January 20, 2024
"On April 13, 2023, former President Donald Trump sat for a pre-trial deposition in his civil fraud case in New York."
"CBS News obtained recordings of the questioning from the New York Attorney General's Office after a public records request...."
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So when Liz Warren screams ‘GE doesn’t pay taxes!!’ I believe she doesn’t understand what a tax loss carryforward is, even though she’s on committees where it seems incompetent not to know. Now I suppose it is possible it is a form of auxesis but she never’s been one for snappy rhetoric. Her supporters never call her out for it- she’s neither idiot or fabulist…
Trump has used snappy rhetoric his whole life. I have no issue concluding he engages in hyperbole. I think his opponents are being disingenuous when they don’t recognize hyperbole. That is perhaps generous- they are idiots.
If there's something in there CBS or the NYAG thinks we should be outraged about, I didn't see it.
"What's the buzz? Tell me what's happening."
The scary part for us is that Biden still has a very real likelihood to prove Trump right.
The criticisms I'm seeing are:
1. He meanders and talks about things that are irrelevant to the lawsuit. Like: open the curtains and look at the building and that's where they fought the duel in the sun. I found it all pretty entertaining.
2. He claimed to have saved millions of lives and that without him there'd have been a nuclear war. That's a colorful way of putting it. I hope it's not true, but no one knows. It reveals his tendency toward puffery, and he is accused of puffing up his estimation of the value of the properties.
3. He puffs the value of the properties before your very eyes. There's that "Mona Lisa" theory: the properties are unique and very beautiful. He doesn't just buy a warehouse or some other income-producing piece of property. He owns works of art. Their value is beyond mere numbers. It's whatever you can get, if he sells, but he doesn't sell.
Trump is right. Many of his properties are unique. The question isn't what a reasonable buyer would pay for them. A reasonable wouldn't buy them because a reasonable buyer couldn't afford them. The question is how much one of the richest people in the world, e.g. a rich Saudi or CCP member, would pay. No one knows until Trump puts them on the market and, thus, there is no fraud.
I wonder if his lawyers advised him to just answer the question as quickly as possible and he ignored their advice, or if they failed to give him that advice, perhaps because they knew he would ignore it.
"It reveals his tendency toward puffery, and he is accused of puffing up his estimation of the value of the properties."
Yes, we see here what his opponents claim is illegal behavior. It's appalling.
Trump - The crime where no one was hurt... no was was defrauded. Loans were paid back in full.
Unlike Crook Joe Biden - who pocketed million in washed clean American tax dollars... thru monies shifted to Ukraine & a Ukrainian energy company.
Turnberry WAS on the "rota" of British Open courses. After Trump bought it, the Royal & Ancient Golf Club (the sanctioning body of golf everywhere in the world with the exception of the USA) took Turnberry OFF the rota. Largely because Trump himself was so personally reprehensible and the R&A rightly wanted no association.
Turnberry might well get another Open. But will only be after Trump is convicted, defeated in the 2024 election, sentenced to jail and forced to sell off many if not all of his properties. Particularly including Turnberry. And even then, because the Open scheduling is set sometimes a decade in advance, the Open will not be returning to Turnberry, probably during Trump's lifetime.
Trump is also full of shit about valuations for Turnberry. In a way, it is like a "priceless" work of art. But it isn't like many works of art that are purchased by competitive collectors at auction, where the new owners can do with the art whatever they wish. Turnberry is more like a painting that can only be hung in a certain room at the British Museum and cannot be placed on the owner's yacht, or a mansion in California, or a casino display in Las Vegas.
By all accounts in the British Press (and Scotland has far more intrusive disclosure laws than Trump's private clubs in the U.S.), Trump has LOST money on his operation of Turnberry. What isn't clear, but what is intimated by some of the disclosures, is that Trump's fudning of Turnberry has been in large part a Russian money-laundering operation. It may be a real estate jewel (no thanks to Trump), but it isn't any sort of valuable income producer for anyone.
The media think this hurts him.
The media think this hurts Trump - they would not have released it otherwise. I think they are wrong.
Brain melt for this old man, Nikki is Pelosi, Obama is Biden, EJean is Marlahes babbling like a brook.SHarp as a tack huh? NOT966⁸
One of the perquisites of wealth is the ability to get away with eccentricity and willfulness.
I've had wealthy clients who insisted on having their astrologers attend the deposition and advise them.
This is why Trump will, at best, be a mixed blessing.
As one who is in real estate, nothing unusual at all in what he says.
I detest Trump, but I think he comes cross just fine here and I think he explains his theory quite well: I'm not buying laundromats and warehouses to generate income streams, I place expensive bets on undervalued property that I think can appreciate.
