0:37

I'm sorry , I couldn't hear that . Could you repeat that please ? Child

0:39

with toys , for you , fucking heard me . There's no need for Hostility

0:41

, mr .

0:41

Bennett , why nobody here likes you ? I saw you

0:44

eat lunch alone . You're a loser . Your honor

0:46

, mr Bennett . I hope your kids get bird flu

0:48

.

0:48

Mr Bennett , I'm sorry Now

0:50

you said your parents purchased

0:53

it , as one might purchase a

0:55

baseball glove or a big wheel .

0:57

No , it's not like that objection . You

0:59

can't do that . You know what this is bullshit

1:01

.

1:03

Hey , ryan , I just dare pay my .

1:05

Ryan , donald Trump Jr . Hugs

1:07

to win , see you . Hey everybody , I want y'all

1:10

to check out a fellow Marines bonkats

1:12

. My name is Ted .

1:13

Neuchat and I got a call from my buddy , ryan

1:16

F Samuels , and he wants me to tell

1:18

you that he's a working hard playing all

1:20

American . Son of a who is celebrating

1:22

God , family country .

1:25

Welcome to the Ryan Samuel show

1:28

, one of the top political podcasts in the

1:30

United States , where we have a healthy Government

1:33

and mainstream media . The Ryan Samuel

1:35

show is a raw , unfiltered look at

1:37

American politics . Follow on Facebook

1:39

, twitter , youtube , rumble and

1:41

all podcast platforms . Here is

1:43

your host , ryan Samuels . Hello

1:46

patriots , welcome back .

1:46

We are here again

1:49

To talk about the

1:52

latest drama or one of the latest dramas

1:54

. There just seems to always be something Going

1:57

on in the world . Donald Trump has been ordered to

1:59

pay an insane 355

2:06

million dollars For an

2:08

incident that was not a crime where

2:12

there was a victim , and it was essentially a consensual agreement

2:15

between him and the bank

2:18

, which is not odd For any real

2:20

estate developer or any business person to kind of do . The bank

2:22

didn't , you know , press any charges . The bank

2:24

didn't say they were wronged . In

2:27

fact , they testified that no , we valued the

2:29

property at you

2:34

know the the amount that he told us

2:36

. And then they proceeded

2:38

to value Mar-a-Lago at 18 Million dollars

2:40

, which is absolutely ludicrous and this is obvious political

2:42

persecution . Now

2:46

, the judge from the beginning was completely biased . Alina

2:50

Habba came out and said that . You know she wasn't allowed

2:52

to speak . They put a gag order on

2:55

his attorney . She wasn't allowed to talk to the press about the case . I

2:57

mean that's absolute nonsense . You

3:00

know you have a right to the First Amendment

3:02

and you have a right to talk about a Trial

3:05

, a public trial by public officials . You

3:07

have a right to express anything that

3:10

you feel is wrong to the world . I

3:12

mean that's your basic right to the First

3:14

Amendment freedom of press , freedom of speech and

3:17

that's why it's specifically there so that you can address your

3:19

redress , your grievances with the government

3:21

in a public forum , and

3:24

they cannot silence you for it . Obviously

3:28

, liberals and MSNBC are cramming in their

3:30

pants over this Because

3:32

they're not allowed to talk about it . They're pants

3:34

over this because they're

3:36

losers and they have nothing else to do with their lives

3:39

. But let's , let's listen to this

3:41

segment here about this

3:45

Donald Trump ruling .

3:48

Let's ask Kristen , you use this 6312

3:51

and the Trump University suits , a

3:53

University that was scamming people

3:55

, wasn't actually giving them useful information

3:58

for them to do business and wasn't licensed

4:00

and it wasn't a University , etc . Yes , yeah

4:02

, yeah . So tell me , is it fair ?

