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re: OT- Apparently Buck Belue is a Liberal
Posted on 10/6/23 at 7:07 pm to deeprig9
Posted on 10/6/23 at 7:07 pm to deeprig9
I don't claim to be an expert but do work at a CPA firm that specifically audits and prepares FS for companies that own real estate properties. I have some experience in this sector. So I do know that under very legitimate circumstances this could all be above board.
Also, I'm not saying he did nothing wrong, just that having different values for the same asset, isn't alone enough to say it was fraud.
Also, I'm not saying he did nothing wrong, just that having different values for the same asset, isn't alone enough to say it was fraud.
This post was edited on 10/6/23 at 7:08 pm
1
Posted on 10/6/23 at 9:09 pm to Barstools
I'm a former FDIC examiner. A couple of times I spent 6 weeks in big NYC banks analysing shared national credits, over billion dollar lines. One of the lines I worked was Trump's casino line. At that time the line was under bankruptcy. I don't remember much about it because the adverse classification was automatic due to the bankruptcy. In spite of multiple bankruptcies the bankers continued to lend.
It isn't unusual for there to be different asset values between book value and tax value. The big banks understand values. They aren't deceived but they are often deceptive. I have no doubt that Trump and his bankers are all crooked as hell.
It isn't unusual for there to be different asset values between book value and tax value. The big banks understand values. They aren't deceived but they are often deceptive. I have no doubt that Trump and his bankers are all crooked as hell.
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