Crime Letitia James Under Pressure to Prosecute Jon Stewart for selling his New York home 829% over market value

[Cartiac]

Do you not understand the difference between selling it for more and between claiming it’s worth more to get a bigger loan, you great greasy gunt ?

You definitely don't even understand how clear it is you have no idea what you are talking about. Banks aren't stupid, they don't ask or care what the borrower claims the property is worth, they do their own appraisal to decide how they value the property.

 

[Sinister]

You definitely don't even understand how clear it is you have no idea what you are talking about. Banks aren't stupid, they don't ask or care what the borrower claims the property is worth, they do their own appraisal to decide how they value the property.

Lol@banks treat all borrowers the same

 

[I Am Legion]

You may have a legitimate point. However no one’s going to entertain anything you say when you can’t admit to some basic facts- two of them being:

1. He did in fact break the law

2. This has nothing to do with Stewart. Stewart did not commit fraud and he did not break the law.

If you stopped being so dishonest maybe someone would listen to you. I would look into it myself if you guys didn’t constantly waste my time by telling half truths and flat out lies

Every single time a Biden does something dumb, 100 posters in here go "What about Trump", so be fair about whatboutisms. Stewart said what Trump did was not a victimless crime because of the fact that other people would not get loans. Well, when he sells a property that is valued at 1.8 for 17.5, the same thing happens. When he pays taxes on 1.8, and sells for 17.5, something is rotten. Just admit that, and at least you aren't a hypocrit. By the way, I think it's all bullshit and is a waste of our cities time. Anyone in the business will tell you that this is only happening bc of who she is going after.

 

[Andy Capp]

Every single time a Biden does something dumb, 100 posters in here go "What about Trump", so be fair about whatboutisms. Stewart said what Trump did was not a victimless crime because of the fact that other people would not get loans. Well, when he sells a property that is valued at 1.8 for 17.5, the same thing happens. When he pays taxes on 1.8, and sells for 17.5, something is rotten. Just admit that, and at least you aren't a hypocrit. By the way, I think it's all bullshit and is a waste of our cities time. Anyone in the business will tell you that this is only happening bc of who she is going after.

This is all very silly and makes you look dumb,

Tell me something. Why don't everyone's property taxes skyrocket every time there's a real estate bubble?

 

[Snubnoze707]

This is all very silly and makes you look dumb,

Tell me something. Why don't everyone's property taxes skyrocket every time there's a real estate bubble?

Probably because they aren't having their houses appraised just because.

On a related topic, California voters are fucking stupid. They passed a law making it so that children that inherit houses can't carry on the same property tax. I'm currently moving into my fathers house after he passed away (fuck cancer) and now I'll be paying 4-5 times the taxes he paid just last year. And I live in the Bay Area, so it's a shit load of money for a tiny house.

 

[Blayt7hh]

Every single time a Biden does something dumb, 100 posters in here go "What about Trump", so be fair about whatboutisms. Stewart said what Trump did was not a victimless crime because of the fact that other people would not get loans. Well, when he sells a property that is valued at 1.8 for 17.5, the same thing happens. When he pays taxes on 1.8, and sells for 17.5, something is rotten. Just admit that, and at least you aren't a hypocrit. By the way, I think it's all bullshit and is a waste of our cities time. Anyone in the business will tell you that this is only happening bc of who she is going after.

I don't really give a shit when it comes to your whataboutism tiffs. I don't answer for the "dems" or the "left" or whatever game you guys are playing. I see something that is blatantly stupid and I am calling it out.

Is there something rotten? I really don't know and I'm not going to waste my time again trying to figure out where the Chuds weak lies are. It's already come out that the assessment was for 1 property before he converted it from 2 to 1 so that's enough for me to realize the chuds are wasting eveyrone's time again.

When it comes to poor innocent victim Donald Trump being unfairly prosecuted for his blatantly illegal scheming, you probably are right that a bunch of other shitheads have been getting away with it. Hopefully, this sets a precedent and they start to go after everyone who has been doing it. I know that none of us normal folk are could get away with that.

