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Trump estimates his worth the same way he judges inauguration crowd size.
This is how the professionals do magical thinking…
Add loan fraud to the Trump Crime Family’s extensive list of felonies committed.
It was six months ago when the New York Times first published a devastating report on Donald Trump’s finances. As regular readers may recall, the newspaper’s exhaustive research uncovered evidence of “dubious tax schemes” and “outright fraud” that Trump exploited to receive hundreds of millions of dollars from his father.
The findings painted a picture in which the president, far from the self-made man he pretends to be, relied heavily on allegedly illegal handouts. At the heart of the story was the prospect of criminal fraud, criminal tax evasion, and money laundering, which the American president exploited to fuel his rise to power.
most banks stopped lending to Trump in the mid-1990s
Retroactive inflation. You got a problem with that?
And this is surprising?
That’s why he became indebted to Russian oligarchs, aiding and abetting money laundering.
Ah, yes, that’s why these are CMBS, where the bank holds the loan only for a technical instant. Now, who bought these CMBS?
mortgages that are packaged into securities known as commercial mortgage-backed securities, comparing the same years in reports for different CMBS. If a bank had held onto the loan, instead of selling it to investors, such information would have been kept private.
“Growth for the sake of growth is the ideology of the cancer cell.” ― Edward Abbey
most banks stopped losing money to Trump in the mid-1990s
The trouble doesn’t end with Sister’s retirement.
The judicial conduct inquiry into Maryanne Trump Barry’s finances is now over, not because the judicial conduct probe ran its course and led to exoneration, but because she agreed to step down from the federal bench.
I am looking forward to 2021. Depositions will be fascinating.
Who knows?
But the whole concept of CMBS needs to be outlawed.
Unless I am misreading this, it seems that he pocketed some of the cash for personal use? All legit of course./s
Wells Fargo falsifying information? Unpossible.
YES! There has not been enough coverage about his sister stepping down.
I am confident that as the profits in these loan applications were revised upwards, the tax returns that reported those same profits were revised upwards, too, in equal increments. Just as I am sure that Swarthmore will win the next NCAA Division 1 basketball tournament.