Politics Aside - How ridiculous is this Trump trial?
Seems the AG has no idea banks do their own due diligence. Every article I read says that Trump defrauded banks by inflating his net worth, when the bank has to accept that value and does their own due diligence on net worth (I'm assuming). Then due to the inflated net worth the AG is complaining that they loaned him money - something that they did their own diligence on and underwrote conservative cases to loan him that with xyz guaranties to get comfortable.
Like how is this the argument she's using, seems insane to me. Anyone else agree or is there an actual crime here?
He's already been found guilty, this is just for additional counts + a penalty trial. Not sure why you think intentional misrepresentation (or fraud) is ridiculous.
Yes banks do their own due diligence, but reps and warranties specifically state that information provided is true and correct. The bad boy carveouts for a loan would also cover fraud.
Did you not take an ethics class in school?
This is not that complicated. Fraud is unethical, illegal and punishable by jail time
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