 

[Jack V Savage]

Every single time a Biden does something dumb, 100 posters in here go "What about Trump", so be fair about whatboutisms. Stewart said what Trump did was not a victimless crime because of the fact that other people would not get loans. Well, when he sells a property that is valued at 1.8 for 17.5, the same thing happens. When he pays taxes on 1.8, and sells for 17.5, something is rotten. Just admit that, and at least you aren't a hypocrit. By the way, I think it's all bullshit and is a waste of our cities time. Anyone in the business will tell you that this is only happening bc of who she is going after.

You guys literally don't even know what you're arguing about here. Some people are saying Stewart overvalued his asset because the buyer later sold at a loss. That's at least conceptually closer to Trump lying about his asset values, but the problem is that Stewart didn't lie to anyone about asset values and didn't gain from it. Sale value *is* market value. There's no estimate there. It is what it is. What Trump did was pretend his assets were worth a lot more than they were in order to secure credit and terms he wouldn't have gotten otherwise.

 

[I Am Legion]

You guys literally don't even know what you're arguing about here. Some people are saying Stewart overvalued his asset because the buyer later sold at a loss. That's at least conceptually closer to Trump lying about his asset values, but the problem is that Stewart didn't lie to anyone about asset values and didn't gain from it. Sale value *is* market value. There's no estimate there. It is what it is. What Trump did was pretend his assets were worth a lot more than they were in order to secure credit and terms he wouldn't have gotten otherwise.

Do you not see the absurdity of that? I see that every single day in the Auto and real estate business. EVERYONE does it. People need to get rates for car loans based on income, they add income EVERY day. The F&I people do it too. No one is ever arrested and charged over it. Stewart paid taxes on a property that MUST have been severly undervalued.....No home sells for 8x what it is truly worth without something fishy going on. You can admit that right? No tax assesor will be that far off.

 

[Andy Capp]

You guys literally don't even know what you're arguing about here. Some people are saying Stewart overvalued his asset because the buyer later sold at a loss. That's at least conceptually closer to Trump lying about his asset values, but the problem is that Stewart didn't lie to anyone about asset values and didn't gain from it. Sale value *is* market value. There's no estimate there. It is what it is. What Trump did was pretend his assets were worth a lot more than they were in order to secure credit and terms he wouldn't have gotten otherwise.

Probably because they aren't having their houses appraised just because.

Thanks; you're right but I was interested in hearing how @I Am Legion would answer my question. Anyway, so, tax assessed value doesn't get updated all that often while property value has increased rapidly in the last couple of decades. Acting like Stewart did anything wrong by improving his property and then getting out while the getting was good is just plain dumb.

Here are some things that perhaps seem obvious to some of us, but which I have not seen explained to the clown shoes chorus:

Allen Weisselberg is in prison because as an officer of the Trump org, he had a fiduciary duty to represent the financials of the company accurately and he didn't. He lied, and then even after he made a deal in exchange for testimony, he lied again.

I wouldn't expect any particular bank to do this but it's totally plausible that if financial documents created by an officer of the company formed the basis for a loan application, they might be taken for granted to be true by the lender. Especially if there were a prior relationship on the individual level.

So, Trump lied and cheated on a b2b level. Stewart made a good profit on a savvy investment. During the debates in 2016 Trump himself would have called that smart lol

Hard to believe people are still pretending this is some sort of gotcha on Stewart

 

[AWilder]

It’s so obvious you have no idea what your talking about and just repeating what someone equally as retraced has told you to say.

Lmao doubling down on this one. Were you born this dumb or do you have a history of brain damage? All that Tucker Carlson and Tim Pool has rotted your brain.

 

[MicroBrew]

Every single time a Biden does something dumb, 100 posters in here go "What about Trump", so be fair about whatboutisms. Stewart said what Trump did was not a victimless crime because of the fact that other people would not get loans. Well, when he sells a property that is valued at 1.8 for 17.5, the same thing happens. When he pays taxes on 1.8, and sells for 17.5, something is rotten. Just admit that, and at least you aren't a hypocrit. By the way, I think it's all bullshit and is a waste of our cities time. Anyone in the business will tell you that this is only happening bc of who she is going after.

