John Stewart bashes Trump over overvaluing property in fraud case

[dakensta]

Trumpers:
IT'S NOT FAIR to prosecute someone for a crime, while not prosecuting someone I don't like for, as far as I am capable of discerning, the exact same crime.

[Weightaholic]

Do we know for sure he was truly grossly inflating the value of the properties?

Yes. Two examples.

In the case of Mar-A-Lago, the rights for it to be a residential property were signed away, and it has to remain a social club in perpetuity. This was done by Trump, so as to lower his assessable value.

In the case of his NY penthouse, he assessed it on the basis that it was 30,000 sq ft. It's 11,000.

The first, you can make some argument regarding differing values (not the absurd 100x that Trump claims though). The second one, it's pretty difficult to argue with a tape measure....

[SillieBazzillie]

I know they're not that great w logic, but do liberals even understand that when you ask for a loan, the bank will do its own assessment of the value of that property...?

Do you understand that rich guys like Trump aren't treated like the rest of us? His valuations were used and got him more favorable rates than he should have and then he undervalued for tax purposes.

Lock him up.

[xxAchillesxx]

Do you understand that rich guys like Trump aren't treated like the rest of us? His valuations were used and got him more favorable rates than he should have and then he undervalued for tax purposes.

Lock him up.

What's your stance on the appraisers and banks allowing it?

[SillieBazzillie]

What's your stance on the appraisers and banks allowing it?

Doesn't matter. The law is the law. Rich guys shouldn't get treatment that you and I don't get just because they're rich.

Do you agree with this?

[xxAchillesxx]

Doesn't matter. The law is the law. Rich guys shouldn't get treatment that you and I don't get just because they're rich.

Do you agree with this?

Not at all. But in situations like this I'm also on the fence as to who to throw the blame at when people take advantage of clear favoritism or loopholes. The ones clearly taking advantage or the ones allowing the loopholes.

[ThePD]

Doesn't matter. The law is the law. Rich guys shouldn't get treatment that you and I don't get just because they're rich.

Do you agree with this?

So your going to start advocating for every property developer to get the same treatment in retrospect and going forward?

[ClivesTriceps]

Doesn't matter. The law is the law. Rich guys shouldn't get treatment that you and I don't get just because they're rich.

Do you agree with this?

So now you're admitting Jon Stewart did the same thing as Trump?

Interesting

[SillieBazzillie]

So now you're admitting Jon Stewart did the same thing as Trump?

Interesting

You really struggle with reading comprehension.

Aware me where JS inflated his property value to secure more favorable loan terms. THAT would be the same thing big boi.

Also aware me where JS said his place was 5x bigger than it actually was and lied about it being rent controlled to gain favorable loan terms.

You guys...SMH

[SillieBazzillie]

So your going to start advocating for every property developer to get the same treatment in retrospect and going forward?

Yep. But let's start with this litmus test so we don't bother the honest ones.

If you are so crooked you can't run a charity in NY AND you stole from your slaves so bigly that you had to pay them $25M, then you are subject to this strict review.

Seems reasonable to me.

[ClivesTriceps]

You really struggle with reading comprehension.

Aware me where JS inflated his property value to secure more favorable loan terms. THAT would be the same thing big boi.

Also aware me where JS said his place was 5x bigger than it actually was and lied about it being rent controlled to gain favorable loan terms.

You guys...SMH

You already were made aware sillie you just didnt want to hear it from the guy with the GED. Must hurt knowing I knew before your bigly educated ass did

[SillieBazzillie]

You already were made aware sillie you just didnt want to hear it from the guy with the GED. Must hurt knowing I knew before your bigly educated ass did

What you think JS inflated the size of his property to receive more favorable loan terms? Please aware me what loan JS applied for lying about his property.

I'll hang up and listen.

[JUSA]

Yes. Two examples.

Thanks

[Seatard]

It's still pretty sketchy. Even if the assessment was on the level, the transaction certainly was not then. Taking into account Stewart's own connections with people in power and this appearing to be an 800% short-term profit, this would be more than just a Jon Stewart thing. There would have to be more people involved on a property deal that absurd.

There is no "certainty" about the transaction being sketchy and it's extremely easy to see the transaction history.

It's a 6,000 square foot penthouse, purchased in 2005 for $4.5M, renovated, and sold in 2014 for $17.5M. Not short term, not 800%, and easy to compare to other similar transaction in the area.

This whole "gotcha" attempt is absolutely based on pure fake news bullchit.

[NitrogenWidget]

It doesn't really make any sense. Assessed value at $850 K but sell it for $17 M a few years later?

In what world does that happen?

well,
it seems to me someone in the assessor's office was doing Stewart a solid.
but it really depends on what the other units in the building were valued at.

also, why someone would pay that much?
a whole lot of stuff doesn't make sense about this.

[Derplington]

There is no "certainty" about the transaction being sketchy and it's extremely easy to see the transaction history.

It's a 6,000 square foot penthouse, purchased in 2005 for $4.5M, renovated, and sold in 2014 for $17.5M. Not short term, not 800%, and easy to compare to other similar transaction in the area.

This whole "gotcha" attempt is absolutely based on pure fake news bullchit.

It shows how stupid Clive and other Trumpers are. They don't even try to gain a basic understanding of the situation. They see a "gotcha" headline and latch onto it because they think it vindicates their favorite politician. I used to think some of the Trumpers here were actually smart, but they're mostly all complete morons. Clive is bottom of the barrel IQ. An absolute mouthbreather.

[SillieBazzillie]

It shows how stupid Clive and other Trumpers are. They don't even try to gain a basic understanding of the situation. They see a "gotcha" headline and latch onto it because they think it vindicates their favorite politician. I used to think some of the Trumpers here were actually smart, but they're mostly all complete morons. Clive is bottom of the barrel IQ. An absolute mouthbreather.

That's how it is with Trump sycophants. They eagerly slurp up all the alt right, fake news they can without a second of critical thought.

That's how he controls them so bigly and so easily.

[Jasonw1178]

Mayby JS didn't do the same thing, but isn't it funny how well connected people (celebrities and politicians) seem to all too often run into these sweetheart too good to be true 1 in 1,000,000 deals? Just luck I guess.

In this case, someone sold him some property for way under market value. For some reason, JS was the only one given that deal but anyone would jump on it and pay more. Then he finds a buyer that is willing to pay him over 8X as much. Same thing with their stock choices. They invest just suddenly put a lot of money in some stock and then the stock doubles in price. Or they pull their money out right before it crashes. It's almost like insider trading, but that would be a conspiracy theory.

[Stizzel]

The article says it SOLD it for 829% more than it was assessed at. Where did Stewart apply for loans and outright lied by overvaluing his property?



The NY Post is fake news.

This is embarassing even for you

[HaiMeesk]

Damn they buried this story like a tunnelrat motherfukker. Like nothing ever happed with this guy.

[NYPat]

Damn they buried this story like a tunnelrat motherfukker. Like nothing ever happed with this guy.

Probably because he did nothing wrong. 100% unlike Trump.

Funny how Trumpers like Stizzel can't figure this out.