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Trump loses bid for mistrial in New York fraud case
(www.the-independent.com)
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this post was submitted on 17 Nov 2023
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I wonder if upon him losing this case, if any banks will sue for damages? They would have all the evidence already laid out for them, seems like an easy pay day for the shareholders.
Didn't the defense say they were going to put bankers on the stand who were going to say "No, we didn't care, it's all good"? I don't recall hearing from any of those bankers at all this week.
Yeah, I didn't see anything about any banks testifying. I can't image a bank that would get a representative on the stand to basically say, "he cheated us out of possibly millions, but that's fine", while at the same time foreclosing on someones home because they offered them a predator mortgage loan to make a few thousand extra (depending how long the homeowner took to go under water).
The biggest damage for Trump is that he will never be able to do it again. No banker in the world will accept him or anyone close to him telling them "it's a 15-storey building" without sending someone over and counting the stairs, they will even start counting the holes on Trump's golf courses. This means that he will no longer be able to get cheap loans or cheat on his taxes.
The banks may stay put, because otherwise their shareholders might ask why they did not get someone to count the floors in the first place, instead of believing a notorious liar. They will probably take the smaller losses and hope that Trump is still willing /stays capable to pay back some of the loans.
The biggest damage for Trump might be even larger than that. Trump likely will lose control of the Trump organization. In addition, he could face hundreds of millions in fines. Despite claiming that he's a billionaire, this will hit him extremely hard financially - the very place where his ego is situated.
But even more than this, I read reports that the Trump name might be tied to the Trump Organization. So if he loses control of this company, he might lose control of the Trump name. It could be sold off to some other buyer who could launch a series of "Trump" products that have nothing to do with Donald J Trump.
If this happens, I wouldn't want to be a ketchup bottle in Mar-A-Lago!