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If Donald Trump did inflate the values of his properties when applying for loans (as Letitia James contends), who was hurt? I would genuinely like to know what specific person or business was harmed by this.

In real estate finance, the property serves as collateral for the loan. That’s why lenders and banks underwrite the property as well as the borrower. Lying on a loan application about ability to pay, or value of the collateral, is fraud, even if the borrower doesn’t later default.

Why would you argue that some people get to commit fraud (which is a criminal offense) while others do not? People go to jail and/or pay fines and restitution for committing fraud all the time. They also suffer civil penalties. Do you think the laws should be different for certain people? Or do you just think fraud should not be illegal?

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