Thursday, March 28, 2024

WILL THE DEMOCART PARTY'S LAWFARE GO AFTER JON STEWART? BANKRUPT HIM? PUT HIM IN PRISON? IS BEHEADING ON THE TABLE??? - Fact Check: Jon Stewart Falsely Claims Loans to Trump Meant Fewer Loans To Other People

 

Attorney General Garland promises election lawfare

Who can forget October of 2020, when Joe Biden committed a gaffe? He certainly does that more or less constantly, but this one was a classic, because a gaffe is properly defined as what happens when a politician accidently tells the truth:


It certainly worked for Biden in 2020, and his Attorney General, Merrick Garland, arguably the most corrupt and weaponized in history—that’s saying something with Obama’s  “wingman,” Eric Holder in the running—is working hard to keep that organization up and running:


Fact Check: Jon Stewart Falsely Claims Loans to Trump Meant Fewer Loans To Other People

Comedian and activist Jon Stewart stands on the North Lawn of the White House in between m
Chip Somodevilla/Getty Images

Claim: Comedian Jon Stewart said this week that the loans at the center of the civil real-estate case against Donald Trump meant there were fewer loans available to other borrowers.

“Money isn’t infinite. A loan that goes to the liar doesn’t go to someone who’s giving a more honest evaluation. So the system becomes incentivized for corruption,” Stewart said.

Verdict: False.

The amount of money available for loans from banks is not diminished when banks make loans to other customers, except in the rare case of a distressed bank that is capital-constrained. A loan to one customer does not subtract from a fixed pool of loans available to the other customers of the bank.

Stewart’s comments reflect a misconception of a bank as a kind of money vault where taking some money out to lend leaves less money out for other loans.

In fact, bank loans create deposits. Those loans must be backed by capital in accordance with regulatory requirements but well-capitalized banks never run short of capital to make new loans. The deposits must be backed by reserves, which can be borrowed from other banks if they run short.

When a bank makes a loan to Donald Trump, this does not leave less for loans to other customers. Money is not infinite but bank loans do not diminish the amounts available for other bank loans.


Jon Stewart railed against Trump for allegedly ‘overvaluing’ his property, turns out he is just as guilty

Where is Letitia James when you actually need her, because the internet sleuths have uncovered an alleged crime, and it’s serious — in fact, if the precedent stands, it’s an offense so serious that it deserves a fine of almost half a billion dollars, and potential property seizures.

According to a report published today at the New York Post:

Jon Stewart found to have overvalued his NYC home by 829% after slamming Trump’s civil case as ‘not victimless’

Jon Stewart is facing online backlash after the comedian opined on air this week that Donald Trump’s civil real estate case overvaluing his properties was ‘not victimless’ — when it turns out the price of a previous home sale finds Stewart doing the exact same thing, The Post has learned.

Well, well, well… imagine that.

I have never been into the “comedy” skit late-night television programs because I’ve just never found those people funny, but of course my distaste for them grew the more ignorant and vocally left they became—so watching Stewart be made into an absolute clown, by his own hand, because he’s too dumb or unaware to realize he’s walking into the snare he set? That’s a chef’s kiss.

Per the same Post item, Stewart launched into a monologue on Monday night to lambast Shark Tank’s Kevin O’Leary for seemingly rationalizing and justifying Trump’s New York real estate deals (the ones under Peekaboo James’s scrutiny) and prowess. From the article:

On Monday night, Stewart, 61, unpacked Trump’s $454 million appeal bond, calling out experts framing the former president’s New York civil case as not causing direct harm to any one individual.

In response, Stewart asked: “How is he [O’Leary] not this mad about overvaluations in the real world?’

‘Because they are not victimless crimes,’ he [Stewart] said.

Stewart also contended that failing to declare a higher market value on a property, while paying taxes based on a lower assessed value, constitutes fraudulent behavior.

‘The Attorney General of New York knew that Trump’s property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties,’ Stewart added. ‘It was all part of a very specific real estate practice known as lying.’

