Nonilex#NYAG shows footnote 21 from Judge #Engoron’s #SummaryJudgement re #Lostlnterest.
It’s from the section ordering the #dissolution of #Trump's corporate entities.
“The subject loans made the banks lots of money; but the fraudulent SFCs cost the banks lots of money. The less collateral for a loan, the riskier it is, & a first principal of loan accounting is that as risk rises, so do interest rates. Thus, accurate SFCs would have allowed the lenders to make even more money than they did.”
