Tuesday, October 03, 2023

What's The Point Of Having Laws If Trump Isn't Allowed To Break Them?

That seems to be the position of a bunch of law and order conservatives these days. Well, the MAGA crowd, at least.

Trump is going to NY to face fraud charges today. Because his current lawyer is a ditz and didn't check the box on the form asking for a jury trial, the case will be decided by the judge. All the good lawyers have bailed out on him because he's the worst client possible, never able to shut his mouth in public.

Anywho, one of the things at stake here is his control over his business properties in the state of New York. He is accused to mis-valuing them for his own gain. Again, plenty of reds are rallying to his defense, claiming it's all a political hit job. I don't get it.

We own rental property. It's been appraised for loan, insurance and tax purposes. The appraisals are done by independent, reliable firms. They are completely defensible in court. There's no way on Earth I would risk the penalties that come with fraudulent appraisals.

When I was going through my last divorce, I was living in a custom house I helped design and had built for my family. Everything about it was a work of art from the unique front door to the skylight dome in the center to the tree growing up through the middle of the house to the hand-blown glass sink in the downstairs bathroom. I will never see the like again.

At the time, I had a two-income mortgage I had to cover with one income. I also had to pay off my ex. I tried everything I could think of to afford the mortgage on my own, but no bank would lend to me until ...

Until I hooked up with a mortgage broker recommended by a family friend. This was before the 2008 real estate crash. He said he could write the loan documents and include a fantasy income property in Arizona on my income statement. "The banks won't look into it," he promised me.

It was tempting, but I knew it was fraud. I didn't do it and never worked with that crook again. Had I done so, I almost certainly would have gone bankrupt and the bank would have taken a loss. Getting a loan though fraudulent means is immoral. Period.

I guess it's moral if Trump does it. After all, he has Jesus on his side.

14 comments:

Chuck Pergiel said...

Trump might be a crook, but the way he's being persecuted looks entirely political. Just like most of the highly publicized events that get covered in the main stream media, I doubt we will ever know the truth.

Ohioan@Heart said...

I still don’t get how a District Attorney, who had no personal interest in the loans in question, can file for fraud for loans that have been fully payed off, in a civil case. It just makes no sense. Now if it impacts his taxes in NY, and she filed for tax fraud, that would make sense. But this… it just doesn’t make sense to me.

Tim Eisele said...

I think the issue isn't that he caused a financial catastrophe yet, but that he has been making one very likely in the future. Like Bernie Madoff and his Ponzi scheme some years ago. Everybody loved him because they were all making money hand over fist. Until, suddenly, they very much weren't, because the money he said was there didn't actually exist. He was breaking the law the whole time, but nobody knew they were going to be hurt until the end.

Mostly Nothing said...

Are we living in Minority Report now? Tim are you saying the District Attorney is prosecuting Trump because he might commit a crime in the future that like what Bernie did?

Trump probably has committed fraud dozens of time in real estate in NY. And so has dozens if not hundreds of others in the last 30-40 years just in NYC.

I just look forward to the day where the Feds turn Mara Lago in to a country club prison and throw Donny, Joey, and Hunter in there for good. Are country club prisons co-ed? Can Hilary go too? I'll send her some hot sauce.

Tim Eisele said...

No, I am saying that some things are crimes because they are likely to cause harm, not because they necessarily cause harm.

If someone is tearing down the highway at 140 mph, it is still reckless driving even if they don't crash.

If someone takes $20,000 from work, takes it to Vegas to gamble, and happens to win enough that they can put it all back, it is still embezzlement.

And if someone massively over states the value of the collateral they are putting up for a loan, they are tricking the lender into taking much more of a risk than they think they are. That is still fraud, even if they manage to pay back the loan . . . This time

Ilíon said...

KT,
Don't you think it's time that you get your TDS in check?

You life and liberty is in the balance, and you want to put your thumb on the wrong side of the scale because you don't like a braggart?

==Because his current lawyer is a ditz and didn't check the box on the form asking for a jury trial, the case will be decided by the judge==

And you believe the MSM ... *knowing* that they are inveterate liars?

Trump's lawyer says that there was no "check-box", that the prosecutor brought the charges under a statute which generally doesn't allow for a jury trial.

