1.1 • 2K Ratings
🗓️ 22 February 2024
⏱️ 70 minutes
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0:00.0 | Hello and welcome to the righteous remnant podcast. |
0:06.7 | If you'd like to support our ministry or find out more about us you can do so at the |
0:09.9 | righteous remnant.org. All right. |
0:15.0 | Welcome to the Righteous Remnant Podcast. |
0:18.0 | This week I'm going to touch on a couple of news stories |
0:20.0 | that I think we're kind of a big deal over the past week and then I do want to follow up a little |
0:26.4 | bit on what's going on at IHOP just as I think the whole you know everybody who's part of the |
0:30.5 | prayer movement or you know sympathetic to it is affected by what's going on at |
0:36.2 | I-HOP and with Mike Bickel so I think it's going to be a process so I do want to spend a little |
0:42.3 | time talking about that but first let's talk about the news items. First of all, Trump was sued in a New York court of fraud for fraud. |
0:53.0 | And the idea is this, that he claimed that his property in Florida |
0:58.5 | called Marlago was worth something like $200 million. it might have been more than that but essentially |
1:06.8 | they are saying that he inflated the price of his property to get a loan from the bank because the way it works if you're a real estate developer is that you go to the bank and say hey I'd like to get a loan and |
1:20.2 | You know as collateral there'll be this this property that I own right and this |
1:26.3 | shows that you know I'm getting income from this property so you can tell that I'm |
1:30.0 | good for the I'm good for the loan and then the bank you know they go well you say it's worth |
1:34.9 | $200 million but they go and investigate and they try and they do their due |
1:38.0 | diligence to find out how much they think it's worth right and then they give |
1:41.8 | you a loan based upon you you know, what they find. |
1:44.5 | So that's kind of how, you know, real estate loans work as far as I understand. |
1:48.4 | I'm not a real estate developer by any means. |
1:51.5 | But basically the lawsuit said that Trump basically lied about how much |
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