Jon Stewart for President?

[wildchild]

Link? With the exact quote, please. This apart from the fact that Trump intentionally furnished the municipality with false information per my earlier links.

Where do you find these creepy looking people?

 

[DTB2]

A) The last time you sold your house, did you sell it for its municipal evaluation? B) And, as an aside, did you try to manipulate the municipal evaluation beforehand in any way? C) Also, while you owned it, did you try to inflate its value into the stratosphere to obtain more and/or better financing? I'm guessing you didn't. I'm guessing Stewart didn't either. But do tell me if I'm wrong.

A) No I did not

B) Manipulate is such a nasty word. Have I ever appealed their valuation? Yes. Did I use the comps most favorable to me? Yes. Was I successful? Mostly.

C) Irrelevant, as the lender always does their due diligence which includes THEIR appraisal. Same as the lenders did and testified to in the Trump "trial".

 

[Frederick Foresight]

B) Manipulate is such a nasty word. Have I ever appealed their valuation? Yes. Did I use the comps most favorable to me? Yes. Was I successful? Mostly.

But you did not appeal the valuation with fraudulent information, I gather. Trump did, per my previous links.

 

[DTB2]

But you did not appeal the valuation with fraudulent information, I gather. Trump did, per my previous links.

I read your links from the butthurt judge who hates developers-see his previous history-and will be overturned in a NY minute. Just wait and see.

 

[Frederick Foresight]

C) Irrelevant, as the lender always does their due diligence which includes THEIR appraisal. Same as the lenders did and testified to in the Trump "trial".

They can say what they want to try and save face, but at the higher levels a lot of name lending goes on where the borrower is sometimes taken at his word. It’s stupid but it happens. The borrower typically warrants that the information he provides is accurate in the loan documentation.

You ever wonder who did the bank’s security assessment on his NY condo? You know, the one 30,000-square-foot condo that’s really only about one-third the size? And that’s just one of the properties. Others were inflated in value by a factor rather than merely a percentage as is reportedly the practice.

 

[Frederick Foresight]

I read your links from the butthurt judge who hates developers-see his previous history-and will be overturned in a NY minute. Just wait and see.

I’ll wait. We’ll see.

 

[DTB2]

They can say what they want to try and save face, but at the higher levels a lot of name lending goes on where the borrower is sometimes taken at his word. It’s stupid but it happens. The borrower typically warrants that the information he provides is accurate in the loan documentation.

Links?, with specific citations.


Let's see how that works for you.

 

[Frederick Foresight]

Links?, with specific citations.


Let's see how that works for you.

I worked in corporate banking (lending and account management) for several years at both the regional and national levels. The lower down the food chain, the more thorough the credit analysis and due diligence, all else being equal. I am speaking from personal experience. Someone I knew from the training program at the same bank in the ‘80s who went on to multinational corporate banking account management said how they basically “begged” name clients to take the bank’s money. I imagine he was exaggerating, but only to make a point.

EDIT: I want to be clear that not all higher end lending is name lending, obviously. Just that it does occur, or at least had occurred during my years in banking. But not with any of the accounts under my responsibility at any of the banks I worked for.

 

[DTB2]

I worked in corporate banking (lending and account management) for several years at both the regional and national levels. The lower down the food chain, the more thorough the credit analysis and due diligence, all else being equal. I am speaking from personal experience. Someone I knew from the training program at the same bank in the ‘80s who went on to multinational corporate banking account management said how they basically “begged” name clients to take the bank’s money. I imagine he was exaggerating, but only to make a point.

EDIT: I want to be clear that not all higher end lending is name lending, obviously. Just that it does occur, or at least had happened during my years in banking. But not with any of the accounts under my responsibility at any of the banks I worked for.

So, that was a risk bank was willing to take on in order to establish a relationship.

 

[Good1]

Link? With the exact quote, please. This apart from the fact that Trump intentionally furnished the municipality with false information per my earlier links.

Go to exactly 4:20 where Stewart starts with "...and this is part of a different Trump fraud case but avoiding taxes hurts all of us. Donald Trump shenanigans cost the city of New York, and, let's be frank here, that is money the city of New York could have used to build more Walgreens, now, some blocks only have two of them."

You could tell Stewart was reading from a teleprompter. This little bit was slipped into a long diatribe about the other issue regarding Trump and his dealing with Deutsch Bank. It's a reference to paying taxes on municipal valuations, as if property owners have anything to do with that. Otherwise you could not call it a municipal valuation.

You could tell he was even reading his jokes from the teleprompter because New York city doesn't have anything to do with building Walgreen stores.