4:05

Look . The thing is that the notion that 6312

4:07

is this sort of weird thing that shouldn't

4:10

be applied and so forth and so on . This

4:12

, this statute , and the statute that was based on

4:14

, which is called the Martin Act , which may be the one that people

4:16

are more familiar with , the Martin Act applies

4:18

to securities . These law , the Martin Act , was

4:20

put on the books in New York about a hundred years ago . We

4:23

have a lot of case law to

4:25

support this . This , this statute , is used

4:27

by the AG's office every day against

4:29

all sorts of other Frauds and

4:31

misdeeds . That the , the , the , the

4:34

legal standard is whether there was a tendency

4:37

to deceive . That's

4:39

what it is , and the legislature in New York May

4:41

have public policy choice to say that

4:43

that was an important weapon for

4:46

the AG's office to have to vindicate the

4:48

public good in this situation and

4:51

it seems like what judge Angorne found was there

4:53

was intention , not just an attendancy

4:55

.

4:55

There was intention to deceive , which is even

4:57

higher than they needed .

4:58

It's basically , if the bar is here . You know

5:00

there was that . The evidence went way over the

5:02

bar .

5:03

I mean he's saying when confronted it .

5:05

How is their intention to deceive ? If

5:08

the bank agrees with

5:10

him and the bank says that we're not being

5:12

deceived and they do their Own due diligence and

5:14

they value the property themselves and they come

5:16

back with a with an amount of money

5:19

, I don't , where's the

5:21

deception ?

5:22

trial with statements , defendants , fact and expert witnesses

5:24

simply denied reality and defendants

5:26

failed to accept Responsibility or to

5:28

impose internal controls to prevent

5:31

future recurrences .

5:33

Under 63 12 , you

5:35

don't need intent , but intent becomes

5:37

an aggravating factor . So

5:40

that's part of why we see the penalties so

5:42

high here .

5:42

There's a couple things you don't need intent

5:45

, well then , it's not

5:47

a crime if there's no

5:49

intent .

5:50

One is there was a great graphic that was up just

5:53

a second ago and it showed especially seven

5:55

springs . I think it was one of them , were it ? Let's

5:57

just talk about the numbers here the sheer

6:00

quantity of the

6:02

Disparity

6:04

between what he claimed to the property

6:06

was and what it was appraised for . We're

6:09

not talking about something where he rounded

6:11

up a little bit or added

6:13

a little 20% , 30%

6:15

. That one right there , that's the one . Take

6:17

a look at that . Look at seven springs

6:19

30 million appraised value and

6:21

he tried to value it at my

6:24

eyesight is terrible 261

6:26

291 million dollars . You

6:29

gotta be kidding me , just that

6:31

. Is it right there ? Screenshot

6:33

that that's your , that that's your

6:35

. Exhibit a right there . For if

6:37

you want to know , why is he in this much trouble

6:40

?

6:40

That's why you

6:42

have a 10x premium over

6:44

reality let me , let me hold

6:47

on , guys , let me know .

6:50

Where is the appraisal coming from ? I mean , when you own

6:52

a home and you do your

6:54

tax appraisal , the appraisal

6:56

on your home is significantly lower than

6:58

the appraisal when you sell it . Who

7:05

appraised it at the 30 million ? Because the judge

7:08

ruled that Moralago was worth 18 million

7:10

. So did the judge also appraise this

7:12

?

7:15

Go ahead and read from the specifically

7:17

the piece in this ruling on

7:19

7th spring so happen to have it in front of me From 2011

7:21

to 2014, . When valuing a

7:23

plot of land upon which seven mansions could be

7:26

built in Bedford , mcconney relied

7:28

on valuations provided by Eric Trump , who advised

7:30

McConney to value the seven mansions development

7:32

at 161 million on the 2012

7:35

SFC , which is a financial statement . This

7:37

valuation assumed a host of future events

7:39

that had not and , as hindsight has

7:41

shown , would not occur , including

7:43

that the Trump Organization had received legal

7:46

permission to develop the lots , that the mansions

7:48

were already built and available for

7:50

sale , and that there would be no construction

7:52

or development costs associated

7:54

with building the mansions . Eric Trump

7:56

further advised McConney to use these values again

7:59

in 2013 and 2014 . Eric

8:01

Trump was aware that the values he was providing would

8:03

be used on his father's SFCs

8:05

.