Stewart did not come up with the assessed value - the assessor did (who works for the Dept. of Taxation and Finance) . So Stewart did not engage in any kind of fraud, unlike Trump.

 

[mixmastermo]

I can't believe this discussion is still going.

This thread is proof no one ever really changes their minds here. I'm going to check out for a while..

 

[Jack V Savage]

Do you not see the absurdity of that?

Of charging someone with fraud? No. I think it's good. I don't agree that politicians should get away with stuff that no one else would. Justice should apply equally.

I see that every single day in the Auto and real estate business. EVERYONE does it. People need to get rates for car loans based on income, they add income EVERY day.

We're not talking about rounding income up or something. Trump claimed hundreds of millions of dollars of assets he didn't have.

The F&I people do it too. No one is ever arrested and charged over it. Stewart paid taxes on a property that MUST have been severly undervalued.....No home sells for 8x what it is truly worth without something fishy going on. You can admit that right? No tax assesor will be that far off.

First, this has been addressed in the thread. He bought low, improved the property, and sold high. There's nothing fraudulent even alleged. It's just a desperate attempt to change the subject after Trump got busted committing serious crimes.

 

[Darkballs]

Do you not see the absurdity of that? I see that every single day in the Auto and real estate business. EVERYONE does it.

People do not accidentally triple the size of a piece of real estate every day, like trump did.
People do not fraudulently valuate a $30million dollar property as a $2.5 billion property based off of ignoring all zoning laws.

Cry all you want, but what Donny did was not typical or normal. It was illegal, and blatant. Now could he have maybe snuck by it if the valuation was a little bit more sensible, and not 4,000% greater than the actual property? Probably. But that doesn't give him a pass because he went full retard and valued his tacky golf course as one of the most valuable properties on earth.

 

[ocfightfan]

Stewart did not come up with the assessed value - the assessor did (who works for the Dept. of Taxation and Finance) . So Stewart did not engage in any kind of fraud, unlike Trump.

This is complete bullshit. The assessed value is for taxation purposes. It's not the same thing as what he sells it for.

And what fraud? The bank did it's own due diligence and loaned Trump the money according to that. Trump then paid it back, plus the interest they wanted, according to their payment plan. They even said in court they would happily do business with him again. Unlike the Stewart case no one lost money.

 

[Jack V Savage]

And what fraud? The bank did it's own due diligence and loaned Trump the money according to that.

Was there like a memo or something? A lot of people are making that argument, but it's obviously ridiculous. Any fraudster can make the same claim. "Look, your nana should have known the returns I was promising were impossible so why is this a crime?"

 

[MicroBrew]

This is complete bullshit. The assessed value is for taxation purposes. It's not the same thing as what he sells it for.

And what fraud? The bank did it's own due diligence and loaned Trump the money according to that. Trump then paid it back, plus the interest they wanted, according to their payment plan. They even said in court they would happily do business with him again. Unlike the Stewart case no one lost money.

The rightwing criticism of Stewart is that his assessed value is way below his sale price. How is this evidence of fraud by Stewart?

Just because the Bank was ok with it doesn't mean it wasn't fraud. Since they got paid they wanted to keep doing business so they kept their mouth shut. Especially so since he became President because they don't want repercussions.

Who lost money in the Stewart case? If you say the tax payer then that isn't because of anything Stewart did, it was the City and State's assessor who valued the property for tax purposes.


If you buy a used car and the salesman says it works fine (when it doesn't) or omits to tell you what he knows to be wrong with it, don't you think that is fraud? Are you one of those guys who thinks the buyer has no recourse because they should have had the car checked out by a mechanic? People routinely buy stuff based on the claims and information provided by the seller. If the seller lied then it is fraud. I have sold stuff on Ebay and always provided an honest accurate description. Do you think it's ok for me to sell something I know is faulty and neglect to mention it and then blame the buyer for not doing their due diligence?

 

[Satsui Ryu]

This is complete bullshit. The assessed value is for taxation purposes. It's not the same thing as what he sells it for.

