The fraudulent case brought by AG Letitia James and a judge, about alleged fraud by Trump, blows up in their faces when a bank risk officer gives them a reality check about bank lending practices

From here:

I Told You So: Banker Destroys Letitia James' Ludicrous Fraud Charges - The Billings Report

“A Banker Testified That There Was No Fraud In The Loans They Made To President Trump.

.. Nicholas Haigh, who served as a Deutsche Bank risk management officer when Trump was applying for the loans testified in court and he did James no favor.

Haigh related exactly how the loans went down and what problems they were able to work out with Trump. One thing you need to understand is that banks do not count collateral by how much they can sell it for in case of default.

They discount it, knowing they cannot sell the assets for the full value unless they are willing to sit on it for an extended period of time and that does not work for them.

There were a couple of properties that were overvalued as far as the loans were concerned, but they were able to reach an agreement with Trump based on a quick sale of assets rather than the full market value.

He explained the complicated procedures in granting a loan and what they needed to decide to give Trump the loans. He went on to say that the loans played out exactly how they intended them to.

His bank was paid in full with interest and all parties were happy with the results. There were no victims and no crimes, so why did James bring charges? because she is much more concerned with politics than protecting NY citizens from real and violent crimes.”

The article cites Hot Air

Banker: We had "sanity checks" on Trump's loans – HotAir

which states:

“Contrary to the prosecution’s claims that Donald Trump had somehow pulled a fast one on the banks, Haigh testified that they frequently gave “sizable haircuts” to the values that Trump’s attorneys assigned to his properties. That’s what Haigh referred to as “sanity checks.”

When Trump claimed his total worth was $4.3 billion, Deutsche Bank trimmed it down to $2.5 billion. (That’s a rather hefty “trim,” isn’t it?) Of Trump’s financial standing, Haigh testified that the “representations of the assets and liabilities were broadly accurate.”

“When estimating the value of undeveloped property that Trump was seeking a loan to develop, Deutsche Bank knocked 75% off of Trump’s claim in one case. They similarly slashed Trump’s claimed value of his golf courses in at least one instance.

 In the end, both parties agreed to the terms. The loans were made and they were repaid on schedule.”

I doubt this will make any difference to the financially (p)ignorant attorney general and judge, but we will see.

Onwards!

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