Huh, is that so? Well funny he should say that, because as internet detectives have apparently uncovered, Stewart is just as guilty of overvaluing properties: “In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier Parag Pande for $17.5 million.” Now, according to documents from the assessor’s office and obtained by Post journalists, “the property was market-valued at only $1.882 million. The actual assessor valuation was even lower, at $847,174.” Furthermore:

Records also show that Stewart paid significantly lower property taxes, which were calculated based on that market value price — precisely what he called out Trump for doing in his Monday monologue.

Pande, who purchased the penthouse from Stewart, then resold the property at a nearly 26% loss than what he initially paid for it, according to the Real Deal — at just over $13 million — in 2021.

As Stewart coined, actions like this apparently aren’t victimless—by how many millions of dollars did Stewart avoid paying his “fair share”? What about Pande? Poor Pande! Sounds like he got scammed by “a very specific real estate practice known as lying [emphasis added].” He bought a high-end luxury property he must have thought was worth more, because after 7 years, he lost around four and a half million dollars in the deal; he got duped, right?

Or… is it possible that property is worth what someone is willing to pay for it in a free market, and the word “estimates” means exactly what the word means, and banks and mortgage companies do their own due diligence (apart from any property owner valuations) when considering real estate deals of which these businesses may want to be part?

Hasn’t Stewart ever heard the old saying about throwing stones in glass houses? Apparently not, which is just as well, because I love schadenfreude.

Sgt. 1st Class Jim Greenhill, Public domain, via Wikimedia Commons

Meanwhile, as N.Y. attorney general Letitia James tries desperately to bankrupt $6.5 billion man Donald Trump, Obama has already hauled in $15 million in grassroots money. 

DON'T BUY INTO THIS POL-LAWYER DRIVEN CRAP!

THE CA STATE BAR EXITS ONLY TO PROTECT THE PARASITE PIG LAWYERS. THE BAR OPERATESS IN COLLUSION WITH THE CA JUDICIAL TO PROTECT THE PIG LAWYERS!

THIS GIG WOULD NEVER HAPPENED IF  EASTMAN HAD BEEN A  GAMER LAWYER FOR PIG LYING LAWYER JOE BIDEN!!!!

WE ONLY HAVE TO LOOK AT THE JUDICIAL CRIMES MERRICK GARLAND AND ERIC HOLDER PERPETRATED WITH IMPUNITY. NEVER A WORD THAT THESE SHITBAGS SHOULD HAVE BEEN DISBARRED!


IF THERE ARE TWO MEN WHO CONSTITUTE THE GREATEST THREAT TO DEMOCRACY IT WOULD BE DIVISIONIST SOCIOPATH LAWYER BARACK OBAMA AND HIS SIDE KICK LAWYER ERIC HOLDER. 

 

The office thing might have been improper, but at this point, who cares? More at issue is the extraordinary run Holder just completed as one of history’s great double agents. For six years, while brilliantly disguised as the attorney general of the United States, he was actually working deep undercover, DiCaprio in The Departed-styleas the best defense lawyer Wall Street ever had.

ERIC HOLDER HAS long insisted that he tried really hard when he was attorney general to make criminal cases against big banks in the wake of the 2007 financial crisis. His excuse, which he made again just last month, was that Justice Department prosecutors didn’t have enough evidence to bring charges.

Many critics have long suspected that was bullshit, and that Holder, for a combination of political, self-serving, and craven reasons, held his department back.

A new, thoroughly-documented report from the House Financial Services Committee supports that theory. It recounts how career prosecutors in 2012 wanted to criminally charge the global bank HSBC for facilitating money laundering for Mexican drug lords and terrorist groups. But Holder said no.

ERIC HOLDER’S LONGTIME EXCUSE FOR NOT PROSECUTING BANKS JUST CRASHED AND BURNED

New evidence supports critique that Holder, for a combination of political, self-serving, and craven reasons, held his department back from prosecuting big banks.

IT'S ALL PART OF THE DEMOCRAT PARTY OF PARASITE LAWYERS' LAWFARE ON POLITICAL OPPENENTS.


It certainly worked for Biden in 2020, and his Attorney General, Merrick Garland, arguably the most corrupt and weaponized in history—that’s saying something with Obama’s  “wingman,” Eric Holder in the running—is working hard to keep that organization up and running:


ALL LAWYERS ARE LIARS, CHEATS AND GAMERS OF THE LAW. THEY ARE A PROTECTED CRIMINAL CLASS.

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