8:06

upon realizing that , she doesn't even know

8:08

the terminology .

8:10

Building the seven mansions would be neither feasible

8:13

nor profitable , the Trump Organization

8:15

, through outside counsel Sherry

8:17

Dillon , commissioned an appraisal from

8:20

the Cushman and Wakefield firm to determine

8:22

the value of the development rights

8:24

for the plot of land upon which the

8:26

Trump Organization had previously considered

8:29

building the seven mansions . In

8:31

August 2013 , eric Trump advised McConney

8:33

to continue to use the undisclosed value

8:35

undiscounted value of 161

8:38

million for the seven mansion development

8:40

, despite having received an initial

8:42

estimate approximately 5.5

8:45

million from Cushman and

8:47

Wakefield , and goes on just

8:49

one little portion . Further . On

8:52

September 8 , 2014 , david McCartle

8:54

of Cushman and Wakefield advised Eric Trump

8:56

verbally that he had appraised the seven mansion

8:58

development at 14 million . Notwithstanding

9:01

, a mere four days later , eric Trump

9:03

advised McConney to continue

9:05

using the 161

9:08

million dollar value . So

9:10

on September 4th , he was told it's

9:13

14 million . Four days later

9:15

, september 12th , he

9:17

advised McConney to continue using

9:19

the 161 million dollar

9:22

value .

9:22

And these are just accusations by

9:25

Leticia James . That's all she's reading

9:27

as if they're a fact .

9:28

Yeah , so from 14 million to 161

9:31

, underscoring your point , right .

9:33

So that's number one . Number two

9:35

, if we're going back to talking about the

9:37

bands or the corporate , the

9:39

cancellation of the corporate charters , which now is

9:41

out of the punishment here , whereas before

9:43

it had been in , there is one thing

9:46

that I want to point to when we're talking about harm

9:48

, is that what should be

9:50

looked at here . I think the AG's office should

9:52

really be looking at this . I hope it's

9:54

something that we see in further

9:56

arguments in this case and that , on appeal , is

9:59

that we should not just be looking

10:01

at the fraud and illegality that

10:03

was committed in this particular case , when

10:05

6312 has been used

10:07

before to bring about these kind

10:10

of removal of licenses

10:12

or banning from industries and so forth

10:14

and so on . It is to

10:16

look at the totality of that

10:18

bad actor's misconduct

10:20

in New York state . So in my

10:22

view , we should be looking at Trump University , we

10:25

should be looking at the Trump Foundation , we should

10:27

be looking at the Manhattan .

10:28

The Foundation which was ordered not to .

10:30

They had to wipe it out because of the stealing

10:32

money .

10:33

Anything they can get their hands on . Essentially

10:35

is what he's saying .

10:37

From a kid , from money that was supposed to go to a kid's cancer

10:39

charities . You had the Manhattan

10:42

DA . We forget about this case . Now got

10:44

a conviction of the Trump organization what

10:47

it was a year or two ago for

10:49

tax fraud with regard to executive

10:52

compensation and that also applied to Allen Weisselberg

10:54

. He spent some time in Rikers for it and

10:57

then the violation of the court order in this

10:59

matter itself , where he took 40 million

11:01

dollars that was supposed to not be moved

11:04

out of the Trump organization and used

11:06

it improperly for his personal

11:08

expenses . All of this adds up to

11:10

just a it's . You know I'm colloquializing

11:13

here , but it's it's , it's grinding .

11:16

There's going to be a lot of gems in this .

