Post #15291 by Dope1 on the US Policy board

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If you're referring to the recent proceeding, it wasn't a criminal trial. It was civil fraud.

Okay, I'll rephrase: I'm not sure how you haul some sap in front of a judge without actual harm taking place, but there goes New York.

Second, there was actual harm. If you fraudulently deceive a lender about the value of your collateral, you can receive a lower interest rate than if you were truthful.

Sure. If that's what happened here, but that's not what happened here.

Per your point, what is the bank's incentive with respect to asset valuation?

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