===Anywho, one of the things at stake here is his control over his business properties in the state of New York. He is accused to mis-valuing them for his own gain. Again, plenty of reds are rallying to his defense, claiming it's all a political hit job. I don't get it.

We own rental property. It's been appraised for loan, insurance and tax purposes. The appraisals are done by independent, reliable firms. They are completely defensible in court.===

How do you not get it? How do you not get that a lender is no more going to accept Trump's "appraisal" of the value of property for which he wishes to contract a mortgage than it will do so for you?

Ilíon said...

Ohioan: ==Now if it impacts his taxes in NY, and she filed for tax fraud, that would make sense.==

That would make even less sense:
1) The assertion is that Trump falsely inflated the value of the properties for some illicit gain ... and so such a case would be arguing that he had voluntarily paid too much in property tax;
2) In any event, property tax liability is is not based upon mortgages, nor appraisals for mortgages, nor upon what the owner says the property is worth (whether too much or too little), but upon an appraisal contracted by the taxing authority.

This is all corrupt political persecution. And it will not stop with Trump.

Ilíon said...

Tim, who will shill for *anything* the leftists say:
=====
And if someone massively over states the value of the collateral they are putting up for a loan, they are tricking the lender into taking much more of a risk than they think they are. That is still fraud, even if they manage to pay back the loan . . . This time
=====

I *cannot* believe that you are so ignorant -- and so stupid -- as you would have to be to say the above in good faith. Ergo, you are a intellectually dishonest shill.

The prospective borrower does not dictate to the bank/lender what the value of the collateral shall be accounted for the purpose of the prospective loan. The valuation goes entirely in the other direction.

The "crime" of which Trump is being prosecuted is literally impossible to commit without the full cooperation -- the conspiracy -- of the "victim".

Why is James not naming and prosecuting the "co-conspirators" in this alleged swindle?

K T Cat said...

Several things can be true at once. The DA is overstepping her bounds, the prosecutor is political, the progs are an existential threat, Trump is a con man and he's a massive political loser for the Republicans.

Then there is the way he talks. Nikki Haley is a bird brain. General Millie should be put to death. The district attorney in Georgia is a crackhead. Who talks like this? I didn't insult people like that when I was five. Every one of his speeches deals with how much people like him.

It's not Trump derangement syndrome to suggest that there are other candidates who will do a much better job of the same tasks than some deranged narcissist con man.

K T Cat said...

The biggest question for me, however, is whether or not we should have laws at all. Yes, Hillary got away with murder. Why should we allow Trump to get away with murder? Is it just because Hillary was a Democrat and Trump is a republican? If that's why we're doing it then all we're really doing is allowing our leadership class to have free reign while we all go to jail for those crimes.

Ilíon said...

Everyone knows that Trump is a narcissist. That doesn't make him a con man; and I've not seen any evidence that he is. I detest the man, but I still voted for him in 2020, as did millions of other Americans who also didn't vote for him in 2016.

Are you living in MSM-world? In the real world, Trump isn't a "a massive political loser for the Republicans". That the eGOP and RINOs hate him doesn't make him " massive political loser for the Republicans".

Your post wasn't about the unsavory way he belittles his opponents.

The TITLE of your post is: "What's The Point Of Having Laws If Trump Isn't Allowed To Break Them?" and you go downhill from there.

You were not making an argument for some other, "better" candidate ... none of whom, by the way, the Republican voters want to vote for. You were riffing on the MSM misrepresentations of this particular political persecution.

Ilíon said...

==The biggest question for me, however, is whether or not we should have laws at all. Yes, Hillary got away with murder. Why should we allow Trump to get away with murder? Is it just because Hillary was a Democrat and Trump is a republican? If that's why we're doing it then all we're really doing is allowing our leadership class to have free reign while we all go to jail for those crimes.==

There is no honest evidence that Trump has committed any crime. And everyone knows this.

K T Cat said...

Actually, I discovered I was living in a right wing Trump bubble. Dig this. https://threadreaderapp.com/thread/1684015065521876993.html

Chuck Pergiel said...

The whole Jan 6th investigation was a show trial in the best traditions of Soviet Russia. Spending any time on that clown show is a waste of time.