alt Hacker NewsHe got materially better rates than he would have based on lower valuations.
Banks have never given me or the other plebs the grace of fucking the risk profile of their investments to our own benefit when it’s found out.
You’re conflating the fact that it’s usually not worth the cost of investigation and enforcement in the event that the loans are paid back, with the idea that it’s not enforced in general
If the bank is stupid enough to give a loan on Donald Trump's own valuations rather than insisting on seeing the third party valuations then they have some employees that need to be fired. The criminal justice system just doesn't get involved in these matters where there are no civil damages, whether you like it or not.