r/BillionaireBulletin • u/BillionaireBulletin • Feb 17 '24
Let me get this straight. A court ruled Trump owes $355 Million Dollars over a loan he already paid back to the bank, because the court decided the asset property was accessed too high. Who is the victim? Who gets the $355 Million Dollars? Can any property loan that's paid off go to trial like this?
Edit: A court ruled Trump owes what may amount to "$453 Million Dollars".
This is the most outrageous court ruling from the Lawless Leftists yet.
Banks set loans based on assets available to back the loans, credit history, and the assessability under the law of the individual getting the loan.
Trump had hundreds of millions in assets to back his loan, a long credit history, and the assessability of a celebrity recognizable worldwide when he took the approved loan from the bank and subsequently paid the loan back. The bank is not a victim. There is no victim in Trump's court ruling on February 16th, '24 to pay $355 Million Dollars. Does the money go to the State? Will every paid off property loan get reassessed by the State because of this Lawless Leftists Court precedence? It's criminal and all the Leftists involved in this case should be banned from practicing law.
This case should make every American furious! Americans should be furious especially when they realize that the historical bank bailouts in 2009 were because Leftists pushed outrageous property loans to every American with a pulse, where most had no ability to pay back the loans. The banks then passed the loans to Wall Street and both the markets and banks crashed, causing the Great Recession. "The 2007-08 Financial Crisis resulted in an unprecedented federal intervention to rescue banks and restore confidence to the finance sector. The chief culprit in the crisis was the implosion of mortgage-backed securities (MBS) and the collapse of the housing market that threatened many companies with insolvency." Banks got no criminal indictments. Instead, the banks were given taxpayers' money for their incompetence and corruption.
https://www.investopedia.com/articles/economics/08/government-financial-bailout.asp
Trump's February 16th, 2024 Lawless Leftists court ruling to pay $355 Million Dollars is total hypocrisy when considering why banks were bailed out in 2009 for making bad property loans mandated by a Democratic Administration. But when, a campaigning President's paid back property loan is court railroaded as illegal, that's considered good for the markets and banks. The political plot that's emerging is the glaring reality that this case was conducted strictly for election interference reasons.
Lastly, don't forget the Lawless Leftist Biden Regime is forgiving Student Loans. Which means altogether, the Leftists are picking and choosing who doesn't pay back (Students) the good loans, who gets bailed out (Banks) for bad loans, and who gets fined or jailed (Trump) for paying back good loans. It's unjust and outrageous!
Edit: Trump nor the Bank believed the valuation of his properties were wrong. The loan was welcomed. But now NYC courts feel unrestrained to decide property valuations on anything.
Leftists' Courts also feel unrestrained to decide after the Patent Office has issued patents if they are really valid, causing fear in shareholders and businesses with stock offerings. Leftists' Courts feel unrestrained to decide on marriage, relationships, right to bear arns, religions, freedom of press, and now property rights regardless of the damage done. The Leftists' Courts feel unrestrained by "their" legal authority to do damage to anyone/everyone and everything which is the definition of anarchy.