The Media Industry

Garmel said:
How does the bank not know the true value of the property? I'm not seeing how this would work. If Trump is undervaluing his property the bank can see that easily and not accept his appraisal of it. Any research by the bank will show Trump is trying to fraud the bank. Are these banks just incompetent?
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They can't see it easily. especially with Commercial real estate. the value is what the market will bear and that is driven by rents. The bank asks borrowers to provide income statements and then they ask you to attest to the veracity of these statements and then they tell you that IT IS A CRIME to lie on these statements. Do other people lie, yes of course they do. And those people are committing a crime also. Banks have a slue of due diligence they can do but if you are willing to commit fraud, you can get past some of it. If you really wanted to, you could use a software program to generate a really sophisticated paystub for your residential lender that showed way more income than you really make. But that is fraud, and that is a crime and if caught, you will go to jail and or pay a big fine.
 
BrntOrngStmpeDe said:
They can't see it easily. especially with Commercial real estate. the value is what the market will bear and that is driven by rents. The bank asks borrowers to provide income statements and then they ask you to attest to the veracity of these statements and then they tell you that IT IS A CRIME to lie on these statements. Do other people lie, yes of course they do. And those people are committing a crime also. Banks have a slue of due diligence they can do but if you are willing to commit fraud, you can get past some of it. If you really wanted to, you could use a software program to generate a really sophisticated paystub for your residential lender that showed way more income than you really make. But that is fraud, and that is a crime and if caught, you will go to jail and or pay a big fine.
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I do have commercial property and it doesn't look that hard to me. I can see lying about income being illegal but that's not what we've been talking about on the boards here.
 
Garmel said:
I do have commercial property and it doesn't look that hard to me. I can see lying about income being illegal but that's not what we've been talking about on the boards here.
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ok. fair enough, but I have done Lending on both residential and commercial property and I can tell that it is hard to know all the details. You rely a great deal on the customer to provide you data and then you tell them that lying on the application IS A CRIME. It doesn't mean that you don't also try to independently verify the info but some of it is very difficult to validate and you do rely on honest disclosure by the borrower. Borrower fraud is most definitely a thing, and it is most definitely a crime.
 


If you can't see it on facebook....

_______________________

This is a wild story, Raheem Kassam looked into who fact checked one of his posts that got flagged on FB/Instagram and found it was outsourced to some ragtag outfit no one’s ever heard of in India.

Here’s the link:
A Google-Funded 'Fact Check' Team Appears to Be a Handful of Potentially Non-Existent Indians in an Impoverished Town Near Bangladesh.

Indeed, if you go to their website their “research team” is less than impressive. The executive editor touts being a “seasoned journalist with over 18 years of experience,” but when you click on his LinkedIn, it turns out he only has a couple years in questionable outlets.
Editorial & Medical Advisory Team – THIP

Other members are even worse. Their head researcher’s “12 years of work experience” primarily includes 11 years as a content writer, “Providing content support for digital marketing campaigns.”

Another fact checker has a laughably vague resume; “10 years of experience working as a professional in multiple industries including events and training.” With no LinkedIn, photo or other corroborating info. It’s legitimate to wonder where these people came from or if they even exist.

Don’t get me wrong, rag tag groups of fact checkers are fine! Get out there, try to make a name for yourself and grow an audience. But this one is funded by Google, and is used by giant social media companies to flag posts, when no one has ever heard of them, which is a bit creepy.
 
Statalyzer said:


If you can't see it on facebook....

_______________________

This is a wild story, Raheem Kassam looked into who fact checked one of his posts that got flagged on FB/Instagram and found it was outsourced to some ragtag outfit no one’s ever heard of in India.

Here’s the link:
A Google-Funded 'Fact Check' Team Appears to Be a Handful of Potentially Non-Existent Indians in an Impoverished Town Near Bangladesh.

Indeed, if you go to their website their “research team” is less than impressive. The executive editor touts being a “seasoned journalist with over 18 years of experience,” but when you click on his LinkedIn, it turns out he only has a couple years in questionable outlets.
Editorial & Medical Advisory Team – THIP

Other members are even worse. Their head researcher’s “12 years of work experience” primarily includes 11 years as a content writer, “Providing content support for digital marketing campaigns.”

Another fact checker has a laughably vague resume; “10 years of experience working as a professional in multiple industries including events and training.” With no LinkedIn, photo or other corroborating info. It’s legitimate to wonder where these people came from or if they even exist.

Don’t get me wrong, rag tag groups of fact checkers are fine! Get out there, try to make a name for yourself and grow an audience. But this one is funded by Google, and is used by giant social media companies to flag posts, when no one has ever heard of them, which is a bit creepy.
Click to expand...

Sounds to me like they are screwing google as well. Funded by google is a little aggressive.
 
BrntOrngStmpeDe said:
ok. fair enough, but I have done Lending on both residential and commercial property and I can tell that it is hard to know all the details. You rely a great deal on the customer to provide you data and then you tell them that lying on the application IS A CRIME. It doesn't mean that you don't also try to independently verify the info but some of it is very difficult to validate and you do rely on honest disclosure by the borrower. Borrower fraud is most definitely a thing, and it is most definitely a crime.
Click to expand...
 
BrntOrngStmpeDe said:
ok. fair enough, but I have done Lending on both residential and commercial property and I can tell that it is hard to know all the details. You rely a great deal on the customer to provide you data and then you tell them that lying on the application IS A CRIME. It doesn't mean that you don't also try to independently verify the info but some of it is very difficult to validate and you do rely on honest disclosure by the borrower. Borrower fraud is most definitely a thing, and it is most definitely a crime.
Click to expand...
Again, if you are too dumb to independently verify the value, you deserve what you get.
 
According to WaPo:

On Thursday afternoon, 30 top TikTok stars gathered on a Zoom call to receive key information about the war unfolding in Ukraine. National Security Council staffers and White House press secretary Jen Psaki briefed the influencers about the United States’ strategic goals in the region and answered questions on distributing aid to Ukrainians, working with NATO and how the United States would react to a Russian use of nuclear weapons.

Are they losing control of corporate media or do they realize fewer Americans are tuning into the propaganda networks? Either way, this seems like an extremely deranged move for even this White House. Social media conservatives chimed in.
https://www.washingtonpost.com/technology/2022/03/11/tik-tok-ukraine-white-house/
 
This is frightening. Link. You can't have a free press when government pressure can get a reporter ****-canned without very clear misconduct, which didn't happen here.
 
There is still a good use for the daily newspaper - newsprint is excellent for polishing glass (clean with Windex, wipe streak-free with newsprint). :)
 
WTF??
Stacey Abrams is Keynote Speaker at SXSW?
Srsly I would have hoped even lib Austin would want to hear from someone better informed and less rabid.
Beto is also speaking.
Is SXSW solely a lib event now? No balance?
 
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