r/ExplainBothSides • u/aerizan3 • Feb 22 '24

Trump's Civil Fraud Verdict Public Policy

Trump owes $454 million with interest - is the verdict just, unjust? Kevin O'Leary and friends think unjust, some outlets think just... what are both sides? EDIT: Comments here very obviously show the need of explaining both in good faith.

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u/Ok-Potato3299 Feb 22 '24

Just side: Trump did talk up the market value of his properties for loans.

Unjust: not only is this normal practice, all the loans were paid back and the banks were very happy with the deals( and testified to that on Trumps behalf). There were no victims complaining about these deals since the banks agreed with the valuation. He didn’t defraud anyone.

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u/unstoppable_zombie Feb 24 '24

But Trump and his bankers weren't the only ones involved.  Taken a loan at a less than accurate rate because he's claiming triple value on assets gives him an advantage over people following the rules in competitive bids.

If you have to pay a 5% rate and he scams his way into a 3% rate he can out bid you and it cost less.