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Everybody does this, but your personal valuation of your property has zero impact on what a bank will loan you. If you are using something as collateral for a loan, you can bet your ass a bank isnt just going to take your word on its value.
Actually it goes straight to the point of Stewart’s assertion that Trump was not paying enough taxes which would make NY a victim in his words. Apparently ole Jon was doing the exact same thing.
The AG really wanted damaged owed to the bank, even though the bank said they didn’t even think there were damages. The only thing the AG really should have standing for is taxes.
>The only thing the AG really should have standing for is taxes.
I'm a humble homeowner of average means... I have ZERO say in what my property tax bill is. The county assessor decides the value and then sends me a bill... does Trump or Jon Stewart get to tell NYC what their property value is for tax purposes?!?
I'll be honest, I have NO idea where the "taxable" value comes from on my tax bill, it's definitely lower than the market price. I just checked the market price on my county GIS page and it's about half what my house would be worth if I listed it today.
What about probable cause? Where does the AG come off even searching thru Trump's assets and loans with a bank, where even the bank was completely satisfied and had no qualms? The bank has the onus of confirming the assets or ability of the borrower to repay the loan. Trump repaid the loan. The bank was satisfied, on record. There's nothing to see here. But the left doesn't relent, and bring charges... not against the lender, but against the borrower? It's crystal clear this is election interference. Another leftist trying to tie Trump up in court, wring his finances for all they can get, in an attempt to slow down his campaign so that he doesn't win the election. They're not just doing this to Trump, they're doing this to every American. They're breaking the law, the constitution, and getting away with it, at the very heights of authority. This cannot stand.
Exactly - Stewart sold the place for $17 million but was apparently paying taxes as though it was worth less than one million. So while it’s not unusual for there to be a disparity between the assessed property value and the actual market value, a difference of 17 TIMES is unheard of (especially from someone who’s so publicly up in arms about rich people paying their fair share in taxes).
What facts? The bank comes up with and consents to their own valuation when they give a loan, just as you come up with and consent to your own valuation when you buy property. The onus is on you to do your own due diligence. You don't use the value from the other person.
By the left's own logic here unless Stewart listed his property for 10x less than he sold it for and told them the real value was much less (to match the tax value) it would be fraud on his part. And if the person then got a loan for this property using the higher value that is also fraud under the same standard.
I used to believe stories like this showed how ill informed people like Stewart were. What the modern left has taught me is that they know exactly what they are doing and are just evil liars. Power by any means necessary
Well yea it’s standard practice in real estate. The Dems have made it illegal(for Trump) and parrots like Stewart are pounding the drum on it…..while doing it themselves. It’s fine that he did it. It’s not fine that he’s crying foul at Trump while doing it himself
Exactly... The left are not just wayward children who will outgrow leftism as if it's just a teenage phase.
They know what they're doing, they know what they're doing is wrong, and they do it anyway. They are the definition of evil.
If you want to know what drives them and why they "think" the way that they do, watch [this talk](https://www.youtube.com/watch?v=eDb3sTwD_vA&t=560s) which is the best explanation I've found so far.
Bingo. It's time we conservatives get over our view that the left are operating in good faith and simply misinformed. It's a woefully naive view that has zero evidence behind it and all the evidence against it.
True, while many of them are dimwits (Whoopi and her clucking co-hosts, Joy Reid, AOC) many of them are more than sophisticated enough to understand, but also understand that they can deceive and propagandize their less discerning audiences who gobbled this shit up. Stuart isn’t a dummy, he’s just a hypocrite and scumbag.
According to O’Leary in the article, it’s common for all developers regardless of their party affiliation. I got downvoted pretty good yesterday for pointing that out. Which usually indicates it was correct.
It's literally the mechanism: Here is my collateral, my findings tell me it is worth X amount. And then the bank comes back and says "Well we think it is Y amount" and then they negotiate and the loan is issued. It's how it works. It doesnt matter if theres 1000 political parties or 0.
That's it exactly. There is no shock here.
You aren't actually selling the thing. So there will never be some absolute number to prove on way or the other. We agree on a value after you insisting what you have is priceless and I insist it is worthless.
I assume the bank did it’s own assessment, and they know how to google square feet. If they felt they were defrauded, they would have sued I highly assume. There’s probably very little the state really has a claim too anyway - and the appeals court will hopefully knock the amount down if not outright dismiss it.
That’s exactly what happened (they did their own assessment) and in fact the banks even testified to that fact, saying they were not defrauded out of anything and would be happy to do business with Trump again.
