Jon Stewart for President?

[Frederick Foresight]

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

The bank was willing to accept client-provided information at practically face value. Again, I was never involved in such transactions. However, the bank’s boilerplate documentation that I was familiar with included the borrower’s representations and warranties. If Trump encountered such a speed bump I gather it might be problematic for him.

 

[Frederick Foresight]

It's a reference to paying taxes on municipal valuations, as if property owners have anything to do with that

Click on the links I posted earlier. Trump gave false information on his properties to the municipalities. That’s actively engaging in fraud.

 

[DTB2]

The bank was willing to accept client-provided information at practically face value. Again, I was never involved in such transactions. However, the bank’s boilerplate documentation that I was familiar with included the borrower’s representations and warranties. If Trump encountered such a speed bump I gather it might be problematic for him.

I believe every valuation documentation that Trump provide had a BOLD disclaimer for the user to complete their own due diligence and not rely on the information provided.

 

[Frederick Foresight]

I believe every valuation documentation that Trump provide had a BOLD disclaimer for the user to complete their own due diligence and not rely on the information provided.

I can’t comment on that. But it will be interesting to see how it plays out. It will be must see TV.