no bank C.E.O., so perhaps that would qualify me.
Ambassador to the Bahamas… I think I could manage that.
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What is telling to me is not that Manafort, Cohen, Flynn etc. were out flogging the “pay me and I’ll get you in with Trump”, but that the market was so ripe with people believed/knew that pay-for-play was Hair Furor’s gig and were gullible enough to believe that anyone outside of Traitor Tot, Date Rape, Complicity or Clown Prince would have the juice to make it happen.
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Mea culpa.
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Do a Yelp search for The Federal Savings Bank in Chicago. Assuming it is the one I looked at, it had 37 Yelp reviews and 2 stars.
And no, these look like real people with real reviews and really pissed off at them.
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It is easy to commit bank fraud when the banker is working with you, looking to win a big government job.
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Sure, it seems like you could get a decent price for it.
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You know, this bank fraud crap is really annoying to me. Over the years I have borrowed money to finance my business. When ever my company wanted to borrow millions from a bank we had to have collateral, lots of collateral. The process took months. My partners and I had to sign financial disclosure statements under oath. We had to renew them every year. I understand the banks actually investigated whether I actually had the assets I claimed. The idea that I could claim that a mortgaged property didn’t have a mortgage never crossed my mind. I was sure it would have been caught before the loan closed. Of course, we are just regular business people. We aren’t special like Manafort. Guys like him must live in a whole different reality.
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That bank CEO should be fired immediately for using deposits as a bargaining chip for his personal career. The board of directors should kick his ass out the door. If there are common stockholders, they should demand his resignation if not a criminal investigation. That’s pure bullshit. It should also be grounds for the FDIC to get involved. If that 16 million is not paid back or if the bank fails now, that’s going to leave stockholders SOL. The depth of corruption throughout the Trump universe is just beyond belief.
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That is a bingo. Take the Manafort scenario and apply it on a global basis.
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Is there any prospect that the penny will finally drop with a significant number of Trump voters - and that they will understand that Trumpland is Swampland and, If they want the swamp drained, act accordingly? Just a perplexed foreigner asking.
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About 18 months ago.
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