Doesn't jive with the old narrative of how bad of a lending risk Trump was. Or is that talking point done for now?
No lawyer in these kind of cases would ever let their client testify. Once you get on a stand they can ask you anything they want and open so many doors you dont want open or could twist something really bad in front of a jury/judge. Having a defendant in these cases testify is the exception not the norm.
I know , though Dotard himself is saying he wants to testify in his own defense.... we all know he is speaking to the base and when the time comes to take the stand , he will fold. Exposing them will be nice.
Deutsche Bank made over 200 million dollars on the Trump loans and have stated so. There is no aggrieved party in this "fraud" "case". ----Except for Democrat hierarchy who don't want Trump to be President again.
It's amusing to hear some make claims that Trump's loans with Deutsche Bank were "profitable" -- in reality the loans were perpetually in trouble of not being repaid -- many times new loans needed to be put in place to repay earlier loans that were on the verge of default. Plus the banks had to write-off hundreds of millions in Trump debt. Eventually Deutsche Bank cleared their books of most Trump loans after the Trump organization went to Russian and Saudi Arabian sources for financing. Trump’s Deutsche Bank Loans Appear To Be In Trouble https://www.forbes.com/sites/danale...oans-appear-to-be-in-trouble/?sh=4145a5cd1e1f The Money Behind Trump’s Money The inside story of the president and Deutsche Bank, his lender of last resort. https://www.nytimes.com/2020/02/04/magazine/deutsche-bank-trump.html Trump's secret, ugly breakup with Deutsche Bank is revealed in new allegations by NY's attorney general https://www.businessinsider.com/trumps-secret-ugly-breakup-with-deutsche-bank-revealed-2022-10 Deutsche Bank Loaned Donald Trump Billions: NYT There were numerous red flags. The German bank loaned Trump money anyway. https://www.usnews.com/news/nationa...nald-trump-more-than-2-billion-new-york-times 'In one instance, Trump told the bank his net worth was roughly $3 billion to secure a loan in 2004, but a review of his finances found he was worth about $788 million, according to the Times. The bank still lent him more than $500 million. In another, a promised loan – that never went through – involved a forged signature. And a third instance revealed Trump Hotels & Casino Resorts defaulted on bonds and the bank's clients suffered losses.'. Deutsche Bank won’t do any more business with Trump https://www.cnn.com/2021/01/12/investing/deutsche-bank-trump/index.html Banks Forgave Hundreds of Millions in Debt Trump Owed From Chicago Skyscraper: NYT https://www.thedailybeast.com/banks...rump-owed-from-chicago-skyscraper-report-says 'Instead of paying the $334 million he owed to Deutsche or the $130 million he owed Fortress or allowing his creditors to seize the building, he delayed and then sued them both for $3 billion in damages. In a July 2010 settlement, the two lenders forgave hundreds of millions in debt, and the two Trump companies involved in the construction reported $101 million and $105 million in canceled debt that year.' Trump hotel lost $70M during presidency, got help from bank Former President Donald Trump’s company lost more than $70 million operating his Washington, D.C., hotel while in office, forcing him at one point to get a reprieve from a major bank on payments on a loan. https://www.cbs7.com/2021/10/08/trump-hotel-lost-70m-during-presidency-got-help-bank/ Donald Trump’s Great Escape: How The Former President Solved His Debt Crisis https://www.forbes.com/sites/danale...ident-solved-his-debt-crisis/?sh=1efb55eb3970 'How did he manage to pull all this off? First, he got some help from Steven Roth, his near-billionaire business partner, who has a sterling reputation in the real estate world. Then Trump cut a miraculous deal with a murky investment firm called CGI Merchant Group. Finally, he found a Kushner family–connected lender to replace Deutsche Bank, which for years had financed his projects and overlooked his shortcomings. “Every business in the world is completely morality-agnostic when it comes to moneymaking opportunities,” says Mike Offit, who started Deutsche Bank’s relationship with Trump in the 1990s after the future president came off a series of bankruptcies. “He’ll always have lenders. Yes, it may be expensive. But there will always be entities that will lend to him.”'
I'm just telling you how banking was typically conducted, at least during my time in it. This is apart from any fraud or collusion; just business as usual.
hmmmm-----I just don't see Deutsche Bank listed as a plaintiff here. The fact remains that Deutsche Bank earned over 200 million bucks on Trump loans. ----This "case" is a fraud.
The DA will call Trump and his sons to the stand in this civil case rather than his defense lawyers. Trump and his sons will plead the fifth to just about every question (this is the expectation). Trump and his sons will plead the Fifth in civil fraud trial: Watergate prosecutor https://www.rawstory.com/trump-plead-the-fifth/ Former President Donald Trump and his adult sons will be facing trial for civil fraud in a matter of days — and the clear facts of the case have already been decided, with Judge Arthur Engoron finding them liable and leaving it to the court how much they owe New York State in damages. But things could get even worse for them, argued former Watergate prosecutor Nick Akerman on CNN Thursday. They will have to take the Fifth on the stand to protect themselves from further legal harm — and even in so doing, they will damage themselves. "Nick, would you be surprised if Trump or his eldest sons were called to testify?" asked anchor Jake Tapper. "Or are you expecting that?" "Oh, I'm expecting that," said Akerman. "If i were the AG, I would pop them up on the stand almost immediately. Because I would expect on a number of these issues they're going to wind up asserting their Fifth Amendment privilege, claiming that a truthful answer would tend to incriminate them. Particularly Donald Trump, one of the issues that's left in this case is the falsification of business records. And he's already under indictment for that issue in Manhattan." The upshot of that, Akerman continued, is that likely "all of these people are going to have to take the Fifth Amendment or get up there and lie or put themselves in legal jeopardy of being subsequently indicted." "Keep in mind, this is a civil case," added Akerman. "It's not like a criminal case where the government can't call the defendant to the witness stand. In a civil case you can use the assertion of the Fifth Amendment privilege as an adverse inference against the person who asserts that privilege. So I would expect absolutely that the AG is going to call all of those witnesses." Watch the video below or at the link here.