Deutsche Bank Destroys Letitia James' Case

Timothy Birdnow

The core of Letitia James' case against Donald Trump rests on the fantasy he overvalued his properties.

David Williams, an executive at Deutsche Bank, tore the partisan hack prosecutor's case apart.

From Dennis Michael Lynch:

An executive from Deutsche Bank, David Williams, testified during the trial on Tuesday that Trump was a client that they were eager to do business with and pushed back against claims that Trump committed fraud.

Bloomberg wrote about Williams’ testimony:

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ADeutsche Bank AGexecutive gave testimony that could bolsterDonald Trump’s defense in his civil fraud trial, telling a New York judge that prospective clients can get loans even after reporting a net worth far higher than the lender’s own calculations.

David Williams, who worked on at least one of three loans Deutsche Bank made to Trump in the years before he was elected president, testified Tuesday that it’s "atypical, but not entirely unusual” for the bank to cut a client’s stated asset value by 50% and approve a loan anyway, as it did with Trump.

Referring to allegations that Trump inflated the value of his assets, Williams said,"It’s just a difference of opinion,” as he argued that this would not disqualify someone from obtaining a loan.According to ABC News,

[...]

Vrablic explained that Deutsche Bank ultimately chose to stop doing business with Trump in 2016 – not because of any issues with his loans, but simply because of the "increased exposure” and"scrutiny” related to him being elected President of the United States.

End excerpts.

So, Trump did not overvalue his property and the bank was in no way harmed.

How did Letitia James h have standing to bring these civil charges in the first place?
But it probably won't matter as this judge has it in for Mr. Trump and will do whatever he can to drain Trump dry and make him appear to be a crook.

Time to fight fire with fire and go after these people.

Posted by: Timothy Birdnow at 09:40 AM | Comments (3) | Add Comment
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