The Hate just keeps on coming

[CS1983]

https://www.google.com/search?q=trum...&bih=612&dpr=3

That's not what I asked. Anyone can say anything they want to anyone. The question is would a bank really give out millions of dollars without any verification?

[MrPrena]

That's not what I asked. Anyone can say anything they want to anyone. The question is would a bank really give out millions of dollars without any verification?

Some bank may some bank may not depends on their cash reserve and rate. Depends on their policies.

My original statement was over inflated asset to secure loan and posted a link.

[CS1983]

Some bank may some bank may not depends on their cash reserve and rate. Depends on their policies.

My original statement was over inflated asset to secure loan and posted a link.

Your original statement was:
"Yeah the reason bank gave him a loan is because he over valued his asset. These were well known even before he was running for pres.
Of course Cool aid drinker think that is fake news.

If I LIE to a bank that my tiny little property is $100m to secure $20m loan, I would end up in ....."

Did the bank give him a loan? From the article, no.

Did any bank give him a loan based on overvalued assets? Did any bank do so without 3rd party appraisal/verification?

Values are a weird thing. If we consider market value to be whatever someone will give for X product/service, then why don't we consider loanable value to be whatever a bank would give a loan for, with something as collateral?

[Martinjmpr]

That's not what I asked. Anyone can say anything they want to anyone. The question is would a bank really give out millions of dollars without any verification?

At the level we're talking about, all the regular "rules" go out the window.

There's an old saying I've always liked:

"If you owe the bank Ten Thousand dollars and can't pay, YOU have a problem.

If you owe the bank a Hundred Million Dollars and can't pay - the BANK has a problem."

[CS1983]

At the level we're talking about, all the regular "rules" go out the window.

There's an old saying I've always liked:

"If you owe the bank Ten Thousand dollars and can't pay, YOU have a problem.

If you owe the bank a Hundred Million Dollars and can't pay - the BANK has a problem."

This assumes that a loan has been given. We are talking about the process antecedent to the actual loan.

[MrPrena]

Coolaid

[Irving]

They sure did just before the 2008 crash.

[hollohas]

They sure did just before the 2008 crash.

That's a different ballgame altogether. And directly related to the gov forcing banks to give home loans to unqualified peeps.

Multi million $ commerical business loans are a totally different animal.

[Irving]

Multi million $ commerical business loans are a totally different animal.

Maybe. I don't think they are as different as people imagine that they are.

[Irving]

Not all loans come from banks. Not sure if that applies at that level though.