You’ve probably heard by now that the insane court system in New York has fined President Trump hundreds of millions of dollars for engaging in standard negotiating practices in real estate deals. Under this crazy, punitive, and entirely political judgment, Trump can’t even appeal the ruling unless he posts hundreds of millions of dollars in cash as a bond.
The Democrats facilitating this lawfare attack against Trump don’t seem to realize that the American people are not stupid. We see what this is.
President Trump negotiated with banks for loan amounts based on the worth of his existing properties. This is standard procedure in every modern real estate deal and there’s nothing illegal about it. You tell the bank what you think your property is worth, the bank makes a counteroffer, and then you negotiate.
Yet when Donald Trump did this, it was somehow fraud. Naturally, this nutty court ruling has investors worried about putting any money into New York in the future. If the state prosecutes you for standard, legal business practices on a whim, who will want to risk their money in that environment?
Investor Kevin O’Leary from ‘Shark Tank’ is one person who has already announced that he’s pulling all future investments out of New York. Watch as Jimmy Dore explores O’Leary’s reasons for ditching New York in the wake of these rulings.
