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Philosophy, Religion & Society / Re: Trump
« on: March 26, 2024, 01:49:23 PM »Did the bank send assessors?Also, isn't his networth increase due to Truth Social going public and the initial expected stock surge which will likely drop like a stone to its true worth soon after?
Yes. It's paper wealth in perhaps its most extreme form. Trump can't realize it and it's not going to help him pay his debts or cut any deals with financial institutions.
Ironically, this case proved he paid his debts to financial institutions. The fine is brought by the state claiming it was fraud to overstate the value of his property to the bank. The same bank that sent assessors to the property and accepted Trump's valuation of it. The debt to the bank is long paid off and they admitted they'd do business with him again.
This case is nothing more than government corruption. "For my friends, everything; for my enemies, the law."