11:19

So they're super excited , they're fired up

11:21

, and so is CNN . And

11:23

the greatest thing of

11:26

today is that

11:28

Kevin

11:34

O'Leary came

11:36

out and

11:38

he was on CNN and they were talking

11:40

about the Trump case and the

11:42

seat . The CNN

11:45

host . I

11:48

guess I don't know why she thought Kevin

11:50

O'Leary would be on her side , but

11:54

she kind of just walks into this and Kevin O'Leary

11:57

, he just obliterates her and he's

11:59

right . Everything he's saying is absolutely right .

12:02

Wouldn't there be many companies who would

12:04

not want to do business or loan

12:06

money to people like yourself or

12:08

investors , if they

12:10

know that they can get away with fraud and there's no

12:12

recourse to protect them ?

12:16

Excuse me , what fraud . This

12:18

is not about Trump anymore . When you

12:20

get a developer that builds a

12:22

building and he says it's worth

12:24

$400 million and he wants

12:26

to borrow $200 million from a bank

12:29

which happens every day everywhere on

12:31

earth , including every American city every

12:33

developer is an entrepreneur . They shine

12:35

the light on their building and they say it's worth $400

12:38

million . The bank does its own due diligence , as

12:40

was done in this case , because

12:42

the banks are very good and

12:44

they say no , it's worth $300 million , we're only

12:46

going to loan you $150 million . That

12:48

haggling has gone on for decades

12:51

. That's how it works . Then , in

12:53

this case , even the bank that was

12:55

supposedly defrauded testified

12:58

and said we didn't lose anything . We want to do

13:00

business with this guy again . We'd

13:02

like to . But the judge said no , no , no , no

13:04

, no , no . Let's penalize this

13:06

developer for $355

13:08

million . We're going to do that . Let's

13:11

penalize all the developers

13:13

all across America . They've

13:16

all done the same thing . All of them

13:18

should go to jail and we should

13:20

stop building buildings . That's what

13:22

the message is from New York . Even the

13:24

governor herself is concerned about

13:26

what this looks like to investors

13:28

all around the world . It's not just US domestic

13:31

. All around the world , people are talking

13:33

about what happened here .

13:36

I mean , he brings up a great point . Who's

13:39

going to want to do business in New York If

13:42

you enter into an agreement with

13:44

anybody ? Right , if

13:48

somebody ? If you need money and your

13:50

uncle is like , well , I'll give you

13:53

$500,000

13:55

, but if you don't pay me back , I'm going to take your house . Okay

13:58

, but my house is only worth $175,000

14:00

. That's fine . Whatever , I don't care , it's not collateral

14:02

. Oh , okay , I

14:07

mean , is it fraud ? Is that fraud ? Or

14:09

is that just a mutual consensual

14:11

agreement between two consenting

14:14

adults ? If

14:17

the bank says , yeah , no , it's fine , we'll give you

14:19

a $150 million loan on that

14:21

property . That's between you and the bank . It's

14:25

the bank's responsibility to do their due diligence

14:28

and say yes or no . They

14:30

want to do business with Donald Trump

14:32

because he always pays his loans

14:34

and they make millions of dollars off

14:36

of him alone . So

14:39

now you just took all of that business out of New

14:41

York . You barred Trump from operating business

14:43

in New York for three

14:46

years , all on a political witch

14:48

hunt .

14:49

I really think people want to invest money in New York

14:51

after this . How about we go somewhere else ? Well

14:54

, I think there are people who would

14:56

.

14:56

I don't want to cut you off , but I want to converse

14:59

with you instead .

14:59

Well , you just did .

15:00

It's only because .

15:01

I want to have a conversation with Kevin

15:03

as

15:03

opposed to just having you tell me I respect you

15:05

because you're a lawyer . You're a lawyer

15:07

. You understand exactly what I'm talking about

15:10

.

15:10

I gotta tell you I'm respectable for a number

15:13

of reasons , kevin O'Leary , but being a lawyer is one

15:15

of those .

15:17

Good God , you give me a frickin'

15:19

break . That's not the only reason

15:21

I'm respectable . Shut up .

