NY AG lawyer: This shows negative cash flow for 40 Wall St. Do you agree?
Trump: That doesn't include all that was spent to bring the building up. Now it's leased up.
NY AG lawyer: So the number could be correct?
Trump: This has nothing to do, this is de minimus
Trump: She doesn't know what 40 Wall Street is worth. She doesn't even know where 40 Wall Street it. It's going to do very well in the future.
NY AG lawyer: Are you aware of the method?
Trump: I can look at buildings and tell you what they're worth.
Trump: You have to spend money to make money. It's not material. Now they says, let's take all his properties away like they do in Communist China. In this country today, a certain judge could do it.
NY AG lawyer: You're repeating yourself
NY AG lawyer: This says negative cash flow. Did you know?
Trump: It could have been, for one year. It make a lot of money now. You have extraordinary expenses. The money we borrowed is all current, paid off. Not one bank lost money.
NY AG lawyer: PX 3341, email with Donald Trump Jr., and the Wall St Journal. Is this your email address?
Trump: I don't know.
NY AG lawyer: Did you communicate with the WSJ about this?
Trump: I don't know.
NY AG lawyer: Who said it was worth $600 million?
Trump: It could have been worth more than that.
NY AG lawyer: Was there an appraisal?
Trump: 12 year ago? I don't know.
NY AG lawyer: Did you tell this to WSJ?
Trump's lawyer: Asked and answered
Judge: overruled
Judge: Five minute warning.
NY AG lawyer: Why did you have a statement of financial condition?
Trump: I can't answer that. But I think it's a positive thing to have, even for myself. But with the disclaimed clause, no one relied on it.
NY AG lawyer: Did you deal with the private wealth management group at Deutsche Bank?
Trump: Yes.
Judge Engoran. Break for lunch. Witness not to discuss this case.
Story soon on , and more on
We're back.
Judge Engoran: Proceed.
NY AG lawyer: Mr. Trump, the court officer is handing you PX 416, Deutsche Bank, term loan agreement 2012. Let's go to page 6. Is that you signature?
Trump: Yes.
NY AG lawyer: Page 105, the guaranty, did you sign it?
Trump: Yes.
NY AG lawyer: This says "in order to induce lending" - you see that?
Trump: Yes.
NY AG lawyer: Little Roman i, it says as of June 30, 2011 - do you believe it was true and accurate?
Trump: Yeah, I do.
@MamieWhiteesq
@innercitypress
Per what was posted re: Judge's ruling and NY law: Fraud that continues resets the clock on older fraud, eliminating statue of limitations at least in this civil trial. tRUmp never stopped defrauding banks. 6 times bankruptcies.
@MamieWhiteesq
@innercitypress
Yeah, as the statute requires, they’re showing he engaged in repeated or persistent fraud, which means fraud over a long period of time. A decade seems to fit that!
@MamieWhiteesq
@innercitypress
So what? If I find out you killed someone 10 years ago, it’s still a crime. These are not small crimes. Theft of more than $500 is a felony.
@MamieWhiteesq
@innercitypress
Do you need a running list of the crimes that Trump continued during that most recent 12 years as well? Or would you just continue to make excuses?