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Behind the Letitia James hit attack against Donald Trump

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Recent York Attorney General Tish James remains to be basking within the glory of her “sweeping” lawsuit against Donald Trump. “Sweeping,” in case you don’t know, is the very Timesian solution to signify absolutely anything deemed impactful by the people on the Gray Lady. Read the case’s paperwork in all its often-excruciating detail and also you, too, is perhaps tempted to imagine James did such a bang-up job that the Don­ald’s next stop is the presidential suite in Sing Sing. 

Yes, James spent three years putting together the case and he or she appears to have snooped out every alleged fabrication Trump has ever made in his long history as an actual estate developer and serial exaggerator. So give her an “A” for effort for attempting to indicate that Trump committed bank fraud by bloviating in regards to the value of his various properties so as to ­receive favorable loan terms. 

OK, I’m no fan of lying (or bank fraud), but before passing judgment on the previous president’s guilt, it might be sensible to talk to some people in the actual estate business about what goes on of their neck of the woods. 

Removed from being surprised in regards to the vast scope of Trump’s alleged deception, they were all amused that the story received such breathless attention from allegedly smart people within the chattering class. 

The lawsuit breaks down every instance of fraud in the state. Letitia James has built up her case against Trump and his family for years. AP

The explanations: Everyone within the business, and most of all Trump’s bankers, know he’s a blowhard. (In spite of everything, this can be a guy who aggrandized ­his net value and prowess within the sack.) Those bankers also do their very own homework and ignore what’s on loan applications — particularly those from someone with Trump’s rep. 

Furthermore, Trump is hardly alone in a business full of BS artists, which is why they are saying the case needs to be laughed out of court. 

It won’t be, in fact. James would be the most partisan Democratic prosecutor within the country, but Recent York state courts are full of like-minded judicial types who also think Trump must rot in jail. Even worse objective evidence abounds of James pushing the boundaries in using her office to advance her political goals. 

Conflict of interest 

Recall: She successfully ran for AG 4 years ago on a platform that included finding something, anything, to bring Trump down when he was the Republican president. No higher solution to win over the state’s Dem base than by bashing someone as loathed as The Donald, even when it’s now a whopper conflict of interest for her to bring a case. 

Also recall: When she was toying with running for governor in 2021, she issued a curiously timed report on Andrew Cuomo’s sexual-harassment allegations that forced her fellow Dem from office. Say what you would like about Cuomo, but having James turn that screw will endlessly taint the rationale behind his resignation. 

Crime, in fact, is a difficulty that state AGs should care about, particularly crimes where persons are killed on the streets of Recent York state’s crime-ridden cities or those crimes that cost taxpayers money. 

The lawsuit chronicles many of the very public instances of Trump's fraud. James’ lawsuit didn’t have any shocking information inside it to many sources near Trump. AP

The Trump case is neither, all of which makes James a hack within the worst tradition of the office. That’s saying something, since past office holders include the maniacal and power-hungry Eliot Spitzer, who used the publicity of some spurious AG prosecutions of business leaders to change into governor. That was before he was forced to resign after being caught together with his pants down and his socks up with prostitutes. 

For the sake of argument, let’s say that James accurately cites every alleged fib and fabrication Trump put in those loan documents. (I couldn’t help but chuckle at a few of his documented boasts, including embellishing, by a mere 20,000 square feet, the dimensions of his triplex apartment in Trump Tower.) 

Does that make Trump a criminal? 

The reply from experts: Probably not, and it’s probably not even close. Again, real estate pros tell me such boasts are de rigueur within the business and most probably would never be prosecuted ­unless your name is Trump and the prosecutor is Tish James. 

John Myers, the retired head of GE Asset Management who accomplished scores of such transactions working under the legendary CEO Jack Welch, put it this fashion: “These high valuations might not be true however the banks and other sophisticated financial institutions do their very own due diligence on valuations and mainly could care less what Trump’s valuation

was. Plus, the loans were all repaid, so who was the victim?” 

‘Subjective’ valuations 

Myers also points out that real estate “valuations themselves are subjective in nature” so there’s room for Trump to indulge his inner blowhard on loan applications. 

This lawsuit is an election stunt to motivate base voters. My bet: James also knows her “sweeping” case will likely flame out but only after she’s re-elected as AG in November and preparing for ­one other run for governor.

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