15:24

This is what I'd tell you when I hear

15:26

your conversation , and I do want to converse with

15:28

you about this point . I understand

15:30

that there are legitimate concerns that were raised during

15:33

the trial and will continue to be raised about

15:35

who the quote unquote

15:37

who is actually bringing into suit . It wasn't

15:39

the banks who were saying that . We as

15:41

consumers are unsophisticated , feel this way

15:43

, and Tisha James , attorney general

15:46

, and I know you want to expand beyond . Trump has

15:48

suggested . Well , it's about making the

15:50

playing field level for those who are not the

15:52

major and billionaire investors

15:54

, but for those who are supposed to put business

15:56

records out there , want to get a loan

15:59

, the idea of making sure that they

16:01

have to have the same true

16:03

statements included as those who have

16:05

a lot more money . Is there any weight to that

16:07

for you ?

16:09

Well , I asked you who

16:12

lost money . I make it even clearer

16:14

you and I we're developing

16:16

a data center together and I say to you we

16:19

can go to New York , where this just happened

16:21

. It's your money now . You're

16:23

now an investor and you're taking risk . You're

16:25

an entrepreneur , with me right beside me . We're together

16:27

on the deal . Or I can show you Oklahoma

16:30

, north Dakota , west Virginia , where the governor's

16:33

actually ran businesses . Let's

16:35

go there where this never happened before

16:37

. They have power , they have permits , they've

16:40

got legislation that's supportive of entrepreneurship

16:42

. Why would we go to New York ? Why take

16:45

the risk ? My only point

16:47

is did we just diminish

16:49

the great state of New York and

16:51

the great people of New York , and

16:54

shouldn't they ask for better management

16:56

so they don't become a flyover state ? Remember

16:59

, new York has the highest taxes in the country

17:01

, the worst regulatory environment

17:03

and it's incredibly mismanaged , and

17:06

I'm pointing out now , on top of that , you

17:08

get this insanity , a victimless

17:11

crime , and forget about Trump . It's

17:13

not about Trump . I don't care about Trump in this

17:15

. I care about America and

17:17

I care about entrepreneurship and

17:19

I care about democracy . And the

17:21

fairness to judicial

17:23

system is now being criticized . People

17:26

are asking themselves the bar of New

17:28

York . Is this judge

17:30

rational to charge $355

17:33

million in a case where no one lost

17:35

any money ? Is that good for the people

17:37

of New York ? What's the people of New York

17:39

wake up to this and say what's happening

17:41

to us . Why is this becoming

17:43

so perverse

17:46

? Why are we the focus of

17:48

this injustice ? And I've nothing

17:50

to do with Trump . I'm not supporting Trump . I'm

17:52

supporting American entrepreneurship , and

17:55

New York is slowly becoming the

17:57

number one loser state in

17:59

America . I'm sorry , that's

18:02

what's happening .

18:04

I mean Woll said , and he

18:06

makes it a point to say that

18:08

he's not supporting Donald Trump . I

18:11

mean that's fine , it doesn't

18:13

matter . But he's right , because it's not about Donald Trump

18:16

. The precedence has been

18:18

set and now

18:20

that the precedence has been set , the precedent

18:22

, the precipice , the

18:27

precedent has

18:30

been set . It opens

18:32

the door for it to be done again . So

18:35

now Kevin O'Leary is saying that the New York

18:37

State bar is asking questions about the judge

18:39

, like should this guy even be a judge ? I mean they could

18:41

disbar him . They could

18:43

. They did it to Rudy Giuliani and

18:46

he was the mayor of New York . So

18:49

I mean you could PRODUCERTO

18:52

, you

18:55

could disbar the judge and

18:57

he should be disbarred . I mean so should Leticia

18:59

James I mean the two of them should be

19:01

should be written out of New York on

19:03

a rail and Tartan feathered

19:06

. I mean it's disgusting , it's deplorable

19:08

what they're doing , it's

19:10

absolutely shameful . You

19:13

know , donald Trump built the skyline

19:15

of New York City and this is the

19:17

thanks that he gets , because he's trying to take out

19:19

a loan to build more buildings alone

19:22

. Like that doesn't even make any sense . It's

19:27

fraud , okay , but the bank is

19:29

okay with it , right

19:31

, they're okay with evaluation . Like

19:34

you're sticking your hands where they don't belong

19:36

.

