Sunday, December 4, 2022

Trump Household Lawsuit Flunks Banking 101

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Relating to your editorial “Letitia James vs. the Trump Household” (Sept. 23): I wouldn’t thoughts seeing former President Donald Trump handed his comeuppance, however this lawsuit merely is unnecessary. Why is Letitia James, New York’s legal professional basic, suing? As a result of non-public bankers and insurers have been duped?

Any mortgage or insurance coverage contract has loads of third-party evaluation. No financial institution makes a real-estate mortgage price hundreds of thousands of {dollars} based mostly on a valuation acknowledged by a borrower. It’s possible you’ll be mates together with your bankers, but when they misplaced cash due to your monetary misrepresentations, they’d come after you in a second. They wouldn’t want an legal professional basic’s assist. This borders on frivolous.

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