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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (1029737)9/6/2017 9:25:19 PM
From: Brumar89  Read Replies (1) | Respond to of 1578891
 
I didn't run away, I didn't consider defending that important.

But if you need that:
nationalreview.com

.....
But the most glaring evidence supporting Romney’s insinuation comes from Trump’s 2007 libel lawsuit against New York Times reporter Tim O’Brien. In his book TrumpNation: The Art of Being The Donald, O’Brien wrote: Three people with direct knowledge of Donald’s finances, people who had worked closely with him for years, told me that they thought his net worth was somewhere between $150 million and $250 million. By anyone’s standards this still qualified Donald as comfortably wealthy, but none of these people thought he was remotely close to being a billionaire. Trump contended that passage was a lie and damaged his reputation. Trump fought, lost in court, appealed, and lost again. If Trump’s fortune is multiple billions as he contends, one or two tax returns would have demonstrated the three sources were wildly off-base.

In a recent interview with National Review’s Ian Tuttle, O’Brien said, “The case dragged on for as long as it did because he wouldn’t comply with discovery requests. He wouldn’t turn over the tax returns, then the tax returns came in almost so completely redacted as to be useless.” The New Jersey Superior Court in its decision offered a blistering rebuke to Trump, contending that there was no good reason to conclude that O’Brien’s sources were being dishonest: O’Brien has certified that he re-interviewed his three confidential sources prior to publishing their net worth estimates, and he has produced notes of his meetings with them both in 2004 and in 2005. The notes are significant, in that they provide remarkably similar estimates of Trump’s net worth, thereby suggesting the accuracy of the information conveyed. Further, the accounts of the sources contain significant amounts of additional information that O’Brien was able to verify independently. Even worse, the court concluded that Trump was an untrustworthy source for estimates of his own net worth: “It is indisputable that Trump’s estimates of his own worth changed substantially over time and thus failed to provide a reliable measure against which the accuracy of the information offered by the three confidential sources could be gauged.”

The three-judge panel essentially called the mogul a liar: “The materials that Trump claims to have provided to O’Brien were incomplete and unaudited, and did not contain accurate indications of Trump’s ownership interests in properties, his liabilities, and his revenues, present or future.”

The court even cited a 2000 Fortune article detailing past Trump financial exaggerations: That difficulty is compounded by Trump’s astonishing ability to prevaricate. No one’s saying Trump ought to be held to the same standards of truthfulness as everyone else; he is, after all, Donald Trump. But when Trump says he owns 10% of the Plaza hotel, understand that what he actually means is that he has the right to 10% of the profit if it’s ever sold. When he says he’s building a “90-story building” next to the U.N., he means a 72-story building that has extra-high ceilings. And when he says his casino company is the “largest employer in the state of New Jersey,” he actually means to say it is the eighth-largest......

.....O’Brien’s lawyers cited documents from Deutsche Bank in 2005; the bank was underwriting a $640 million construction loan it made to Trump’s Chicago condo and hotel project. Deutsche Bank estimated Trump’s net worth was $788 million. That year Trump told the New York Times he was worth $5 billion to $6 million. During the libel suit, Trump had 5 billion reasons to just show his full tax returns and prove the author’s estimate was wildly off base. But he did not. ..

Read more at: nationalreview.com