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Debate and discussion of current events and political issues across the U.S. and throughout the World. Be forewarned -- this forum is NOT for the intellectually weak or those of you with thin skins. Don't come crying to me if you become the subject of ridicule. **Board Administrator reserves the right to revoke posting privileges based on my sole discretion**
This accounting firm is as corrupt as they come and to suggest that they are taking the high road is laughable. More than likely the feds have got Trump dead to rights and these guys don't want to go down with his organization.
I don't know who he needs to worry about more, his lenders or the feds when it is revealed he misrepresented his assets on loan applications. Banks are sharks.
Donald J. Trump’s longtime accounting firm abruptly cut ties with his family business last week amid ongoing criminal and civil investigations into whether Mr. Trump illegally inflated the value of his assets, court documents filed on Monday show.
In a letter to the Trump Organization on Feb. 9, the accounting firm notified the company of its decision and disclosed that it could no longer stand behind annual financial statements it prepared for Mr. Trump. The firm, Mazars USA, compiled the financial statements based on information the former president and his company provided.
The letter instructed the Trump Organization to essentially retract the documents, known as statements of financial condition, from 2011 to 2020. In the letter, Mazars noted that the firm had not “as a whole” found material discrepancies between the information the Trump Organization provided and the actual value of Mr. Trump’s assets. But given what it called “the totality of circumstances,” the letter directed the Trump Organization to notify anyone who received the statements that they should no longer rely on them.
The statements, which Mr. Trump used to secure loans, are at the center of the two law enforcement investigations into the former president and his company. The Manhattan district attorney’s office and the office of the New York attorney general, Letitia James, have been investigating whether Mr. Trump used the statements to defraud his lenders into providing him the best possible loan terms.
For Kristian Trumpers are not serving our Lord Christ, but their own appetites. By smooth talk and flattery they deceive the minds of naive people.
-Romans 16:18
This is a H*** deal. If his company is cut off from banks and financiers he might as well pack it in. Neither banks or accountants have much tolerance with a client whose financial statements are suspect. Like the old saying goes, if you fudge the books for a couple hundred bucks it's your problem, if you fudge the books for millions it's the banks problem. You can bet floors of accountants at any financial institution he's done business with are pouring over documents even as we speak trying to determine if they've been burned.
I wonder what kind of exposure or liability Ivanka, Don Jr. and idiot Eric have considering Mazars statement pertained to the business (of which they are principals) rather than the man himself? In any event, he can laugh off government investigations but if you're a real estate developer and the banks won't touch you, that's a solid kick in the nutsack.
Lester The Nightfly wrote: ↑Mon Feb 14, 2022 5:56 pm
This is a H*** deal. If his company is cut off from banks and financiers he might as well pack it in.
He's been bankrupt before. It's his way of doing business. Gets him out of his obligations to his creditors and his employees.
Lester The Nightfly wrote: ↑Mon Feb 14, 2022 5:56 pm
This is a H*** deal. If his company is cut off from banks and financiers he might as well pack it in.
He's been bankrupt before. It's his way of doing business. Gets him out of his obligations to his creditors and his employees.
Yeah, there's that. As soon as one bank calls in its loan, others will quickly follow. Should that happen The Trump Organization will be no more and he'll file bankruptcy #7. It won't take any longer than 24 hours. *poof*
Matt wrote: ↑Tue Feb 15, 2022 6:45 am
No thread about the rats being identified in the Durham investigation?
Why should the buzzboard be any different than the majority of the media outlets?
New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.
Matt wrote: ↑Tue Feb 15, 2022 6:45 am
No thread about the rats being identified in the Durham investigation?
Why don't you start one?
They're are "rats" on all sides. Why do we need multiple threads?
There are rats and there are rats
Rats, Damned Rats and MSNBC anchors.
New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.
This is a non starter. My favorite quote so far.. (emphasis added)
Most important, contrary to the reporting, the filing never said the White House data that came under scrutiny was from the Trump era. ... the data ... came from Barack Obama’s presidency.
This is a non starter. My favorite quote so far.. (emphasis added)
Most important, contrary to the reporting, the filing never said the White House data that came under scrutiny was from the Trump era. ... the data ... came from Barack Obama’s presidency.
Nothing to see here, fellas. Move on
That is the most slanted, cover our ass reporting I've witnessed.
New York and Chicago were all in with respect to their sanctuary status — until they were hit with the challenge of actually providing sanctuary. In other words, typical liberal hypocrisy.
Well Bryce, you do live with your head up the GOP's ass so I imagine you don't witness much.
For Kristian Trumpers are not serving our Lord Christ, but their own appetites. By smooth talk and flattery they deceive the minds of naive people.
-Romans 16:18