19:38

A decision is expected today . In former

19:40

President Donald Trump's civil fraud trial

19:42

here in New York . Attorney General Leticia James

19:45

accused him of inflating his wealth

19:47

to get better loans and insurance rates

19:49

. Cbs News Alice Gaynor has been covering

19:51

this trial since it started and joins us from

19:53

the newsroom with more .

19:54

Alice Mary . The trial began in October

19:57

. Closing arguments were last month . We heard

19:59

from about 40 witnesses . The former

20:01

president is potentially facing millions

20:03

of dollars in penalties and could also

20:05

be barred from doing business here in New

20:08

York . This is a civil case , not

20:10

criminal , so there is no possibility of

20:12

prison time . A judge is deciding the case

20:14

because juries are not allowed in

20:16

this type of lawsuit .

20:18

Amazing how there's no jury allowed . Number

20:21

one , number two if it was a criminal case

20:23

, they would lock him up and

20:25

throw away the key because he's Donald Trump

20:28

and they're far left lunatics

20:31

. I mean Arthur

20:33

Angaran or whatever

20:35

the judge is , I mean his wife tweeted

20:38

out that Donald Trump should be going to jail

20:40

and all this other stuff . So they're clearly

20:42

hate Donald Trump . He's clearly biased

20:44

. I mean , the decisions

20:47

he made in the case were just absolutely outrageous

20:49

. To put a gag order on

20:51

a former president of the United States why

20:53

so he can't speak during his campaign ? To

20:56

put a gag order on the attorney , the

20:58

one who represents them ? I mean this is

21:01

absolutely ludicrous .

21:03

Before the bench trial began , judge Arthur

21:05

Angaran ruled that former president

21:07

Donald Trump and top execs at the Trump

21:10

Organization committed fraud for years

21:12

, deceiving banks , insurers and

21:14

others by inflating his assets

21:16

and net worth on statements of financial condition

21:19

for 11 years .

21:21

So before the trial even began I

21:25

mean you heard what they said . I mean this is CBS . They're

21:27

not doing Trump any favors Before

21:31

the trial began , before the

21:35

evidence was heard , he

21:37

already ruled that

21:39

they committed fraud for years . Imagine

21:46

having a judge do a ruling before you have your day

21:48

in court .

