Cillizza breaks down values of Trump’s New York properties

CNN's Chris Cillizza takes a look at how much former President Donald Trump claimed his properties were worth and compares the numbers to their appraisal value. #CNN #News

89 comments

  1. “My political ideal is democracy. Let every person be respected as an individual and no person be idolized.” -Dr. Albert Einstein, 1930

    1. @What Has Become of Us Actually he did…so maybe do a little research before spewing childish name calling. Any 5th grader can help you use google.

    2. @What Has Become of Us Lol, you think a Russian troll is extolling the virtues of democracy. That’s like a riddle wrapped in a conundrum wrapped in a conspiracy theory.

    1. Trumps MAGAT brown shirts

      It was a coincidence that the German population in 1939 was 95% white Christian.

      Hitler was just a product of his hate ridden environment.

    2. @Zepparella Dakunish antifa is an organization founded in 1934 Germany. Their members where known as Stalinist and their goal was and still is to undermine the west. It’s not an idea when they have a headquarters.

    3. @Seymour Butts We are not threatening anyone. MAGA does not burn down cities and murder the innocent for their political views like nazi leftards. “FIGHT back at the MAGA Republicans” is what Biden said. That is a call to violence.

  2. Remember, his supporters gave their dear leader $250 million dollars no question ask. Meanwhile they talk about not able to put food on the table for their family. Amazing.

    1. Leftitia Art of the Steal is obviously in progress as we speak. Brazen ain’t they. Talking about themselves while always pointing fingers at everyone else.

    2. Leftitia Art of the Steal is obviously in progress as we speak. Brazen ain’t they. Talking about themselves while always pointing fingers at everyone else.

    3. Leftitia Art of the Steel is obviously in progress as we speak. Brazen ain’t they. Talking about themselves while always pointing fingers at everyone else.

    4. When you Elect Immoral filth Trash to Represent the AG position what do they do. They try to steel from whom they please and label such as being a work of art.

    1. @Donald Thorpe 👈 *BONESPURS RELEASED THE KRAKEN INTO THIS ONE’S MOUTH. 🌭💋🍊 BONESPURS STILL LOST AGAIN!!!!* 😀😁😂🤣😃😄😅😆😉😊😋😜😝🤑😲🤤😬

    2. @Donald Thorpe 🦴BONEZPURZ🦴, 🦴BONEZPURZ🦴 whatcha gonna do?
      Whatcha gonna do when they come for you?
      🦴BONEZPURZ🦴, 🦴BONEZPURZZ🦴 whatcha gonna do?
      Whatcha gonna do when they come for you?

    3. @Donald Thorpe *DID 🦴BONEZPURZ🦴 SPECIAL MASTER PEE 🌭🍊👄 ON HIM? 🦴BONEZPURZ🦴 LOST AGAIN!!* 😜🥰😛😂😍😝🤣🤗😘😝

    4. @Shane Best Trump and Fox News have had this laptop since Trump was in office. If there was something to see there I’m certain it would have been revealed by now. Oh I forgot. The Deep State.

    1. This is totally more important than illegal immigrants being found dead in semi trucks or children being used as immigration tokens then left for dead in our deserts. Leftism is brain AIDs and TDS is the symptom.

    2. @Sam Onigbinde so you pay more tax because Trump paid $750 or nothing on his billions. How does that not affect you directly?

    3. @Dogs Rule Maybe you want me to educate on a money bags inflate almost everything as a result of their absolute power which affect the prices consumers pay for product and services? I will be ready to do that for you? Also, if you are not disgusted about people who shout LAW and ORDER at every opportunity and can’t hold up their end of the bargain STOCKHOLM SYNDROME is occurring somewhere. Worship no d*ckhead

    1. @Ocean Breeze “Someone’s getting kickbacks?.” Bribe an accounting firm to sign bogus financial statements. Take financial statements to a loan officer at bank and bribe that person. The bogus fin statements have numbers that will pass the algorithm the loan officer has to run to get approval for the loan. Buy more real estate and repeat. You can take a 100 million building, sell it to a friend for 150 million, then buy it back for 200 million. Bank says he made 50m the first time, we will loan him 200m this time. You would most likely sell bldg A and buy bldg B, but you get the idea. Only time there is a problem is when the real estate bubble explodes, then you declare bankruptcy and screw the taxpayer and investors. Barr would not allow IQ45 to be prosecuted while in office. It took NYAG 3 years to get the info for the case. Then there is the ” tax” books, vs the “loans” books, which is legalish depending on how hard you fudge the “loan” books. There are worse scams that are legal.

    2. @Special People nobody has been accused of bribery. Yes when values drop (see 2008) the values can drop so far that the loan is “underwater “. The investors take a haircut. The government always gets theirs. FYI the NYAG was elected on the promise to “get trump”. This is what she come up with 5 weeks before the election

    3. Nobody noticed the only ‘Thief’ in this “Art of the Steal” is the AG herself since their is literally nobody whom suffered any financial loses due to her claims that Trump property wasn’t worth as much as his paid Financial Evaluators claimed?

  3. The key question is what did the banks that agreed to the inflated valuations get out of the fraudulent deals? Follow the money…….

    1. Well…they did not Banks or leading institutions don’t take your word for it they take an apprised value while you might provide as estimate value they always have some type of estimated actual value before they loan out the money. Check the date, this is about the election 5 weeks away…

    2. @Ocean Breeze Just like Obamacare that goes through every insurance agency and corrupt hand before the patient.

