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Replies: 28
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Head Coach [788]
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Kevin O'Leary
Feb 20, 2024, 10:38 PM
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I thought he was a pretty astute, commercially minded business person.
But with a complete lack of understanding of real estate finance and the mortgage markets and a disregard for law, I gotta wonder if he’s not really a business person, but more of a reality TV star seeking clicks and followers and people to sign up for his next business course.
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All-In [44054]
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Mr. Wonderful is awesome.
Feb 20, 2024, 11:16 PM
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He’s my favorite Shark for sure.
I didn’t know that he had a course, but if so, I’d buy it.
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Head Coach [788]
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Re: Mr. Wonderful is awesome.
Feb 21, 2024, 7:26 AM
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Ok, there ya go. If you value his opinion you might wanna go to his website and sign up for all of his newsletters and buy anything you can from him. It seems that’s his business model.
But keep in mind as you collect advice and information from him, he does not fully understand real estate finance (upstream downstream) and he’s happy to selectively, choose which laws and regulations should be followed.
If it was any individual other than Trump that had been charged and found guilty by the New York AG, there would be no story. That persons attorneys would file an appeal, the verdict would stand, penalty amount might be reduced, nobody would complain that this person had been convicted and penalized after breaking the law.
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Hall of Famer [24108]
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Re: Mr. Wonderful is awesome.
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Feb 21, 2024, 7:28 AM
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He wants people to go online and buy stuff from him - how dare he.
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CU Guru [1374]
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Re: Mr. Wonderful is awesome.
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Feb 22, 2024, 7:13 AM
[ in reply to Re: Mr. Wonderful is awesome. ] |
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If it was anyone other than Trump there never would have been charges or a case or a guilty verdict. How do you not understand that?
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Orange Blooded [4675]
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Re: Mr. Wonderful is awesome.
Feb 22, 2024, 9:00 PM
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————this. ☝️
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Orange Blooded [4790]
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Re: Kevin O'Leary
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Feb 21, 2024, 7:38 AM
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I'm sorry your hero disappointed you by having an opinion that you don't like even though its self evident to anyone with a brain. Maybe you're the problem in this equation.
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Lot o points [155948]
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"I thought he was a really smart guy who was respectable and knew what
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Feb 21, 2024, 7:41 AM
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he was talking about, until he said something I disagree with politically, and now I believe him to be a moron because I'm incapable of tolerating dissenting opinions."
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Head Coach [788]
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Re: "I thought he was a really smart guy who was respectable and knew what
Feb 22, 2024, 12:53 AM
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You missed the point by 100%.
I firmly oppose OLeary’s comments about not abiding by financial laws and regulations.
I don’t disagree with anything OLeary said politically. The case against trump has nothing to do w politics.
OLeary seems to think the case is about politics, while it’s factually based on law. This shows blatant ignorance on his part, and for that reason, I lost a lot of respect for him as a business person.
I just thought OLeary had a little more substance behind him.
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Hall of Famer [24108]
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Re: "I thought he was a really smart guy who was respectable and knew what
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Feb 22, 2024, 7:04 AM
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What do you think the reasoning was that NY just recently brought this suit against Trump? Seems like they would have done this a long time ago.
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CU Guru [1374]
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Re: "I thought he was a really smart guy who was respectable and knew what
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Feb 22, 2024, 7:16 AM
[ in reply to Re: "I thought he was a really smart guy who was respectable and knew what ] |
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You can’t be serious. This case was 100% political. There was no evidence. If they had any real evidence they would have charged him criminally.
Absolutely laughable. The judge valued Mar a lago at 18 million dollars. You know that, right? If you know anything about ocean front palm beach real estate, you would understand how truly ludicrous that valuation is.
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Orange Blooded [2021]
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110%er [7155]
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Re: Kevin O'Leary
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Feb 21, 2024, 7:49 AM
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TNet has a new expert on the real estate business and the financial aspects of that business.
We are indeed fortunate that you would take time to cleanse the unwashed of ignorance.
