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

[Andy Capp]

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.

And yet again, username totally checks out. What did Stewart do that is hypocritical, exactly?

 

[kflo]

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.

Lol.

Again, some of you are trying to pretend the paperwork for loans / debt are meaningless because the banks do their own due diligence. You pretend fraud isn’t really possible because the bank does diligence. It’s nonsense.

It’s also nonsense to try and pretend just because a loan gets paid back there wasn’t fraud, or even loss. Investors / banks provide loans with terms based on the credit quality and collateral of the borrower. The worse credit, the worse the collateral, the worse the terms for the borrower (if they are even qualified to get the loan). If you intentionally massively deceive to get favorable rates relative to your actual credit / collateral you are indeed defrauding the lender out of money. Irrespective of whether you pay the loan back. The deception is to get the loan, and at favorable rates, relative to their actual risk of default.

Again, you guys carry water for the fuckin guy who mocks you and counts on you being a mark for him.

 

[nostradumbass]

And yet again, username totally checks out. What did Stewart do that is hypocritical, exactly?

And your total lack of standards on display yet again. You're a much better cheerleader than participant, so you should probably stick to scouring every thread to "like" any post that sounds it came from your "team" instead of trying to contribute yourself.

Most sane people already recognized that tax assessed value and market value are not the same thing, and you don't lowball the market value when selling it or using it as collateral on a construction loan. You either negotiate with the buyer in Stewart's case, or with the bank in Trump's case, and the actual market value is either what somebody will pay for it in Stewart's case, or what the bank agrees to in Trump's case, but instead Jon Stewart tried to pretend he's stupid to play to his audience of people like yourself, and went on a rant about how immoral it is while doing to same thing himself, only his wasn't a loan that he paid back, he just ripped off the buyer to stuff millions more dollars in his pocket.



"In the minds of the investment community, in pursuit of profit, there is no rule that cannot be bent, there is no principle that cannot be undercut, as long as you and fucking friends are making money"


Then goes and overvalues his own home by 829% to rip off the buyer and line his own pockets.

 

[Andy Capp]

And your total lack of standards on display yet again. You're a much better cheerleader than participant, so you should probably stick to scouring every thread to "like" any post that sounds it came from your "team" instead of trying to contribute yourself.

Most sane people already recognized that tax assessed value and market value are not the same thing, and you don't lowball the market value when selling it or using it as collateral on a construction loan. You either negotiate with the buyer in Stewart's case, or with the bank in Trump's case, and the actual market value is either what somebody will pay for it in Stewart's case, or what the bank agrees to in Trump's case, but instead Jon Stewart tried to pretend he's stupid to play to his audience of people like yourself, and went on a rant about how immoral it is while doing to same thing himself, only his wasn't a loan that he paid back, he just ripped off the buyer off to stuff millions more dollars in his pocket.



"In the minds of the investment community, in pursuit of profit, there is no rule that cannot be bent, there is no principle that cannot be undercut, as long as you and fucking friends are making money"


Then goes and overvalues his own home by 829% to rip off the buyer and line his own pockets.

LMAO what a total non-answer. Cope some more, dumbass.

 

[nostradumbass]

LMAO what a total non-answer. Cope some more, dumbass.

I literally quoted exactly what he said on his show and him doing exactly what he called "immoral", and your response is "that's a non-answer" because you have no standards and a low IQ, which we already knew. Best of luck on your "it's still real to me, dammit" journey when the fucking governor of the state already said it was political and you somehow demand to still be treated like an idiot for your sanctimony fix. Sad.

His other examples in the segment were "try getting a car loan by saying you make 10x what you really do, or say you make less money to qualify for food assistance. I guarantee you there are just financial repercussions, but criminal ones". You don't pay back food stamps, and like every college campus in the country has credit card kiosks set up full of kids claiming they have more money than they do to get credit cards, so let's get after those too. It's not political, it's a matter of principle and rule of law, right?

 

[Jack V Savage]

I literally quoted exactly what he said on his show and him doing exactly what he called "immoral", and your response is "that's a non-answer" because you have no standards and a low IQ, which we already knew. Best of luck on your "it's still real to me, dammit" journey when the fucking governor of the state already said it was political and you somehow demand to still be treated like an idiot for your sanctimony fix. Sad.

Bruh, you're the guy who thought Trump was busted for paying back a loan rather than for commiting fraud, and you still are embarrassingly misunderstanding Hochul's comment. Not really in position to question anyone else's intellect.

 

[iwannabeadored]

Lmfao y’all really explaining realty to a bunch of forever renters.

It’s sad lol. I always say the broke fucks from middle America who will die renters idolize a guy that wouldn’t let them wipe the shit from his shoes. Trump was born a New York elite with millions, he’ll die an elite and he conned you all into thinking you have something in common with him. Lmfao

 

[avenue94]

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.

Why is that dumb? Do you just not want property taxes adjusted ever? You are free to sell your newfound house either way.

 

[chardog]

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.

there is an exclusion for this, assuming prop 19, sorry to hear about your pops, wish more people knew to get your shit handled BEFORE death.

you can still fix this, and they'll refund you your property tax. The form is called "Claim for reassessment exclusion.... proposition 19..."

google it, fill it out and send it in. Be sure to follow up, even if you're late, I've seen people keep at it and win, they will roll you back.