21:50

That's what happened here In

21:52

order to get better loan terms and other deals

21:54

. To name a few , the size of Trump's

21:57

penthouse at Trump Tower was exaggerated

21:59

by nearly three times its size

22:01

. Mar-a-lago was valued as a

22:03

single residence , but in 2002

22:06

, trump signed over any and all of their

22:08

rights to develop the property for any

22:10

usage other than club usage . Angaran

22:13

then ordered some of Trump's business licenses

22:16

rescinded , but an appeals court

22:18

halted that order . An independent

22:21

monitor agreed upon by both parties

22:23

was ordered to oversee Trump Organization

22:25

operations . That monitor wrote

22:28

to the judge that after 14

22:30

months , I have identified certain deficiencies

22:32

in the financial information that I have reviewed

22:34

, including disclosures that are either

22:37

incomplete , present results inconsistently

22:39

and or contain errors . Trump

22:42

attorneys shot back in a letter to the

22:44

judge that the monitor quote points only

22:46

to minor and immaterial discrepancies

22:48

and that further oversight is

22:50

unwarranted and will only unjustly

22:53

enrich the monitor , as she engages

22:55

in some Javert-like quest against

22:57

the defendants , referencing the inspector

23:00

and Victor Hugo's fictional Les Miserables

23:02

. During the trial , the former president

23:04

, his two eldest sons , eric and Donald Trump

23:06

Jr , and former Trump Organization

23:08

CFO Alan Weisselberg and former

23:11

controller Jeffrey McConnie all took the

23:13

stand . They denied any wrongdoing

23:15

with Trump , arguing his financial statements

23:17

undervalued his assets and

23:19

that they had disclaimers on them . Attorneys

23:22

for the defendants argued there are no victims

23:24

in this case and none of the banks or

23:26

others complained . New York's anti-fraud

23:29

law requires the attorney general show

23:31

there were repeated fraudulent or illegal

23:33

acts . New York Attorney General Letitia

23:36

James had asked that Trump be banned

23:38

from doing business in New York and pay

23:40

$370 million , equal

23:43

to what she said was saved interest and

23:45

other ill-gotten gains . During

23:47

closing arguments attorneys explained more

23:49

than 168 million was for

23:51

saved interest on four commercial real estate

23:54

loans , more than 139 million

23:56

in profit for the sale of his old post office

23:58

property , 60 million in profit

24:00

for the sale of Ferry Point and 2.5

24:03

million in bonuses paid to Weisselberg

24:05

and McConnie .

24:07

Who is he paying ? Who is he paying ? Who's

24:11

he paying ? Is he paying the bank or is he paying

24:13

the state ? The

24:18

bank doesn't even want it . The bank is okay

24:20

with the deal . They're like no , this is a good deal .

24:24

So before the trial the judge ruled they can make .

24:26

And the bank can make any decision that they want

24:28

to make . The bank can say I'm going to give you a loan

24:30

at this percentage

24:32

rate . Now there's certain regulations where

24:35

they can't exceed a percentage rate and

24:37

they vary by state when it comes to loans , but

24:42

they can kind of do whatever they want to

24:44

do . I mean , it's their money .

24:48

Admitted fraud . What's left to decide ? Six

24:50

claims in the AG's lawsuit , which include allegations

24:52

of conspiracy , falsifying business records

24:54

and insurance fraud . Defense attorneys

24:57

indicated they would be appealing the decision if

24:59

the judge rules against them . Live in

25:01

the newsroom Alice Gainer , cbs 2 News .

25:03

Alice , thank you , when , when today's decision .

25:08

They're going to appeal it and by the time

25:10

the appeal even comes through

25:12

, donald Trump is most likely

25:14

going to be president

25:17

of the United States as

25:19

it sits now , as it is

25:21

today , and

25:24

they're all in trouble . This is why they're panicking

25:26

. I mean , they are beside themselves

25:28

and

25:31

they know that they're in a lot of trouble

25:34

if Donald Trump becomes president of the

25:36

United States again . So they're doing everything

25:38

that they can to stop him . But it's not working . It's

25:41

actually working in the opposite direction . Joe

25:44

Biden is a disaster . He's an absolute

25:46

disaster , and

25:50

he's going nowhere . He's not going to get

25:52

reelected . He's not . He's

25:54

at the lowest approval rating of any president

25:56

in American history running for

25:59

reelection . Trump

26:03

is destroying him in

26:05

the polls . I mean just obliterating

26:09

him . It's not even fair , and

26:11

rightfully so .

26:16

Let me just read a little bit from the summary from Judge

26:18

Ngoran's decision , because I think it's worth just

26:21

reading it out loud In order to borrow more and

26:23

at lower rates . Defendants submitted blatantly

26:25

false financial data to the accountants

26:28

, resulting in fraudulent financial

26:30

statements . When confronted at trial

26:32

with the statements , defendants fact and expert

26:34

witnesses simply denied reality

26:37

and defendants failed to accept responsibility

26:40

or to impose internal controls

26:42

to prevent future recurrences

26:45

, as detailed herein . This court

26:47

now finds defendants liable , continues

26:50

the appointment of an independent monitor , orders

26:53

the installation of an independent director

26:55

of compliance and limits defendants'

26:57

right to conduct business in New York

27:00

for a few years . But

27:02

, lisa , this is not a lifetime ban .