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Head Coach [788]
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Re: Kevin O'Leary
Feb 22, 2024, 12:43 AM
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You’re welcome. Don’t be too hard on yourself. Most people do not understand the secondary mortgage market. But those that do, have a very full understanding of how trumps crimes cannot be dismissed. Letting people blatantly lie on loan applications would eventually result in the collapse of the residential and commercial mortgage market.
Fortunately, we don’t live in a Third World country.
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Hall of Famer [24108]
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Re: Kevin O'Leary
Feb 22, 2024, 7:29 AM
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Wow! That's some really poor due diligence on a financial institution's part for not understanding the value of the collateral when purchasing such large loans.
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Hall of Famer [24809]
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When are they going to prosecute most all of the major NY banks for their CDOs
Feb 22, 2024, 7:38 AM
[ in reply to Re: Kevin O'Leary ] |
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from 2007...?
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All-TigerNet [12252]
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I don't know much about Kevin O'Leary but he simply see's what most folks not
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Feb 21, 2024, 8:33 AM
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blinded with a pure hatred of Donald Trump see. If you own a NY business and personally run afoul of the leftist political caste of that State - they can target and destroy you and your business with lawfare. And as opposed to what Governor Hochul is trying to sell - that "honest businesses" and this Trump prosecution is a "one off" - they see all to well that it could happen to any person or business in NY.
What we are seeing in NY are the fruits of mob rule and is a great example of why a pure democracy almost always turns into mob rule that eventually fail.
Letitia James ran on a platform of "get Trump" and the mob cheered and put her in the position to do it. Democrats are going to regret the day they turned to lawfare as a means to deal with their political opponents. Turning our justice system into a Lavrentiy Beria system of "show me the man and I'll show you the crime" will come back to bite them in the buttocks. In their quest of "anything goes so long as we get Trump", political prosecutors like Letitia James are destroying institutional norms and corrupting the institutions themselves.
In politics the wheel always turns a full circle - this lawfare will ultimately not end well for the Democrats and sadly the whole of the USA.
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Head Coach [788]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 1:02 AM
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OK, lots of nice opinion on your part. Now look at the facts of the case. Donald Trump and the Trump organization broke the law repeatedly.
They were charged for these crimes.
Evidence presented confirmed Trump and his organization committed these crimes.
Emails among Trump family members repeatedly confirm the crimes were committed.
Trumps attorneys saw the evidence and knew their clients were 100% guilty, so their primary defense was “but hey, there was no victim “.
I’ll make it easy for ya. A democrat stole a car from a car dealership, drove around for a week, and then returned it to the dealership with no damage and a full tank of gas. There was no victim. This was not auto theft. The car thief admits to stealing the car, their only defense is “hey there was no victim “
What’s wrong with this scenario?
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CU Guru [1374]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 7:19 AM
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What ####### crimes? Do you not understand this was in civil court? Not criminal court. Or are you too dense to understand that.
They didn’t have enough evidence to charge him criminally. They knew they couldn’t prove their ######## claims beyond a reasonable doubt.
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Head Coach [788]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 7:49 AM
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Ok, he was not convicted in criminal court.
So are you telling me he was found to be a reputable businessman and a true patriot in civil court?
He was found liable in civil court of inflating asset values in an extreme manner and repeatedly. The evidence proves this over and over again. Internal emails repeatedly confirm the actions and the intent.
The judge determined that Trump, top officials at the Trump Organization, and his companies submitted "blatantly false financial data" to accountants.
When confronted at trial with the statements, defendants' fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences.
They had no defense. They simply said, “but nobody was harmed”.
These actions by Trump are fundamentally anti business and do nothing but line his pockets with money. Fraudulent business practices like this destabilize the mortgage market in the United States.
Are you too dense to understand this?
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CU Guru [1374]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 10:30 AM
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Once again, the judge deemed that mar a lago was only worth 18 million. Which simply isn’t true. It’s worth closer to 500 million. At least. That one facts proves the judge was crooked and in fair.
Go to zillow and look up palm beach water front real estate.
