Comments by "gerhard7" (@gerhard7323) on "WATCH: Trump Ignores Questions From Reporters As He Enters The Courtroom For His NYC Fraud Trial" video.

Genuine question this. Is there anyone out there who can explain why a borrower gets to put a valuation on their own collateral when applying for a loan and the lender - in this case lending millions - doesn't perform any due diligence on those claimed by the borrower values? Is this something unique to the US?
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