 

[chardog]

Why is that dumb? Do you just not want property taxes adjusted ever? You are free to sell your newfound house either way.

is this a real question? The prop was a goddamn fraud, it was marketed for fire victims....

and guess what happens to rent prices...... it's going to go through the roof, or you have to sell it. Forcing someone out of a home is kind of a bad thing.

 

[chardog]

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.

brutha, you are simping too hard for the banks, knowing or unknowingly. They did their due diligence, they aint giving out hundreds of millions to anyone, you can give inflated values all day, everyone does, they'll do their own appraisals anyhow. You cant really draw the equivalence beyond this, Trump paid them back, no time has there ever been someone getting into trouble for an amicable business transaction.

 

[chardog]

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?

you're analogy does not work, one person did not get a proper running car, NOT an amicable transaction. In trumps case, the bank got all their interest, trump got his loan, an amicable transaction, simp harder for the banks, that's what democrats do.

 

[iwannabeadored]

Lol.

Again, some of you are trying to pretend the paperwork for loans / debt are meaningless because the banks do their own due diligence. You pretend fraud isn’t really possible because the bank does diligence. It’s nonsense.

It’s also nonsense to try and pretend just because a loan gets paid back there wasn’t fraud, or even loss. Investors / banks provide loans with terms based on the credit quality and collateral of the borrower. The worse credit, the worse the collateral, the worse the terms for the borrower (if they are even qualified to get the loan). If you intentionally massively deceive to get favorable rates relative to your actual credit / collateral you are indeed defrauding the lender out of money. Irrespective of whether you pay the loan back. The deception is to get the loan, and at favorable rates, relative to their actual risk of default.

Again, you guys carry water for the fuckin guy who mocks you and counts on you being a mark for him.

D first sensible thing I’ve ever seen you post

 

[iwannabeadored]

brutha, you are simping too hard for the banks, knowing or unknowingly. They did their due diligence, they aint giving out hundreds of millions to anyone, you can give inflated values all day, everyone does, they'll do their own appraisals anyhow. You cant really draw the equivalence beyond this, Trump paid them back, no time has there ever been someone getting into trouble for an amicable business transaction.

You can’t defraud a bank for a loan.

You cannot defraud a bank for a loan.

One more time for the people in the back.


I write loans for a living. You cannot defraud a bank to get a loan.

 

[Satsui Ryu]

brutha, you are simping too hard for the banks, knowing or unknowingly. They did their due diligence, they aint giving out hundreds of millions to anyone, you can give inflated values all day, everyone does, they'll do their own appraisals anyhow. You cant really draw the equivalence beyond this, Trump paid them back, no time has there ever been someone getting into trouble for an amicable business transaction.

Not sure you understand the definition of simping. I said the bank was probably letting stuff slide they shouldn't have and the reason there are regulations regarding due dilligence is because of banks doing sketchy stuff in the pursuit of profit. That is literally the opposite of simping.

OTOH you are essentially saying Trump should be able to whatever he wants because he is your guy. Now that is simping. Are you implying people should not have the obligation to provide truthful information when going for loans? I mean we all know how well that goes.

 

[avenue94]

is this a real question? The prop was a goddamn fraud, it was marketed for fire victims....

and guess what happens to rent prices...... it's going to go through the roof, or you have to sell it. Forcing someone out of a home is kind of a bad thing.

The change closed a glaring loophole in Prop 13, which already reduced housing supply and increased housing costs.

No one is being forced out of a home here, if your parents die, the property absolutely should be reassessed. This particular loophole was overwhelming used by wealthy families.

 

[nostradumbass]

Bruh, you're the guy who thought Trump was busted for paying back a loan rather than for commiting fraud, and you still are embarrassingly misunderstanding Hochul's comment. Not really in position to question anyone else's intellect.

Shit, I think I speak for everybody when I say that we were all wondering what side you would come down on, and as it turns out, hack sausage has ruled that the orange man is indeed bad and the democrat party maintains their flawless record of criminal justice and absolute fairness. Thanks, "bruh", I'm sure the voters will see it your way too.

 

[Snubnoze707]

there is an exclusion for this, assuming prop 19, sorry to hear about your pops, wish more people knew to get your shit handled BEFORE death.

you can still fix this, and they'll refund you your property tax. The form is called "Claim for reassessment exclusion.... proposition 19..."

google it, fill it out and send it in. Be sure to follow up, even if you're late, I've seen people keep at it and win, they will roll you back.

I'll look into it. Since the inheritance is both me and my sister (I have to pay her out on half) from my understanding we would BOTH have to move in within a year of him passing and making it our primary residence to avoid the increase. I'll dig more though.

I should have had him put me on before it went through, though. I wasn't sure that I wanted to take over the house at that time however.

 

[Snubnoze707]

Why is that dumb? Do you just not want property taxes adjusted ever? You are free to sell your newfound house either way.

It's dumb because the house is already bought and paid for, and I don't plan on selling it or renting it out. I'm taking this house over as my own. Almost every other state in the country does not do this.

 

[avenue94]

It's dumb because the house is already bought and paid for, and I don't plan on selling it or renting it out. I'm taking this house over as my own. Almost every other state in the country does not do this.

Again, this is how property taxes work and prop 13 specifically. Your dad/parents received an effective tax break/reduction as property owners, and as a new homeowner, you now have to pay for the previous owner's tax advantage.