All right, Alexander, let's discuss the Trump legal case in New York, where he has been found guilty in New York for his asset valuations.

All right. What if... Well, where did you begin? all right what well what to begin I guess I guess putting it very simply they're saying that he committed fraud to the banks by overvaluing his assets and thus received loans on overvalued properties.

I've never heard of a bank in my life that has not done its due diligence or is not contracted

somewhere that doesn't have partners to do due diligence on businesses or high net worth

individuals before they enter into some sort of a loan or cooperation with that person.

But what are your thoughts on this?

Well, can I just say I have been involved in this kind of thing, and I find this one of the oldest cases, one of the most bizarre cases I've ever encountered.

First of all, it's important to say that Trump has repaid all the loans that we're talking about.

So it's not as if any of the banks which we're talking about have been actually have lost any money on any of this.

As far as I also understand it, the complaints didn't actually come from the banks themselves. Thirdly, the judge is placing, as far as I can understand, all of Trump's assets in New York, into receivership.

Now, receivership, as far as I'm aware, this is the case in Britain, happens when someone is bankrupt or business is insolvent.

How can we talk about insolvency or bankruptcy in a situation

where all the loans have been repaid?

I mean, again, it doesn't make any kind of sense to me.

I mean, it seems to me most bizarre.

But the thing that is most bizarre of all is that the judge says that Trump inflated the value of his properties,

and perhaps on a sliding scale, he was generous in his estimate of some of the

valuations of his properties which isn't unusual if everybody who did that kind of thing

were charged with fraud well an awful lot of people who own properties and who sought loans

might find themselves you know in prison or worse.

But anyway, having said that about Trump, on the one property which one can talk about with some

degree of confidence, which is Mar-a-Lago, the judge has given a valuation, which is far lower than, you know, the overvaluation that he's

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