PrintThe absurdity of the NY AG's investigation of Trump's valuations of his properties
The N.Y. A.G., federal Justice Department and other Democrats have been targeting Trump in search of a crime.
The N.Y. A.G. is accusing Trump of inflating his net worth and value of properties. If everyone who thought he and his net worth and properties are worth more than they are were guilty of fraud, the jails would be very crowded.
If Trump committed fraud, the banks would have destroyed him. Banks don't just take the word of someone who comes in for a loan. They are required to get financial statements, tax returns, and appraisals before they make loans of all sizes, let alone the amounts the Trump Organization borrowed.
I was a financial regulator for three years and have been a CPA for a group of banks for over 28 years. The regulators would destroy us if we made loans based on the word of borrowers instead of deep analysis.
Now the media and other Democrats will accuse Trump of being guilty because he pleaded the Fifth, as is his right. He is correct to do that since the grand jury would probably have no expertise in financial and tax matters.
New York State attorney general Letitia James.
After all, it is not unheard of for people surrounding Trump, like Michael Flynn, to be destroyed and convicted by corrupt, politicized justice officials.
Ex-Trump adviser Michael Flynn charges of lying to FBI dropped
In a court filing first reported by the Associated Press, the justice department said it moved to dismiss the charges "after a considered review of all the facts and circumstances of this case, including newly discovered and disclosed information".
The department said the interview between investigators and Flynn in January 2017 was "unjustified" and not conducted on a "legitimate investigative basis".
It also said it could not prove beyond reasonable doubt that Flynn had lied, and said that after the interview, FBI agents had "expressed uncertainty as to whether Mr Flynn had lied".
The Democrat-controlled House is still in search of a crime, and now they have a judge's permission to see Trump's tax returns, even though there is zero evidence for them to look at them. I would love to see AOC's deep analysis of Trumps tax returns.
The media and other Democrats know that Hunter Biden has taken massive kickbacks from foreign sources and probably shared the wealth with Joe Biden, yet there is little interest in seeing their tax returns because Democrats are above the law.
There is substantial evidence that Joe and Hunter routinely paid each other's bills and shared a checking account, yet there seems to be no interest in seeing if they filed gift tax returns to report the gifts. That would be tax fraud if that happened.
There are many massive cases of fraud where people are above the law. The ratings agencies, Fannie and Freddie, and many banks and brokers committed massive fraud in 2008 by packaging up junk bonds and defrauding investors by rating them triple-A. Trillions were lost, and the economy was almost destroyed, yet they didn't go to jail. But Trump may have overestimated the value of his assets verbally.
The ratings agencies made huge amounts of money misleading people on the safety of these securities that later went bust. They were and are greedy.
Mark Zandi of Moody's not only didn't go to jail, but is the go-to guy when Democrats want to pretend they have an independent economist to value their policies and disparage their opponents.
He is pretending the "inflation reduction act" will reduce inflation, and he said when he was campaigning for Hillary that Trump's policies would destroy the economy.
Instead of the SEC prosecuting Moody's, they essentially slapped them on their knuckles with a ruler.
Moody's Escapes SEC Lawsuit, Now Moves to Shield Itself From Liability
Despite allegations that Moody's Investors Service, one of the three major credit rating agencies, committed fraud when it failed to fix what it knew was an erroneous rating, the Securities and Exchange Commission announced on Tuesday that it wouldn't sue the rating agency. It instead settled for a scolding, directed at ratings agencies generally.
The Inflation Reduction Act Will Reduce Inflation
Mark Zandi, Chief Economist of Moody's Analytics: "As named, the Inflation Reduction Act will lean against inflation over the next decade. It also adds a bit to growth. And it is more than paid for with tax hikes on large corporations and the well-to-do. While modest legislation, there is plenty to like in the legislation.
Trump's Critics on the Economy: So Wrong, So Often
The New York Times summarized a 2016 study by economist Mark Zandi of Moody's Analytics by warning, "If Donald Trump were elected president and put in his stated policies, the United States would experience a lengthy recession, enormous job losses, much higher interest rates and diminished long-term growth prospects." The economy under Trump has precisely the opposite result on every measure.
Obama and his team of minions committed massive fraud when they infected the public with Obamacare. They knowingly lied continuously to the "stupid" American voters that with Obamacare, they could keep their doctor and keep their plan, and costs would go down substantially, and it would lower the deficit. This massive fraud cost the public hundreds of billions, if not trillions. Yet none of the people committing this massive fraud were prosecuted. Nope, they are celebrated.
But Trump is guilty and should be prosecuted because he may have exaggerated his net worth, which didn't cost the public a darn penny.
Private equity firms, brokers, bankers, and owners routinely overvalue public stock offerings on electric car companies and other companies, which costs investors hundreds of billions, but they aren't charged.
But Trump is the problem.
Hillary and the DNC must not have thought they could beat Trump based on their policies or the truth, so they committed a massive fraud on America by paying over $10 million to a foreign national to produce a fake dossier that was used to target Trump and mislead the public. Then they committed fraud by calling the payments legal fees when they reported them to the FEC. But they are above the law.
And the biggest fraud of all is where the media, bureaucrats, and other Democrats are seeking to destroy the economy and industries that directly and indirectly employ tens of millions based on easily manipulated computer models. Not once have they provided any scientific data that causally connects fossil fuel consumption with temperatures, sea levels, or storm activity, but facts don't matter when they are pushing the leftist agenda.
But Trump should be destroyed because he may have inflated his net worth!