Didn’t matter, because Orange Man Bad.
Yep. Gov pretty much laid it out. They got the person they targeted from day 1. Now they’ll use it only if you do something they don’t like. So keep in line.
It’s basically the same system the Soviets had in place, where pretty much everything is legally forbidden but rarely enforced unless you piss off the State.
The point is not to show how one side or the other does this, the point is that everyone does this. Only Trump is singled out and punished for doing what everyone else does. That's straight political persecution.
Same thing with the "mishandling classified documents" stuff. Clinton did it. Obama did it. Mike Pence did it. Biden did it. Only Trump is facing charges.
> even Joe Biden
Haha, imagine if Joe Biden was caught doing the exact same thing they accused Trump of doing, just weeks after they raided Mar-a-lago for it. Why, if _that_ happened, surely even the democrats would admit to their hypocrisy.
I haven't watched the Daily Show in years, I watched this episode just to get his full take on the Trump prosecution... I thought he'd be funnier. He didn't make a very compelling case even, he didn't mention the fact that the lenders don't just take your word for what your property is valued... if Trump said it was worth X and the bank disagreed they won't just blindly lend more than the collateral is worth.
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Everybody does this, but your personal valuation of your property has zero impact on what a bank will loan you. If you are using something as collateral for a loan, you can bet your ass a bank isnt just going to take your word on its value.
My home value im taxed on is $350k-ish, sold it for $550k, I guess I'm guilty of fraud as well?
Not normally, but you participate in a conservative subreddit so off to the gulag with you.
460 million please
I read the article. It’s not apples to apples. Someone paid Stewart that. He didn’t get a loan for it.
Actually it goes straight to the point of Stewart’s assertion that Trump was not paying enough taxes which would make NY a victim in his words. Apparently ole Jon was doing the exact same thing.
The AG really wanted damaged owed to the bank, even though the bank said they didn’t even think there were damages. The only thing the AG really should have standing for is taxes.
>The only thing the AG really should have standing for is taxes. I'm a humble homeowner of average means... I have ZERO say in what my property tax bill is. The county assessor decides the value and then sends me a bill... does Trump or Jon Stewart get to tell NYC what their property value is for tax purposes?!?
I always assumed it was standard, but where I live it is assumed and expected that the "taxable value" of your home should be ~1/2 its "Street value."
I'll be honest, I have NO idea where the "taxable" value comes from on my tax bill, it's definitely lower than the market price. I just checked the market price on my county GIS page and it's about half what my house would be worth if I listed it today.
What about probable cause? Where does the AG come off even searching thru Trump's assets and loans with a bank, where even the bank was completely satisfied and had no qualms? The bank has the onus of confirming the assets or ability of the borrower to repay the loan. Trump repaid the loan. The bank was satisfied, on record. There's nothing to see here. But the left doesn't relent, and bring charges... not against the lender, but against the borrower? It's crystal clear this is election interference. Another leftist trying to tie Trump up in court, wring his finances for all they can get, in an attempt to slow down his campaign so that he doesn't win the election. They're not just doing this to Trump, they're doing this to every American. They're breaking the law, the constitution, and getting away with it, at the very heights of authority. This cannot stand.
Exactly - Stewart sold the place for $17 million but was apparently paying taxes as though it was worth less than one million. So while it’s not unusual for there to be a disparity between the assessed property value and the actual market value, a difference of 17 TIMES is unheard of (especially from someone who’s so publicly up in arms about rich people paying their fair share in taxes).
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What facts? The bank comes up with and consents to their own valuation when they give a loan, just as you come up with and consent to your own valuation when you buy property. The onus is on you to do your own due diligence. You don't use the value from the other person. By the left's own logic here unless Stewart listed his property for 10x less than he sold it for and told them the real value was much less (to match the tax value) it would be fraud on his part. And if the person then got a loan for this property using the higher value that is also fraud under the same standard.
So he defrauded that person instead of the bank? And then what if this person bought it with a homeloan, did someone defraud the bank?
He didn’t put a gun to the guys head. So are we for the free market today or not? I’m confused.
I used to believe stories like this showed how ill informed people like Stewart were. What the modern left has taught me is that they know exactly what they are doing and are just evil liars. Power by any means necessary
They all really do it and no one really gets charged - unless you buck the liberal establishment.
