To the editor: I am a lifelong registered Democrat, based solely on most of the important positions taken by the party. I have no sympathy for anyone, Democrat or Republican, who breaks the law. (“How New York’s Massive Corporate Fraud Verdict Will Do Real Damage to Trump’s Empire,” Opinion, February 16)
In the legal cases facing former President Trump, he should have to pay the penalty, if convicted, to the full extent of the law, including prison time for criminal cases.
As for the New York civil trial, I agree with the conclusion that Trump was responsible for lying about the value of his real estate assets to obtain preferential loan rates from various banks. But I don't agree with the judge's order that he pay a $355 million fine.
Who were the victims of Trump's fraud?
I was a banker for over 20 years. My positions included commercial loan officer and vice president. Without exception, anyone applying for a major loan and showing that his real estate is a major asset, appraisals are required.
Since the banks in question received money, I fail to understand who the victims are in this case.
Bob Bergman, Newbury Park
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To the editor: I am disturbed that Trump supporters claim there were no victims in his efforts to defraud financial institutions.
Our economy works thanks to the availability of credit. The basis of credit is trust. If we followed Trump's business model, our economy would implode.
This man is a leading presidential candidate and is required to have a monitor overseeing his financial transactions. This scares me more than President Biden's age.
June Thompson, Los Angeles
