Saturday, October 5, 2024

Victim..

 
One of the most damaging, at least monetarily, was the lawsuit filed by New York Attorney General Letitia James alleging that Trump overstated the values of some of his properties for the purpose of getting lower interest rates on real estate loans.

It was a weak case, at best, for two reasons. 

First, it was politically motivated.  James had run for office on a platform of pursuing Trump. "We will all rise up and resist this man," she once told a campaign crowd, "and ultimately, we'll bring him down." 

Second, the trial revealed, in the words of this newsletter [Washington Examiner] , "that there were no victims, that the loans were paid back in a 'timely and total' fashion, that the lending institutions made the loans based not on Trump's representations but on their own research, and that some of those institutions were eager to do business with Trump again." 

The suit should never have been brought, but even after James decided to go ahead, any penalty should have been small. Just a thought.

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