Treason, as a crime, only applies if we are at war with the opponent they are betraying us to. We’re not officially at war, so the traitorous Republicans are not, in the strictest legal sense, committing treason with their constant betrayal of the American people.
Putin thinks all Americans are as stupid and as easily manipulated as Defendant Trump and “Sucker” Carlson.
That doesn’t mean they wouldn’t have gained more profit if Trump had been honest and not committed fraud.
There’s no evidence the whole cherry tree incident ever happened — it’s folklore.
If your 401-k is, in part, invested in any bank that did business with Trump, you lost value because he undercut the amount of profit that bank would have otherwise gained by lending the money at a more appropriate rate. Your investment was also at risk of loss if Trump had defaulted on the loans (which he has done repeatedly in the past) and the seized collateral assets were insufficient to cover the loss. Just because that loss was not realized, this time, does not excuse the underlying fraud.
When Trump used fraud to secure loans he otherwise could not qualify for, he was unjustly removing capital (a limited resource) from the marketplace that could have otherwise gone to legitimate, honest borrowers.
Not that I’m a fan of big banks, but by lying about the value of assets being used for collateral, he fraudulently reduced the interest rates he was paying, lessening the return available to investors in those banks.
By deflating the value of assets, he fraudulently reduced his tax obligations, enriching himself at the expense of the public.
It also put his creditors at risk, as understating the value of properties allowed him to under-insure properties, meaning in the event of a catastrophic loss, contractors he owed money to might not get paid (something he has must experience with), causing them financial damage.
All of this leads to the undeniable fact that Trump unjustly enriched himself through fraud and deceit. If he gained wealth he was not otherwise entitled to, it came from somewhere. Just because it may be difficult to pinpoint a specific victim, he illegally enriched himself.
Additonally, a huge part of the stability of our economic system relies on trust that the system is run on a level playing field, that all are equally served and protected from bad acts. NOT pursuing charges against someone so high-profile who so blatantly defrauded that system generates distrust in the system, which can lead to instability.
Lastly, our justice system is founded on the principle that no one is above or below the law. Once it became clear that he had engaged in far-reaching and persistent fraud it became important, for the sake of our justice system and whatever trust the people may have in it, to see that he did not get away with his fraudulent actions just because he’s a wealthy, prominent individual or because “it’s a victimless crime” or the victims themselves are not sympathetic actors.
Get back to me IF and when that happens.
But very tiny.
After the pandemic, I was hoping to visit the Keys. But I just cannot justify putting any money into that economy as long as the state is run by ignorance and bigotry.