Donald Trump committed fraud and lied about his wealth for many years, rules judge

[sqlrob]

[danimagoo]

Indeed, that’s exactly what it means.

[evadrepus]

That they didn’t lose money won’t hold water. Their loans are insured and if they don’t sue their insurers will sue them for fiscal irresponsibility.

[PsiPhiGrrrl]

@allenk

while Trump may have been lying to the banks, none of the banks actually lost money, so no harm no foul right? It’s not a defense, because it was screwing up the market, but I think it might mean the banks don’t have standing to sue.

You’re tempting me to read the fine print (and bold type) on loan documents again. IIRC they have a lot of statements about the bank’s rights to pursue folks who put false or incorrect information on applications. Sometimes, those points are repeated just above the space for the applicant’s signature.

[Mangochin]

[GagHalfrunt]

“FAILING Donald Trump is going BANKRUPT! LOSER!”

/s

[DukeTrout]

@allenk

It’s not a defense, because it was screwing up the market, but I think it might mean the banks don’t have standing to sue.

It depends if they could have made more lending that money elsewhere. It’s not just about direct P&L but also opportunity cost.

[GilbertWham]

Give it up, Marj. He’ll never love you.