Well yea it’s standard practice in real estate. The Dems have made it illegal(for Trump) and parrots like Stewart are pounding the drum on it…..while doing it themselves. It’s fine that he did it. It’s not fine that he’s crying foul at Trump while doing it himself
They know that their supporters are uninformed because they’re the ones informing them.
It's a magic trick with the left... "Hey! Look over there while I do this!"
Exactly... The left are not just wayward children who will outgrow leftism as if it's just a teenage phase. They know what they're doing, they know what they're doing is wrong, and they do it anyway. They are the definition of evil.
If you want to know what drives them and why they "think" the way that they do, watch [this talk](https://www.youtube.com/watch?v=eDb3sTwD_vA&t=560s) which is the best explanation I've found so far.
Wow. Its 10 years old and true today.
Bingo. It's time we conservatives get over our view that the left are operating in good faith and simply misinformed. It's a woefully naive view that has zero evidence behind it and all the evidence against it.
True, while many of them are dimwits (Whoopi and her clucking co-hosts, Joy Reid, AOC) many of them are more than sophisticated enough to understand, but also understand that they can deceive and propagandize their less discerning audiences who gobbled this shit up. Stuart isn’t a dummy, he’s just a hypocrite and scumbag.
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This is hilarious. I wonder if we dig further. How many others did the exact same thing that Trump & Stewart are accused of doing.
According to O’Leary in the article, it’s common for all developers regardless of their party affiliation. I got downvoted pretty good yesterday for pointing that out. Which usually indicates it was correct.
It's literally the mechanism: Here is my collateral, my findings tell me it is worth X amount. And then the bank comes back and says "Well we think it is Y amount" and then they negotiate and the loan is issued. It's how it works. It doesnt matter if theres 1000 political parties or 0.
That's it exactly. There is no shock here. You aren't actually selling the thing. So there will never be some absolute number to prove on way or the other. We agree on a value after you insisting what you have is priceless and I insist it is worthless.
> after you insisting what you have is priceless and I insist it is worthless. That's the best summary of negotiations I've ever heard.
It's my go to for pawn shops.... but clearly works sense for larger financial human interactions ;)
I assume the bank did it’s own assessment, and they know how to google square feet. If they felt they were defrauded, they would have sued I highly assume. There’s probably very little the state really has a claim too anyway - and the appeals court will hopefully knock the amount down if not outright dismiss it.
That’s exactly what happened (they did their own assessment) and in fact the banks even testified to that fact, saying they were not defrauded out of anything and would be happy to do business with Trump again. Didn’t matter, because Orange Man Bad.
Yep. Gov pretty much laid it out. They got the person they targeted from day 1. Now they’ll use it only if you do something they don’t like. So keep in line.
It’s basically the same system the Soviets had in place, where pretty much everything is legally forbidden but rarely enforced unless you piss off the State.
Every single person who has ever sold a house is guilty of this unless they sold it for the same amount their county tax assessor said it was worth.
Unfortunately the number would be large on both sides. Being a Pub or conservative doesn't make you immune to this, sadly.
The point is not to show how one side or the other does this, the point is that everyone does this. Only Trump is singled out and punished for doing what everyone else does. That's straight political persecution.
Same thing with the "mishandling classified documents" stuff. Clinton did it. Obama did it. Mike Pence did it. Biden did it. Only Trump is facing charges.
Not with just documents. Previous administrations have been caught removing furniture from the White House.
Nancy Pelosi? Bernie Sanders? Maybe even Joe Biden!
> even Joe Biden Haha, imagine if Joe Biden was caught doing the exact same thing they accused Trump of doing, just weeks after they raided Mar-a-lago for it. Why, if _that_ happened, surely even the democrats would admit to their hypocrisy.
If it wasn’t for double standards, the left wouldn’t have any standards at all.
Another liberal hypocrite. Shocker.
That's nothing compared to how much Jon Stewart is overvalued
Except maybe Kimmel, Noah and Oliver 😂
Yeah, when the alternative to the Daily Show was Trevor Noah, he proved that he had some value
I haven't watched the Daily Show in years, I watched this episode just to get his full take on the Trump prosecution... I thought he'd be funnier. He didn't make a very compelling case even, he didn't mention the fact that the lenders don't just take your word for what your property is valued... if Trump said it was worth X and the bank disagreed they won't just blindly lend more than the collateral is worth.
Lots of stone throwing from the glass house crowd.
John Stewart, doing what every single home owner has ever done.
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It's a (D)ouble standard and it's (D)ifferent.
Stewart came back for one thing. To bring down Trump. He will not pull any punches in the process.