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<blockquote data-quote="vantexan" data-source="post: 5839626" data-attributes="member: 24302"><p>"Wildly exaggerated and a total fabrication?" Says who? The banks have a fiduciary responsibility to verify everything is correct. They don't get to just accept what's on an application as 100% accurate without checking. If they were satisfied with the application and made the loan then who was harmed?</p><p></p><p>Here's the catch. The State Attorney General's office knew this was standard practice for loan applicants in this high dollar arena. They knew it was going on all the time but had never chosen to prosecute anyone for it. So they had a way to get Trump. The AG is on video numerous times before she was elected saying that a major goal she had was to go after and get Trump. This allowed her to do so. This was a political hatchet job from the start. It was not some high minded attempt to bring some evil doer to justice. </p><p></p><p>Why should he be held to a different standard? Because guys like him not only make the banks a lot of money but they also put a lot of people to work. He's not harming the tax system. His efforts generate a lot more tax revenue than the extra gained if his valuations were 100% accurate. Now the NY AG may have done more harm to the tax base than he ever did if a lot of businessmen worry that they may be next and pull up stakes. If they have nothing to worry about then this really was just an effort to get Trump.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5839626, member: 24302"] "Wildly exaggerated and a total fabrication?" Says who? The banks have a fiduciary responsibility to verify everything is correct. They don't get to just accept what's on an application as 100% accurate without checking. If they were satisfied with the application and made the loan then who was harmed? Here's the catch. The State Attorney General's office knew this was standard practice for loan applicants in this high dollar arena. They knew it was going on all the time but had never chosen to prosecute anyone for it. So they had a way to get Trump. The AG is on video numerous times before she was elected saying that a major goal she had was to go after and get Trump. This allowed her to do so. This was a political hatchet job from the start. It was not some high minded attempt to bring some evil doer to justice. Why should he be held to a different standard? Because guys like him not only make the banks a lot of money but they also put a lot of people to work. He's not harming the tax system. His efforts generate a lot more tax revenue than the extra gained if his valuations were 100% accurate. Now the NY AG may have done more harm to the tax base than he ever did if a lot of businessmen worry that they may be next and pull up stakes. If they have nothing to worry about then this really was just an effort to get Trump. [/QUOTE]
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