Curmudgeon
10 hours ago
The bank in question testified at the trial for the defence. They stated they did their own assessment and agreed terms with Trump. The loan was paid back in full in accordance with the agreement. //

Blue State Deplorable
9 hours ago edited
This prosecution is patently ridiculous. First, there are no damages - the bank was made whole with interest. Second, the bank is not some unequal partner that was taken advantage of. This is their business and they have professionals that advise them accordingly. Third, and as Kevin O’Leary points out, this is a negotiation that happens every day in every city in America. It’s how commercial real estate development is often financed. Anyone who thinks Trump is guilty of something here is galactically stupid. //

Ready2Squeeze Romeg
9 hours ago
At least here in NY, valuations for purposes of taxes are always much lower than what the property is worth on the market. That is done intentionally as it fools a lot of people into thinking that they are getting a 'deal' on their tax assessment - when in fact everyone else's property is similarly 'under valued'.

But don't worry - the government just makes it up on the tax rate ...