Post by EPIC Sir Tinley on Mar 22, 2022 4:31:47 GMT -8
I hadn't seen anything on this posted and that stunned me. With all the scouring for what Trump had for lunch and if it was carb appropriate, somehow it didn't get a mention.
Side note: Daniels looks to be a few treatments from becoming Marilyn Manson.....
Ya, it's clear that he assumes that Trump is in prison right now.
LOCK HIM UP! Lol @ pretending Trump could list whatever he wants on his SRE and a lender like Deutsche Bank wouldn't do any diligence, just accept it. Maybe the prosecutor is a bit to vested to be objective?
Ya, it's clear that he assumes that Trump is in prison right now.
LOCK HIM UP! Lol @ pretending Trump could list whatever he wants on his SRE and a lender like Deutsche Bank wouldn't do any diligence, just accept it. Maybe the prosecutor is a bit to vested to be objective?
they do their due diligence, they get an appraiser and they rely on the appraiser to get the information from the Trump organization and the appraiser trusts what the Trump organization is providing them to be accurate.
It's why their accounting firm dropped them as a client and put out a statement that their past reports done for the trump org cannot be relied upon anymore.
And it's not like Duetsche Bank has never done anything illegal themselves and are some bastion of integrity.
Last Edit: Mar 24, 2022 11:01:55 GMT -8 by nubulator
they do their due diligence, they get an appraiser and they rely on the appraiser to get the information from the Trump organization and the appraiser trusts what the Trump organization is providing them to be accurate.
It's why their accounting firm dropped them as a client and put out a statement that their past reports done for the trump org cannot be relied upon anymore.
And it's not like Duetsche Bank has never done anything illegal themselves and are some bastion of integrity.
Lol. Come on man, its almost like you don't have experience with an SRE. What exactly is a fair market value? Is it recent trades? Is it a cap rate? Is it cash flows? Is it whatever someone is willing to pay for it? The don't always get 'appraisers' who rely on the borrower's information. In fact, its rare, if ever done. At most, they'll independently get a BOV from a big firm that has no idea what is on the SRE.
They will get an appraisal on the subject property, and that's independent. Its not like JLL or CBRE needs to know what Trump thinks its worth.
Last Edit: Mar 24, 2022 11:16:53 GMT -8 by SanDiego11
they do their due diligence, they get an appraiser and they rely on the appraiser to get the information from the Trump organization and the appraiser trusts what the Trump organization is providing them to be accurate.
It's why their accounting firm dropped them as a client and put out a statement that their past reports done for the trump org cannot be relied upon anymore.
And it's not like Duetsche Bank has never done anything illegal themselves and are some bastion of integrity.
Lol. Come on man, its almost like you don't have experience with an SRE. What exactly is a fair market value? Is it recent trades? Is it a cap rate? Is it cash flows? Is it whatever someone is willing to pay for it? The don't always get 'appraisers' who rely on the borrower's information. In fact, its rare, if ever done. At most, they'll independently get a BOV from a big firm that has no idea what is on the SRE.
They will get an appraisal on the subject property, and that's independent. Its not like JLL or CBRE needs to know what Trump thinks its worth.
The appraisers and accounting firms are relying on data provided by the Trump org. I didn't mention anything about what Trump thinks its worth. I am talking about the borrowers providing bad information to the appraisers. Like changing rent rolls, showing higher occupancies, showing that tenants are paying. The appraisers do not get paid enough to do their own complete audit to make sure they the documents provided are not fraudulent.
The don't always get 'appraisers' who rely on the borrower's information.
how else will they get leases, operating statements etc. outside of getting it from the borrower?
What exactly is a fair market value?
there are definitions of what fair market value is. Are you looking for a definition, or asking rhetorically as those methods can be utilized to establish fair market value? A cash flow is not a fair market value, a cap rate is not fair market value.
The appraisers and accounting firms are relying on data provided by the Trump org. I didn't mention anything about what Trump thinks its worth. I am talking about the borrowers providing bad information to the appraisers. Like changing rent rolls, showing higher occupancies, showing that tenants are paying. The appraisers do not get paid enough to do their own complete audit to make sure they the documents provided are not fraudulent.
We're not talking about appraisals for your house or small business. These are deals in the hundreds of millions or more. Yes, the banks get paid more than enough to verify the information. Are they even alleging Trump was in cahoots with the management companies to change rent rolls and occupancy statistics? And even those can be tested, you have comps. Its not like Trump can say "We're getting 5X the rents of our comps!" and give the bank some fake proof and they just say, 'cool!'. I would apologize for saying this, but fuck it, your position is insanely naive.
how else will they get leases, operating statements etc. outside of getting it from the borrower?
Either the management companies or by testing deposits in statements. If you claim you're getting X per month, bank can test that by checking that deposits were made in that amount by the lessee. Weirdly, they sometimes do that, especially if the valuation seems off when tested.
there are definitions of what fair market value is. Are you looking for a definition, or asking rhetorically as those methods can be utilized to establish fair market value? A cash flow is not a fair market value, a cap rate is not fair market value.
You can most certainly establish market value using cash flows and cap rates. Would be difficult on raw land though. Maybe he faked title too?
Last Edit: Mar 24, 2022 13:17:18 GMT -8 by SanDiego11
Hopefully we get discovery. We all just want to know the truth, or at least that was what the Russiagate parrots pretended.
Trump doesnt want discovery and will withdraw the case before then. This is just red meat for qtards. Plus he cant get any competent lawyers anymore because everyone knows he is a corrupt shyster con man.
Trump doesnt want discovery and will withdraw the case before then. This is just red meat for qtards. Plus he cant get any competent lawyers anymore because everyone knows he is a corrupt shyster con man.
Hmmm, you think Trump doesn't want discovery when we had 2+ years of discovery with an unlimited budget? But the other guys are cool with being investigated, like Clinesmith who had to alter emails to make them seem damning and obtain warrants. Qtards! Lol, ok.
Trump doesnt want discovery and will withdraw the case before then. This is just red meat for qtards. Plus he cant get any competent lawyers anymore because everyone knows he is a corrupt shyster con man.
Hmmm, you think Trump doesn't want discovery when we had 2+ years of discovery with an unlimited budget? But the other guys are cool with being investigated, like Clinesmith who had to alter emails to make them seem damning and obtain warrants. Qtards! Lol, ok.
The mueller report confirms collusion and obstruction and advised on impeachment as they couldn't charge a sitting president. He wont want discovery as it will show how much of a russian asset he actually was. Or should i say, asshat?
The mueller report confirms collusion and obstruction and advised on impeachment as they couldn't charge a sitting president. He wont want discovery as it will show how much of a russian asset he actually was. Or should i say, asshat?
Lol, you love to spread fake news. The Mueller reports only criminal claim against the Trump campaign was obstruction. Obstruction of the investigation that was still investigated.
Here you go.
Mueller finds no collusion with Russia, leaves obstruction question open
The mueller report confirms collusion and obstruction and advised on impeachment as they couldn't charge a sitting president. He wont want discovery as it will show how much of a russian asset he actually was. Or should i say, asshat?
Lol, you love to spread fake news. The Mueller reports only criminal claim against the Trump campaign was obstruction. Obstruction of the investigation that was still investigated.
Here you go.
Mueller finds no collusion with Russia, leaves obstruction question open
Here ya go. Call it what you want but Trump has been a Putin puppet for a long time and doesnt want the truth to come out. At least you're not one of those clowns that believes Trumps lie that the report was "total exoneration"...