And what fraud? The bank did it's own due diligence and loaned Trump the money according to that. Trump then paid it back, plus the interest they wanted, according to their payment plan. They even said in court they would happily do business with him again. Unlike the Stewart case no one lost momoney.

Outcome for the bank doesn't really matter as the crime occurred the moment Trump handed in his paperwork with fraudulent information. The bank said nothing happened here, but we have seen firsthand what happens when loans are made on a grand scale with bad information. That is why there are regulations regarding due dilligence for the banks and laws requiring people to be honest on their loan applications.

In the case of the bank saying everything was on the up and up, wouldn't be surprised if they knew what was going on but since Trump was a high profile client they let it slide due to preferential treatment. And they told the courts everything was all good probably to cover their own ass.

 

[Jack V Savage]

The rightwing criticism of Stewart is that his assessed value is way below his sale price. How is this evidence of fraud by Stewart?

Just because the Bank was ok with it doesn't mean it wasn't fraud. Since they got paid they wanted to keep doing business so they kept their mouth shut. Especially so since he became President because they don't want repercussions.

Who lost money in the Stewart case? If you say the tax payer then that isn't because of anything Stewart did, it was the City and State's assessor who valued the property for tax purposes.


If you buy a used car and the salesman says it works fine (when it doesn't) or omits to tell you what he knows to be wrong with it, don't you think that is fraud? Are you one of those guys who thinks the buyer has no recourse because they should have had the car checked out by a mechanic? People routinely buy stuff based on the claims and information provided by the seller. If the seller lied then it is fraud. I have sold stuff on Ebay and always provided an honest accurate description. Do you think it's ok for me to sell something I know is faulty and neglect to mention it and then blame the buyer for not doing their due diligence?

This an underrated aspect of the whole thing. Our economy runs on trust to a large extent. A lot of other countries don't have that same level--between contractors, vendors, customers, etc.--and it imposes huge costs, effectively keeping their economies from getting out of first gear. Throughout his career, in a wide variety of ways, Trump has abused that trust in ways that undermine the fabric of society (made much worse by the extremely high profile he has as a presidential candidate). And when trust fails, courts step in, and he's actively at work undermining that too (and also fostering distrust in law).

 

[nostradumbass]

It is not a crime to pay back a loan. It is not a defense to mortgage fraud that you paid it back.

How are your questions related to the substance of this thread about Jon Stewert being a hypocrite for selling his house? Have you conceded the factual situations are totally different?

Correct, it's not a crime to pay back a loan.

As for Jon Stewart's hypocrisy, it's a big surprise to absolutely nobody. Hypocrisy once or twice is worth noting, but the democrats entire brand now is accusing their political opponents of what they are guilty of themselves, and at this point it's clear they're just fucking with you to see how quickly you'll twist yourself into a pretzel and try to figure out why it's (D)ifferent and defend them for doing the same thing you were just outraged over.

Trump's colluded with foreigners, oh wait, Hillary did. Trump colluded with Ukraine, oh wait that was Biden. OMG, taking classified documents is a threat to us all and is clearly worthy of life imprisonment, oh wait Biden was taking them with no declassification authority, sharing them, and was practically handing out classified documents to trick or treaters. Riots are the voice of the unheard, they're fiery but mostly peaceful, a few months later "democracy was nearly toppled by midwestern grannies with selfie sticks and a guy with a horn helmet and they should all be shot in throat or imprisoned". Trump cheated on his wife with a porn star and paid her to go away, and her brilliant lawyer Avenatti is a great legal mind who should run for president. What's that, the lady prosecuting him in Georgia was getting dicked down by a random married defense lawyer and funneled $700k in taxpayer money to him to take her on trips? OMG, Trump was paying property taxes on the tax estimator amount, but then said he could sell it for more when using it as collateral for a loan he paid back early with interest. Well shit man, Jon Stewart paying insanely low property taxes then ripping off a home buyer to line his own pockets is just how real estate work, bro.


It's not even worth pointing out your double standards anymore because that's all you have.