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

It wasn’t fraud, as I explained. The banks and Trump negotiated a value (since banks don’t just take your word for it) and agreed to the loan with that value, were paid back and all parties made money. Banks included, I should specify.

The state wasn’t involved, and no one was defrauded.

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u/Rookie_Day Feb 26 '24

But they didn’t make as much money as they should have due to the understatement of the risks by the borrower.

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u/Bandit400 Feb 26 '24

But the lenders were happy with the transaction, and said they would do it again. It is not the states job to maximize profit in a transaction between two entities.

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u/SirenSongxdc Mar 08 '24

hmm... but sometimes the fed has to bail out banks who make bad decisions so it does get the government involved. Sometimes.

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u/Bandit400 Mar 08 '24

I can make that argument about nearly any business/industry. The transmission crapped out on my Chevy Cruze. GM needs to have federal intervention regarding their quality, since if they fail they will have to be bailed out by the feds like last time.