27:04

It's not a lifetime ban , nor is it the ban

27:06

on his participation in the real estate

27:08

industry that the Attorney General sought

27:10

, but what it does do is recognize

27:13

the harm to the public . You

27:15

know , donald Trump , throughout this trial , kept

27:17

shouting about various defenses

27:19

that he had .

27:21

What harm to the public ? How was the public harmed

27:23

?

27:24

His favorite ones was that nobody was harmed and the banks

27:26

loved him and everybody got repaid . And

27:28

judging Goron in this decision is wholesale

27:31

rejecting that . Saying timely and

27:33

total repayment of loans does not

27:35

extinguish the harm that false statements inflict

27:37

on the marketplace Indeed , the common excuse

27:40

that everybody does . It is all

27:42

the more reason to strive for honesty and transparency

27:44

and to be vigilant in enforcing the rules

27:46

here . Despite the false financial statements

27:49

, it's undisputed that they have

27:51

made all required payments on

27:53

time . The next group of lenders

27:55

to receive bogus statements might not

27:57

be so lucky .

28:04

There you have it . I do not believe

28:07

that Donald Trump will be paying $355

28:09

billion . I don't . I

28:12

think it's going to go to the appeals court . I think it might even

28:14

go to the Supreme Court . Yes , it's a civil

28:16

case . A lot of the stuff is

28:18

going to go to the Supreme Court and we'll

28:20

see what

28:22

comes back with all of it . But

28:25

the notion that you can't enter , I mean this is

28:27

how New York is . I'm from New York , born

28:29

and raised . I'm out of there . Now I'm in Florida

28:32

. Thank God , thank God . This

28:35

is how it is . Total control over everything

28:38

. I mean it's absolutely asinine

28:41

Just how much

28:43

. I mean you can't even make a decision with

28:45

another person without the government

28:47

being involved and New

28:49

York's going down the toilet . I

28:52

mean nobody wants to be there . I don't want to be there . I

28:55

mean people were flocking in ridiculous

28:58

numbers to states like Florida

29:00

and North Carolina and

29:03

because they can't afford the taxes or

29:06

they don't want to deal with the over total

29:08

control . And now all

29:11

of these business developers are going to be

29:13

like , I'll just develop

29:15

somewhere else . I mean it's not hard

29:17

, I'm not opening

29:19

a business in New York . I'd be like , nah , I'm

29:22

good , I'll go somewhere where they

29:24

want me . I'll take

29:26

my , my billion dollar

29:28

buildings and I'll build them

29:30

in a city where

29:32

they want me . You know how many

29:35

governors and how many mayors

29:37

will give tax breaks and

29:40

so many benefits to people

29:42

who want to build skyscrapers

29:45

in their cities ? All

29:48

of them , all of them . Oh

29:50

, you're going to build this skyscraper , which

29:53

means you're going to give us a ton of jobs for

29:55

our construction . Then you're going to

29:57

build all these offices . You're going to bring all these jobs

30:00

here , like if a city bank wants to build a skyscraper

30:02

and wants to move their corporate headquarters

30:05

, they're like hell , yeah , bring all those jobs here . Those

30:08

are all tax paying people who

30:10

we love , would love to live

30:12

in our city and you can build whatever

30:14

you want , yeah . However , your little heart desires

30:16

Not New York . They

30:19

don't want you . They want

30:21

a bunch of illegal immigrants , though . That's

30:23

okay , that's

30:26

fine . They want to use the taxpayer money to

30:28

provide housing for them , but they don't want

30:31

people like Donald Trump building

30:33

houses . Thank you very much for tuning

30:36

in . This is the Ryan Samuel Show . Make

30:38

sure you hit that like , share and subscribe

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button and we will see you next

30:42

time .

30:45

Thanks for tuning in to the Ryan Samuel

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