On Tuesday an executive with Deutsche Bank, David Williams, who approved one of the loans given to Donald Trump utterly destroyed the corrupt Letitia James
persecution prosecution of President Trump for which there were no victims. Williams explained the process that loan applications are processed by banks and his testimony completely exonerates Trump. The only thing that ever differs in loans to responsible borrowers see is the interest rate, which is based on the risk involved for the loan.
Radical Marxist New York Attorney General Letitia James is seeking $250 million in ‘damages’ in a criminal trial for which there is no victim. When the co0rrupt James ran for office her platform was that she would “get” President Trump. No doubt once Trump wins his case he would have an easy lawsuit charging James with malicious prosecution. I believe he could file the suit in Florida which would not be beneficial to James. She would not have an all Democratic jury.
A Deutsche Bank executive who worked to approve at least one of Trump’s loans said that the valuations the borrower puts on assets is not carved into stone and it is not unusual for thereto be a conflict in valuation of property and that would not get a loan application tossed as long as an agreement could be made. He pointed out that his bank made a tidy profit and would love to do business with Trump again. This type of lending is typical in high net-worth, high-profile clients like Donald Trump. Anyone with basic knowledge of banking, lending, portfolio and credit risk management knows this.
“A Deutsche Bank AG executive gave testimony that could bolster Donald Trump’s defense in his civil fraud trial, telling a New York judge that prospective clients can get loans even after reporting a net worth far higher than the lender’s own calculations.”
“David Williams, who worked on at least one of three loans Deutsche Bank made to Trump in the years before he was elected president, testified Tuesday that it’s “atypical, but not entirely unusual” for the bank to cut a client’s stated asset value by 50% and approve a loan anyway, as it did with Trump.”
Williams testified that Trump’s stated assets are merely an opinion and a difference of opinion in asset values does not disqualify the potential borrower from a loan.
“It’s just a difference of opinion,” Williams said, according to Bloomberg.
Late last month far-left New York Judge Arthur Engoron blasted Trump’s lawyers and said fining Trump for ‘illegal profits’ is an ‘available remedy’ – in a fraud case with zero victims.
Engoron said fining Trump for ‘illegal profits’ is an available remedy…even though there are no victims and a Deutsche Bank executive testified that loaning Trump was a “good credit decision.”
Trump’s former lawyer Michael Cohen, a convicted felon, testified last month.
Last month, Michael Cohen, a known liar, told the court that Trump inflated his assets. He continued his testimony later that week where he admitted in court that Trump never ordered him to inflate his financials.
“So Mr. Trump never asked you to inflate the numbers on his financial statement,” Trump attorney Cliff Robert asked Michael Cohen, according to CNN.
“Correct,” Michael Cohen said.
Trump’s lawyer Cliff Robert immediately asked the judge to dismiss the trial because Cohen, the key witness, just told the court that Trump never instructed him to inflate his assets.
Judge Engoron denied the motion to dismiss and it was at this point that Trump got up and abruptly walked out of the courtroom.
“The witness just admitted that we won the trial and the judge should end this trial immediately,” Trump said after he stormed out of the courtroom last month.