Secondly, banks make their own assessments on the value of collateral. Given the fact that the banks granted him the loans they agreed with his valuations.
Lastly, the loans were paid back in good faith. Satisfying all debts and the banks were more than happy to work with him again.
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Head Coach [788]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 12:54 PM
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Ok, thank you for confirming you don’t understand how secondary mortgage markets work.
Look at the timing (years) of the appraisals. Come on this is easy stuff.
Paid back in good faith? Seriously, that’s a defense?
Banks happy to work w him again? US based banks stopped lending to him in 2001. Seriously Clark?
The points you made were components of the frivolous defense put forth by the trump defense team that knew there client was guilty.
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Head Coach [788]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 8:56 AM
[ in reply to Re: I don't know much about Kevin O'Leary but he simply see's what most folks not ] |
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Hey Drum boy, do civil courts count?
And if you really want criminal charges, stay tuned, trumps gonna be facing lots of criminal charges in New York, elsewhere, state courts, federal courts, etc.
Insert jurisdiction here.
For eight years now I’ve been amazed at how gullible trumpers are.
I’m just surprised OLeary is this gullible or maybe he’s not gullible he’s just trying to get clicks and attention. IDK.
LMAO.
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All-TigerNet [12252]
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This was an arbitrary application of NY State law with the intention of
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Feb 22, 2024, 9:57 AM
[ in reply to Re: I don't know much about Kevin O'Leary but he simply see's what most folks not ] |
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targeting a person because they find him politically abhorrent. It was a pure "show me the man and I'll find you the crime" prosecution and if you are so naive to believe that politics and "get Trump" had nothing to do with it then intellectual honesty is not your strong suit.
If Trump had never gotten into politics and simply remained the NY Democratic campaign funding cash cow that he had been for decades (including when his "loan crime" was occurring), we both know that none of this would have ever been looked into much less prosecuted. These loans were over 10 years ago where the banks didn't complain of fraud to the State. Instead the banks happily made the loans which were repaid in full - with the agreed upon interest. There was absolutely nothing in this whole affair that demanded the NY State's attention or else Eric Schneidermann (who was the Democratic NY AG during/after the loans occurred) would have looked into it.
Instead, Letita James campaigned on a "get Trump" platform and went digging in every nook and cranny she could to find something, anything, to prosecute the despised Trump. Was it something recent... nope she had to go back more than than 10 years to find 2011 and 2012 banking transactions in which no one complained and all parties in the transaction were satisfied with the result. Simply put - this is lawfare - "I know he is guilty of something so I'm not going to stop investigating him until I find something"....
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Head Coach [788]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 1:06 AM
[ in reply to I don't know much about Kevin O'Leary but he simply see's what most folks not ] |
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If you are worried about “ the whole of the USA” you are very happy that a court system charged Trump for his crimes. If these crimes became commonplace, the mortgage market would fall apart, and you would have very few residential mortgages and commercial mortgages and the mortgages that were issued would be at very, very high interest rates.
Trump and his crimes are truly a clear and present danger to the American economy.
Fantastic news that this type of criminal activity has been stopped.
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Hall of Famer [24108]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
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Feb 22, 2024, 7:47 AM
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The courts didn't charge him. It was the AG who won political office by campaigning that she would sue Trump.
Letitia James campaign quote regarding Trump on her campaign, "Oh, we’re going to definitely sue him. We’re going to be a real pain in the ###. He’s going to know my name personally."
Now, there may be validity to this verdict. I'm not surprised at all that Trump has shady business practices, but to think this suit was not politically motivated is laughable.
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Head Coach [788]
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Re: I don't know much about Kevin O'Leary but he simply see's what most folks not
Feb 22, 2024, 8:00 AM
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“Now, there may be validity to this verdict. I'm not surprised at all that Trump has shady business practices, “
Thank you.
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Orange Blooded [4020]
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110%er [5694]
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Yeah you are surely qualified
Feb 23, 2024, 8:49 AM
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to judge him as unqualified LOL
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Replies: 28
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