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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 7:41 pm to SteelerBravesDawg
quote:
I didn't get that impression at all.
Buck has a very dry sense of humor.
And he has struck me over the years as a conservative, he lives in Forsyth County if that's any indication.
And Celini and Dimino weren't being serious.
If the segment was about a college transfer held up because the player couldn't find his transcript, and Buck jumped in with "Like Obama can't find his birth certificate" do you think that would fly? Of course not. You are being obtuse.
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.
Posted on 10/6/23 at 9:27 pm to Whiznot
quote:
It isn't unusual for there to be different asset values between book value and tax value. The big banks understand values.
Thanks for being on Trump's side on this case.
quote:
I have no doubt that Trump and his bankers are all crooked as hell.
So chick-fil-a is too salty. Got it.
Posted on 10/6/23 at 9:45 pm to SteelerBravesDawg
quote:
he lives in Forsyth County if that's any indication.
What’s that supposed to mean
Posted on 10/6/23 at 10:25 pm to mmmmmbeeer
quote:
Dude, you can't tell a bank that a property is worth $1.5B and then say it's only worth $400M on your taxes. That's illegal as frick.
Every homeowner does this. Every house in Atlanta is appraised below market value for tax purposes. The mil rate is the mil rate. The game is to manipulate the appraisals and therefore the assessment in order to ratchet up the taxes at a pace that doesn’t cause a revolt.
Of course, Mar-a-Lago isn’t a home. It’s some kind of club with weird deed restrictions.
Posted on 10/6/23 at 10:30 pm to meansonny
quote:
It feels like a lot of people have become numb to the witch hunt that has become the democratic party against trump.
Witch hunt. Or, their never ending campaign to keep the spotlight on Trump? The man who has strengthened them more than any other person in history. Of course they are going to keep flogging their race horse. He’s the best thing that ever happened to them.
Posted on 10/6/23 at 11:13 pm to pdawg
quote:
Witch hunt. Or, their never ending campaign to keep the spotlight on Trump? The man who has strengthened them more than any other person in history. Of course they are going to keep flogging their race horse. He’s the best thing that ever happened to them.
I see it the same, but opposite. If they didn't think Trump had any chance to win, they wouldn't be doing all this shite. They are scared to death of Trump getting in power again, because his platform is to get rid of all the sewer dwelling rats in the bureaucracy. Which most Americans agree with, by the way. But permanent washington can't have that. They're not havin' it.
Posted on 10/7/23 at 7:56 am to deeprig9
Get a clue man. He's part of the sewer dwelling rats. Every single one of them is a rat, him and his gang included. I can't believe there are so many people that still worship politicians, much less, give them money for their campaigns. I have not, and would not, ever given a penny to a political campaign. That's just crazy. Ten to fifteen years from now, you won't be able to find a person that will claim they voted for Trump.
Posted on 10/7/23 at 9:18 am to AirbusDawg
I voted for Trump twice. I now have the conviction that I can no longer vote for people who do not intentionally give glory to the Lord Jesus Christ through faithful obedience to Him with a solid profession of faith. Trump just doesn’t cut it for me because of that, but almost all political candidates fail that test, too.
They are all either admitted or functional atheists, belong to a false expression of the Church, or don’t live consistently with their public profession of faith, if they have one at all.
They are all either admitted or functional atheists, belong to a false expression of the Church, or don’t live consistently with their public profession of faith, if they have one at all.
This post was edited on 10/7/23 at 9:26 am
Posted on 10/7/23 at 10:58 am to FooManChoo
quote:
belong to a false expression of the Church
Posted on 10/7/23 at 11:08 am to Cheer
Like Mormons, for example.
Posted on 10/7/23 at 11:16 am to deeprig9
quote:
Once the experts and facts started coming out in this thread, isn't it funny how certain people disappear?
Like cockroaches when the lights come on.
He was already found liable...aka, "guilty" in a civil case. I'd say that's the facts.
Mazar's declared a decade of his financial statements to be inaccurate.
His CFO went to jail for fraud.
These are all things that have already happened. Meanwhile, you throw out anecdotal, bullshite talking points as if you're, in your own words, an "expert".
Absolutely NOTHING factual is on your side in this case. He's in court to learn what penalties will be assessed. He lost his case in court and is civilly liable for defrauding the state of NY.
But go on, champ. I'm sure DJT will let you juggle his balls in your mouth at some point.
This post was edited on 10/7/23 at 11:21 am
Posted on 10/7/23 at 11:18 am to Barstools
quote:
Well, to be fair, Tax basis allows accelerated depreciation, where GAAP doesn't. Your Tax basis will typically always be lower than your GAAP basis.
You use GAAP basis to secure loans, you use Tax basis to file taxes. Your statement alones isn't indicative of anything other than basic accounting.
I get how it works just clarifying what the accusations are.
I still don't get why anyone would lend the guy money if he had unreliable financials. It seems odd since a) that would potentially be a huge liability for the bank and b) banks would have protocols in place to prevent that. Getting debt is a huge pain in the arse for all parties involved.
Posted on 10/7/23 at 11:19 am to deeprig9
quote:
I see it the same, but opposite. If they didn't think Trump had any chance to win, they wouldn't be doing all this shite.
Or, and I know this is REALLY going out on a limb, he actually has broken several laws and went through the legal process, including grand juries presented evidence, and there was enough evidence to indict him....4 times on 91 counts.
I mean, sometimes a bad guy is just a bad guy.
Posted on 10/7/23 at 11:21 am to FinleyStreet
quote:
I still don't get why anyone would lend the guy money if he had unreliable financials. It seems odd since a) that would potentially be a huge liability for the bank and b) banks would have protocols in place to prevent that. Getting debt is a huge pain in the arse for all parties involved.
He was only getting loans from Deutsche Bank...no one else would lend to him. Deutsche Bank has gone through their own..ahem..."issues".
Posted on 10/7/23 at 11:23 am to FooManChoo
quote:
Like Mormons, for example.
How about Pentecostals?
This post was edited on 10/7/23 at 11:25 am
Posted on 10/7/23 at 11:25 am to Cheer
quote:
Pentecostals
Shahanda faldwanna hauyasha hahawauxa!
That was tongues. You have to interpret it now so we can receive a message from the Lord.
Posted on 10/7/23 at 11:26 am to mmmmmbeeer
quote:
He was already found liable...aka, "guilty" in a civil case. I'd say that's the facts.
As of yesterday, an appeals court put their foot on the neck of that ruling. They haven't killed it all the way yet, but that's coming.
Posted on 10/7/23 at 11:30 am to FinleyStreet
quote:
That was tongues. You have to interpret it now so we can receive a message from the Lord.
Now you know why I had to leave the faith: I failed interpretation.
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