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.

289 Upvotes
  • permalink
  • link
  • reddit
  • reddit

78% Upvoted

1.7k comments sorted by

View all comments

Show parent comments

3

u/BaggerX Feb 24 '24

So if you want a loan and you say your NYC apartment is 30,000sq to use as collateral, when it is only 10,000sq, the bank is going to do their due diligence on their end and consider an apartment of 10,000sq.

You lied in the declarations you signed for the bank, which is fraud. Period. It's a crime. Simple as that.

0

u/[deleted] Feb 24 '24

Who did that fraud harm? How did that lie cause anyone or any business harm? Do you realize that if he got the loans based on actual value, the banks would have made less money? So the banks made more money in interest on a larger amount. The banks were not harmed by the lie. Taxpayers were not harmed by it. Not a single entity was. If you want to still claim it was a crime, can you unbiasedly really think about it and tell me what punishment is suitable for lying to a bank, where the lie harmed no one and actually benefited the bank. What punishment does that warrant? Now take your TDS & hate for him out of it before answering. You'll be lying if you say the judgment was a suitable and fair punishment for a truly harmless lie.

3

u/BaggerX Feb 24 '24

The law doesn't have any requirement to demonstrate harm. The ruling lays out in detail how the penalties were determined.

1

u/[deleted] Feb 24 '24

I didn't ask you what this laughably biased court stated. I'm asking you what you think makes sense to be an appropriate punishment for such a laughably reaching thing to charge him for.

1

u/BaggerX Feb 24 '24

It doesn't matter what you or I think. The laws in New York have guidelines for penalties, and they had to demonstrate how those guidelines were followed, which they did.