No. of Recommendations: 7
bighairymike: Not really. Have you ever financed a home purchase without them requiring an appraisal as part of the application review process?
The bank doesn't care what you say your dream house is worth, the bank wants an independent assessment...
Gee, it's almost like you don't know what you're talking about.
Here. Here's a portion of the summary of the opinion:
The lenders required personal guarantees from Donald Trump, which were based on statements of financial condition compiled by accountants that Donald Trump engaged. The accountants created these “compilations” based on data submitted by the Trump entities. In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements. When confronted at trial with the statements, defendants’ fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences.
Wait, no, there's no "almost"... you don't know what you're talking about.