So Hunter can sell complete and utter junk pieces of art for 1000x their value, but trump cannot value his properties as he sees fit. Witch hunt. ALL of the lawsuits against him are witch hunts.
To synthesize what a couple of commenters note, it's wrong to ask if a property is unique. Every combination of property, seller, and buyer is unique, and generates a unique value proposition.
Real estate development is not for the faint of heart. It’s a risky business for risk takers who can see potential profits where others see nothing but potential problems.
I would like to see a four minute extemporaneous and calm discussion by Biden like this, under oath. I bet we could count the lies and run out of fingers to count them on.
This is a great example of Trump remains sharp and engaged. Does he ramble? Yes.
His point on nuclear war is typical politician. And to be fair since he left office we now have an axis of evil actively participating in regional war with Russia, Iran, China, and North Korea actively involved in supplying and supporting war across Ukraine, Israel, Red Sea, Syria, Lebanon, even recently Iraq. That’s three nuclear states supporting regional war and conflict. So his point isn’t exactly moot.
In regards to real estate: he’s exactly right. Commoditized real estate is easy to value and gets normal valuations. Unique, special real estate is far far different. It’s about what someone will pay. It’s about things like converting the space to condos and running numbers on that valuation. It’s a totally different ballgame. And as long as no laws are breached, special valuations supported by both parties and by any lenders involved is on the up and up.
Althouse said,
"2. He claimed to have saved millions of lives and that without him there'd have been a nuclear war. That's a colorful way of putting it. I hope it's not true, but no one knows. It reveals his tendency toward puffery, and he is accused of puffing up his estimation of the value of the properties."
Maybe not millions, but look at the world in 2019 and look at it now. He certainly delayed the deaths of many thousands. Arrogant stupidity has brought us to this point. We are now involved in a war in Yemen. Say what you want about him personally but he had good foriegn policy and good economic policy.
"The worth of something is whatever that thing will bring."
For purposes of this ridiculous lawsuit, it's not what someone might pay; it's what the banks think is a reasonable bet to make with the loan of their money. They don't think that every property that Trump owns is going to appreciate 50 or 100 times, but they know that many of them have, and that they will get paid because the collateral is there.
Also a lot of Trump's "rambling" is filbustering. You hear the lawyer say at the beginning that he wants to use his seven hours to cover other subjects besides the prevention of nuclear war--that's because seven hours is the limit for depositions in federal court.
As someone pointed out above, if they got anything "good" out of Trump's deposition they would have broadcast it 24/7 a long time ago.
Trump draws on arsenal of slurs to attack rivals for Republican nomination -- Trump stays on brand......
"He reached such a point of abjection that we were ashamed to insult him". ~ Saint Simon, Mémoires, 1749
More attention needs to be paid on the fact that Trump really confused Haley with Pelosi. This was not some minor mistake or gaffe. He kept it going and was clearly confused. Experts who work with senile old people recognize what he did, repeated Haley's name, trying to recall who or what he was talking about. The blank expression in his eyes when the blackout came. Trump has never been mentally fit to be president but now is also practically 80 years old. How much more gibberish must Trump spout before his supporters admit Trump is nuts? He has been in sharp decline for 8-9 years. His campaign is driven by a desire to stay out of jail.
Give it a rest, Rich.
If Trump is declining this quickly his campaign might sputter before summer.
A Biden voter telling us about Trump's mental fitness.
That's rich.
“We’re…going to place strong protections to stop banks and regulators from trying to debank you from your—you know, your political beliefs, what they do. They want to debank you, and we’re going to debank—think of this. They want to take away your rights. They want to take away your country. The things they’re doing. All electric cars.” ~ Donald Trump
One thing I find fascinating about Trump followers is that Trump routinely says things like this and you may not have heard, but the man is running for President of the United States and nobody says outright, "What the heck is wrong with this man? What in the world is he talking about."
Apparently Ricch has been asleep while those issues Trump talked about developed.
Competing with Baghdad Bob Cook.
Indian real estate: The transformative journey in 2024 and ahead will a Trump emerge in India?
I suspect that even though a jury of his peers found that Trump had committed sexual assault and lied about it, that he is not required to register as a sex offender because it was a civil jury, not one of his four criminal cases.
Sure Rich..based on a laughable story with zero evidence in a slam dunk jury with a biased judge.
Carroll is a nut job. NY just happened to relive staute of limitations in time to ridiculously harang Trump.
You should be more concerned about child sniffing/grabbing "Pedo Pete" showering with his daughter and enabling open border sex trafficking.
Walter is the Trump whisperer ….
Good counter.
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