Kushner loans story will bring the whole Trump enterprise down faster than anything else

[grantcart]

Detailed and accurate stories about Kushner meeting with business people on policy issues and piggy backing $ 500 million in loans in the White House is going to have devastating impact on the whole Trump enterprise that will cause almost instant pressure on the Trump/Kushner enterprises which have nothing to do with either the political or legal quicksand that he is in.

If you remember back to the Trump-Clinton debates there was an instance when Secretary Clinton listed 5 different problems with Trump going to the White House and one of them was that he was way over leveraged and in financial trouble. When Trump had the opportunity to respond he repeated five times "I am not over leveraged, I am not over leveraged, I am not overleveraged". As everyone now knows Trump has an obvious tell and that is when he is really worried about the truth of a charge against him he will state the opposite and repeat; "I am very smart, I am very smart, I am very smart" or "no collusion, no collusion, no collusion".

So we know that he has a massive liquidity or cash flow problem.

We have known this for some time when we learned that Eric said, we don't need American loans we get all we need from Russia, or the fact that the Deutsche Bank is their main lender. They can't get lower interest loans from American banks.

The reporting on these loans isn't going to just cause problems for Trump/Kushner it is going to bring glaring spotlight on to the bankers. Bankers don't like spotlights. They don't like grand juries.

The New York Attorney General will probably beat Mueller on getting the bankers before a grand jury.

Here is the immediate problem that Kushner/Trump will now face:

There isn't a US banker that will be the least bit interested in talking with them now with this level of scrutiny. The good ethical bankers wont be interested in these corrupt personalities and the bad bankers will absolutely not come forward because they won't want subpoenas that will force them to open their books and create additional exposure.

It is widely reported that Kushner is upside down on the 666 W 5th Ave property and has an immediate payment of $ 1.2 billion that needs to be paid.

The collapse of Trump/Kushner financial liquidity will strike into the heart of their operations much faster than the political or legal machines that are marching against him.

And that is why Sessions and Rosenstein are sporting such wide grins tonight:

[Beakybird]

1. What is the state crime of getting a loan?

Even if there's clear quid pro quo, isn't it a federal issue?

[grantcart]

2. Falsifying loan documents, bank fraud.

This was the latest layer of charges put on Manafort.

New York has excellent financial crimes section as a part of their AG office.

[InAbLuEsTaTe]

18. Yes indeed! Bigly!!

[NewJeffCT]

23. Having worked for a large corporation

that does business in every state, New York has a lot more regulation and financial requirements than other states. From an insurance perspective, you could put together a financial document that was several hundred pages long filled with all sorts of financial statements and schedules and that would be good for 49 of the 50 states. And, then for New York, you would submit that document, and then another additional document that was also several hundred pages long just for New York. I'm sure banking has similar additional requirements on top of what is standard for everybody.

[grantcart]

3. here is an example

New York Attorney General Eric Schneiderman charged Dean Galasso, 49, a New York City landlord with multiple properties in Manhattan and Queens, after discovering he allegedly tried to fraudulently obtain a multi-million-dollar mortgage to finance the purchase of a rental building.

https://www.housingwire.com/articles/39797-ny-ag-charges-landlord-for-5-million-mortgage-fraud-scheme

We know that the loans will be classified as "non conforming" when the true facts are in because they couldn't get a normal loan. At some point they had to misrepresent the worth of the assets or the cash flow.

[pnwmom]

7. If it's a bank that NY has jurisdiction over, then NY can prosecute using

its own excellent financial crimes laws.

They have jurisdiction over Deutsche because the US headquarters is in NY, and the other banks are state banks, chartered in New York.

[syringis]

11. Hello Pnwmom

I'm not sure it would be a smart move at this stage.

there is probably many interactions with other investigations Mueller is conducting.

Even if technically, NY can prosecute, Trump and Kushner lawyers will use these interactions to ask for suspending the prosecution until all investigations are finished. Otherwise, it would be an unfair trial, arguing that the court has not yet all the elements to render a fair judgment.

In my opinion, such move now, will just give ammunition to the Trump team.

I hope I'm clear enough, no simple to explain a technical law point in a foreign language.

Now, saying this, I'm perhaps totally wrong. There is probably lawyers on DU who can confirm, infirm or explain better than me.

[pnwmom]

12. What you say makes sense.

I'm happy that NY is taking these steps, but -- assuming they find something criminal -- a NY prosecution is unlikely to happen anytime soon. They've just begun investigating, as far as anyone knows.

I bet that Attorney General Schneiderman of NY is working together with Mueller; the A.G. won't do anything that will interfere with Mueller's work. But it could serve as a back-up prosecution if Trump pardons Manafort.

[syringis]

13. Trump is highly unpredictable...

...and absolutely reliable to make any dumb move...

But pardoning Manafort will be the stupidest thing to do... Plus, not sure Manafort will accept the pardon. He denies the new charges of laundering money. If he accept the pardon, he will implicitly recognize being guilty...

This said, I'm convinced all in once, that they will be all toasted at the end.

[tblue37]

22. Money laundering, too. nt

[ecstatic]

4. Lock all of them up. Sessions too (after the trumps & Kush

are dealt with).

[Doodley]

5. Good analysis Grant

[BigmanPigman]

6. It will bring this part of the investigation down a little faster.

Don't forget there is a lot we do not know and the pundits said this will go into 2019. After Manafort was arrested they said that it was just "the end of the beginning". There are three parts...
1. Obstruction
2. Collusion
3. Money laundering

And each of those parts has multiple players. The money laundering will include a lot of documentation and Mueller's special attorneys know how to go after that info. There are many people involved in crimes as well as the Moron too. There is Pence (money ties with his brother and Russia, etc. ), Nunes, Ryan, and Rohrabacher. And probably many more.

There is the collusion and obstruction which will be proven by testimony and cross interrogating that includes a zillion different people (like Ryan, McConnell, Nunes, etc.) too. Since Mueller and his team is working on perhaps the biggest political and national crime of the past 100 years he will do nothing to rush making this an iron clad case.

[OhNo-Really]

8. or sooner, with overwhelming evidence.

[NBachers]

9. Their liquidity can vanish in an instant- and it'll all come tumbling down.

[trueblue2007]

10. la la la la la ......He went to Jared to learn how to be a Crook !!!!

throw Jared in jail now please.

[JI7]

16. he was a crook before Jared

and he is part of all the crap that jared is doing .

[Cha]

14. KICK!

[sunonmars]

15. It would look like the DOJ has had enough. Maybe they now realise Trump has to go.

[UCmeNdc]

17. Corruption!

[JustABozoOnThisBus]

19. Can't he just declare bankruptcy? Then the slate is wiped clean, all forgiven.

Well, except for those pesky Russian mobsters. They don't understand this "bankruptcy" reset thing.

[LAS14]

20. Given recent history, how can you think that ANYTHING will cause Repubs to turn on Trump? nt

[grantcart]

21. I don't. Liquidity not political. They are going to run out of cash.

[lagomorph777]

24. Donald Turd seemed to think that hiding his tax returns would magically protect him.

He apparently never thought that Federal investigators could access his Federal tax returns.

Put those together with those of Javanka, Turd Jr, and the rest of the Turd Organization, along with the massive global financial monitoring system assembled after 9/11, and you have a big problem in Turdville.