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RE: From the BBC fact checkers (noted Trump supporters):
Posted on: October 4, 2023 at 13:31:13 CT
*M* KC
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Doesn’t change or affect anything I’ve been saying.
Lenders and insurers charge interest or premiums based on their assessment of the risk they are assuming. One thing they use to evaluate the risk is information provided by the borrower/insured. If the borrower/insured lies, so as to make the risk appear less than it actually is, that can cause the lender/insurer to charge less. The lender/insurer thereby makes less money.
The lie is the fraud, and the money differential is the damage
I have no idea if the statute does or does not require victims. But it is a fact that if trump lied about his assets, there were victims who suffered damages
Lenders and insurers charge interest or premiums based on their assessment of the risk they are assuming. One thing they use to evaluate the risk is information provided by the borrower/insured. If the borrower/insured lies, so as to make the risk appear less than it actually is, that can cause the lender/insurer to charge less. The lender/insurer thereby makes less money.
The lie is the fraud, and the money differential is the damage
I have no idea if the statute does or does not require victims. But it is a fact that if trump lied about his assets, there were victims who suffered damages
Please explain why this message is being reported.
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RE: From the BBC fact checkers (noted Trump supporters): - *M* KC - 10/4 13:31:13