holy moly Trump just CREAMED | major W

So, Donald Trump might be really pissed

off at the Federal Reserve right now,

especially since they're potentially

setting up for rate hikes rather than

rate cuts, but he just saved a small

half a billion dollar. That's because

citing the ETH amendment, the New York

Court of Appeals threw out a $500

million fraud judgement about $527

million fraud judgment against Donald

Trump. Now, this doesn't mean that

they're not still calling him a fraud.

This, mind you, was back in 2022 when

Leticia James, Democrat, who's now being

investigated for mortgage fraud by

Donald Trump, even though Donald Trump

said he wasn't going to weaponize the

justice system, he's given them a taste

of their own medicine.

Leadia James alleged that Donald Trump

was inflating values of his real estate

empire for basically easier deals on

refinances on loans, whether

artificially inflating square footages

or the values of properties like the

value of Mara Lago or other assets to

basically show that he was a low

financial risk for banks. Now, Leticia

James argues that was fraud. But a lot

of other people look and go, "Wait a

minute. The banks didn't lose any money.

There were no victims." And then this is

where Leticia James tried arguing,

"Well, the victims were the other

potential buyers." You know, for

example, when you potentially inflate

how strong you are and you're able to go

buy the, you know, post office in

Washington DC to convert it into a

hotel, you screw the other buyers. And a

lot of Americans are like, "Bro, what

the f? Like, he won the deal. They he he

didn't screw anybody. Everybody got

paid. Like, what is this fraud lawsuit?"

Well, this fraud lawsuit would have

ended up banning uh the Trump

administration from getting loans in New

York for 3 years. It was a $350 million

uh uh basically uh payment that was

required of them plus interest and

penalties which is how they got to over

$500 million. Uh and it would have

banned Eric Trump and Trump Jr. from

doing business in New York or serving as

basically an executive at certain

businesses for two years. So, it was

really targeted at the family, uh, the

whole Trump family essentially. And now

what you've had is you've had an appeals

court decide, all right, look, this,

we've got a five panel, five judge panel

here. We're not going to make an

argument about whether or not Donald

Trump fraudulently misvalued

these properties. All we're going to do

is evaluate whether or not we think a

$500 million judgment against Trump and

his businesses is reasonable. And what

they found is that this fine was an

excessive fine that violated the eth

amendment of the constitution, which the

eth amendment to the constitution

prevents unreasonable bail, unreasonable

fines or cruel and unusual punishment.

Remember that is a key word that and by

the way something could be cruel

something could be unusual but for it to

be against the eth amendment it would

have to be cruel and unusual which is of

course a separate section of the eth

amendment which refers to excessive

fines. So basically, Donald Trump lands

a massive win here, indicating that the

appeals court in New York decided that

Leticia James' fraud case, whether or

not it was right, was way excessive

compared to the potential harm that was

done to society, which again the Trump

administration argues was zero because

banks weren't hurt and there were no

victims. It was victim victimless crime

crime, quote unquote, if you will. Uh,

and then Leticia James of course argues,

"Yeah, but you you can't set a precedent

for allowing people to lie on their

mortgage applications." Which is of

course the irony because Donald Trump is

now going after Lisa Cook at the Federal

Reserve for potentially lying on her

mortgage applications or having an

having two owner occupied loans closed

within 2 weeks of each other with the

potential that maybe the lenders on each

side weren't aware that she was going

for two owner occupied loans. And then

it makes you wonder, is that with

Leticia or with Lisa Cook a victimless

crime? Does that create a precedent of

distrust and mistrust in our US mortgage

market? Could she be fined excessively

or is it the same thing as with Donald

Trump? Little bit of a fib if indeed

that's what happened. Nobody got hurt.

Does it matter?

Either way, big win here for the Donny

T. Why not advertise these things that

you told us here? I feel like nobody

else knows about this.

>> We'll we'll try a little advertising and

see how it goes.

>> Congratulations, man. You have done so

much. People love you. People look up to

you.

>> Kevin Pra there, financial analyst and

YouTuber. Meet Kevin. Always great to

get your take.