    3. @Dogsoldier 1950 Actually it was the Federal Govt forcing the banks to make sub prime loans. See also the student debt crisis, another example of the Fed Govt getting involved in deciding who should get loans.

  4. All of what’s described in this clip is outrageously inflated valuations to acquire loans. That’s bad enough. What are claimed valuations with regard to taxation? How much wildly undervalued are property values when it came time to paying taxes. Also, how far back does this go? It’s my understanding that this was standard practice by Fred Trump going back at least to the 1940’s and 50’s. I highly doubt this practice started only 10 years ago. I wouldn’t be surprised if he has been doing this for decades.

    1. I would be surprised of a lefty could talk in verifiable facts instead of imaginary hypocritical scenarios.

    2. The taxable values are set by the state not the property owners. These values are set by a formula set by state rule again not by the owners of the property. Typically its 1-2% of the tax assessment but the state likes to fiddle with the formula to raise taxes. Again what the owners thinks the property is worth is completely immaterial

    3. @Dogsoldier 1950 the Dems are just evil. Hunter raped Asian children. Has photos of it. I’ve seen them. And emails detailed his corruption and selling of the office of the VP. But democrats never care
      They hate America.

    1. Sure, Trump lost 6 billion of his wealth from 2015 to 2020. Look it up. Would you rather have a president accept millions in bribes from both Russia and China as Biden did?

    1. Because the left can not produce INCRIMINATING evidence. The big mac receipts the left is so proud of as evidence… is not evidence.

    2. My guess is he also spends money on gathering dirt on people… There’s a lot of loyalty and obedience when the skeletons in the closet are found out. Epstein island had some to do with that but for every pedo freak with an island richer than most everybody there probably 10 more with a penthouse or club.

    1. Let me try to explain this in a way that everyone understands
      Every politician dose this on both sides, both parties
      If you believe otherwise your a fool
      Didn’t any of you wonder how a politician goes into office and becomes a multimillionaire in just a few short years. Liz Cheney’s net worth hit north of $6,000,000 on a $174,000 annul congressional salary
      Nancy Palosi net worth north of 100 million with an annual declared salary of $202,000 and lives in a give million dollar vineyard estate
      If your not inside, your outside
      Term limits people is the only way to stop it

    2. @Krusty it’s been the beginning for 6 years already there is no show
      Kristi you do notice that it’s a lawsuit correct, not filed charges . Had they found criminal actions they would have filed charges correct
      It’s all political

    3. @Fortis Fortuna Adiuvat Yes, our lazy Justice system moves like a slug.. YEARS later.. It’s beginning .. and NY AG did forward criminal referrals, which include tax evasion .. grab your popcorn, intermission ends soon. This is nothing like Russia-gate or Quid-pro-quo.. which was all vague .. now ya got hard evidence of filed taxes… and stolen top secret documents at Mar-A-Lardo … he will be indicted for these, the evidence is there. (evidence of obstruction was there for Russia-gate but Barr appointed by Trump, refused to charge Trump).

    1. …and she went to Georgetown and is engaged to a billionaire heir and business executive. She definitely made some smart choices by staying out of the family business 😉

    1. @Duckhunt1 This is not true. If you say you have a property worth 1 million, then you have a net worth of at least 1 million. That’s income. Bankers ask about the value of your assets because if you default, they put a lien on the other property, or the person can sell and liquidate. But if that same property is worth 250k, and you were given a 1 million dollar loan based on your “claimed assets” and you default on the 1 mill loan, how the bank gonna get they money back? Again. Bank fraud. It’s lying about income, it’s lying about assets. And you know Trump lies about income because he says he’s worth billions upon billions—but it’s all a lie based on inflated income and assets.

    2. @LISA GARDNER “If you say you have a property worth 1 million, then you have a net worth of at least 1 million. That’s income.”
      Ah, no Lisa, that’s called an asset.

    3. @LISA GARDNER he can say the property is worth whatever he wants and tell the bank it makes whatever amount of money. It’s up to the bank to verify all of the information. Income is verified via tax returns and asset value via appraisal. There’s nothing illegal about him over inflating the value of his properties. I deal with this everyday. The value of your assets on a balance sheet are based on opinion.

      There’s another segment on this channel where they’re talking with an attorney about this issue. He says the same thing I’m saying. This lawsuit is frivolous and means nothing.

    4. @Duckhunt1 No matter if you see if everyday, it’s a crime everyday. That’s why that couple from that show “Housewives of New Jersey” went to jail. Mortgage bank fraud. And, in commercial mortgage, You can get a “No Doc Loan”, where it’s stated income, AND most commercial lenders will just take a BPO in lieu of appraisal. You sure you work in banking? Because this is just common knowledge.

  5. I always enjoy listening to Chris’ analysis. His visual was clear to understand the huge differences of Trump overstating his RE values and scamming banks, insurance companies, and on his taxes.
    Yahoo! I have hope that Trump be held accountable for his recurring crimes.

  6. Many years ago on the Howard Stern Show, Tweety publicly explained how he would grossly inflate the values of his properties in order to secure huge loans, then default on the loans and tell the banks to foreclose on the properties, which they soon found out were basically worthless. Tweety either didn’t know or didn’t care that this was illegal.

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