Thread by @KathrynTewson

Holy crap I got so wound up in all the RICO and defamation and stealing classified documents that I forgot that Trump was in court for bank fraud too. Summary judgment today; looks like it went poorly for him. Let's talk about it.

s3.documentcloud.org/documents/2399…

this is on page 2 of 35

this is not an auspicious start

to translate: TrumpCo tried to dismiss the complaint. Trial court said nope. TrumpCo appealed. Appellate court said "we're going to file off a couple rough edges and let Ivanka off the hook and THAT IS FUCKING ALL."

the judge: "do not make me turn this court around"

this is . . . look, none of this is good.

also special honorable mention to this right here

i mean, the shade of it all

y'all we are on page seven. SEVEN! and we're already into the patently-falses and fatally-flaweds!

for context: the Trump team is apparently so out of good arguments that they are recycling bad ones, and the judge is calling them on it with the relish of a badly-treated lover cataloguing their partner's sexual inadequacies.

this is where the bass gets real loud on the soundtrack

Allow me to remind y'all: this is an order on cross-motions for summary judgment and partial summary judgment, we're on page 11 of 35, the judge is spitting nails, defendants' counsel are looking at four-figure sanctions each, and we haven't even gotten to the motions yet

Just the fact that the court feels the need to -- or CAN -- distinguish this is so, so, so bad

"How did the deposition go? Deposition went FANTASTIC."

--Nick Rekieta, June 26, 2019

I'm skipping through a lot of these arguments because it's late and a lot of it is just the court finding new and different ways to call the defendants incompetent and unethical frauds. Here's the order again, in case you want to read those for yourself s3.documentcloud.org/documents/2399…

This is legalese for "You lose! You get nothing! Good day, sir!"

but now. . . now we get to the good shit.

back in a sec, I'mma pour myself a drink.

ok, I have a root beer float, I'm back.

So why is this the good shit?

The OAG brought seven causes of action against TrumpCo. The first was for repeated and persistent fraud. The next six were also for repeated and persistent fraud, but each one was limited to a specific type of fraud.

Here's the complaint if you want to refresh yourself. Settle in, it's a whopper. iapps.courts.state.ny.us/fbem/DocumentD…

If the Court finds for the state on the overarching fraud claim, that's basically the ball game; it would essentially wrap up liability and mean that the trial would primarily be about damages.

I've done some cut-and-pastery here to put the footnotes right next to their arguments, because it's too good. The Court cuts right to the chase, pointing out that TrumpCo's only defense is "Well, but what if numbers didn't mean anything?

More cut and pastery. The emperor, sayeth the court, has no clothes. Future value does not affect present value; time is linear; Trump is a grifter on a scale beyond even that which this lawsuit contemplates.

I'mma need this hearing transcript immediately. (more cuttery pastery)

Last cut-and-paste job for a while (just keeping paragraphs together): and there it is. TrumpCo is liable for fraud.

It goes on and on. TrumpCo was found liable for fraudulently inflating the value of Seven Springs, Trump Park Avenue, 40 Wall Street, Mar-a-Lago, and Aberdeen. The order itself is brutal but the footnotes are frequently a delight, frex:

I mean, look at this. That's gold.

In addition to the above, TrumpCo has also been found liable for fraudulently overinflating the value of the US Golf Clubs, the Vornado partnership, their intra-company licensing deals, and several other loans.

Oh look ALL the crooked little lads are liable in their individual capacity -- not just Pops, but Speedy and Lumpy, too! Plus Allen and Jeff, who should really find better friends.

Not to be outdone, all the entity defendants are ALSO liable.

And while damages are for trial, injunctive relief is something the judge can take care of right now. . . and he does so with a brutal axe swing. TrumpCo can't do business in New York any more, and all the defendant entities are dissolved.

And babies, that's all she wrote. (Well, he.) Liability on the other six claims, plus damages overall, is left for trial, but it's all over but the shouting.

How sweet it is.

@Mitchell10500 Not AG, Court. Sorry, it’s late