The New York trial judge overseeing Donald Trump’s civil fraud trial wrote a scathing denial of the former president’s latest attempt to toss the state attorney general’s case against him — potentially a preview of a tough outcome for Trump as the trial process winds down.
holy-o-fuck this guy has balls!
“Bartov is a tenured professor, but all that his testimony proves is that for a million or so dollars, some experts will say whatever you want them to say,” Engoron wrote. “By doggedly attempting to justify every misstatement, Professor Bartov lost all credibility.”
this is called “opportunity loss” or “opportunity cost”? even if the banks made millions, they could havve done better with the money elswehere, and if not the banks, the shareholders oof the banks who are deprived of their possible profits bifgger.
“If you pay a lower interest rate on a loan by overstating the value of any of your assets, thus lowering the perceived risk to the lender, your gains are ill-gotten,” Engoron said. “That the instant lenders made millions of dollars and were happy with the transactions does not mean that they were not damaged by lending at lower interest rates than they otherwise would have.”
