Donald Trump got caught red-handed during his $250 million New York bank fraud trial on Monday when lawyers for the New York attorney general’s office revealed Trump had long ago signed financial documents with the clear intent that they would be used to curry favor with banks.
After being shown a loan agreement he had signed with Deutsche Bank in 2012, Trump agreed that his faulty financial statements were intended to induce banks to lend money.
While it might not sound like much, the admission is key to the New York attorney general’s case, which hopes to prove that Trump deceived banks and insurers by massively overvaluing his net worth. Trump essentially admitted on the stand that these financial documents were produced with the express intent to induce lending. The Trump Organization was likely able to secure loans at far lower interest rates due to all the overinflated valuations.
He’s never making it into that office again, one way or another.
You are an amazing optimist in this situation. I think I’m a pretty damn optimistic person, but I still fear this man will walk away without ever seeing the inside of a jail cell.
I think you believe what all of us want to happen actually will. You believe what would happen to any non-rich elite will happen to Trump, because the justice system will prevail and has him dead to rights. But the rest of us won’t believe it until we see it with our own eyes.