Interesting Links for 28-09-2023

[andrewducker]

1. The Plot of All Objects in the Universe

(tags:physics visualisation )

2. There are no good carbon offset schemes. (78% of are worthless.16% are problematic. The remaining 6% don't publish enough data to tell.)

(tags:co2 globalwarming fraud )

3. How common infections can spark psychiatric illnesses in children

(tags:children infection mentalhealth immune_system )

4. A journey into the shaken baby syndrome/abusive head trauma controversy

(tags:babies injury health )

5. Donald Trump defrauded banks for years by exaggerating his net worth

(tags:fraud usa politics republicans )

6. Trying out the first legal level 3 automated driving system in the US

(tags:automation driving usa )

7. Strategic Plan for Holyrood Park (your chance to comment)

(tags:park Edinburgh transport survey )

8. What Is a Woman? (a response)

(tags:women LGBT transgender society viaPatrickHadfield )

Comments

[hairyears]

(5) Trump's bankrupt: a court judgement stating that his property valuations are fraudulent has the immediate effect of invalidating all bonds, loans, and contracts secured on those assets, and repayment falls due immediately.

Worse, he can't wiggle out with a Chapter 11 filing: it's not available for fraudsters and the judgement explicitly describes those valuations as fraudulent.

I can only hope that none of his loans is 'double-counting' one or more of his properties as security for loans.

Meanwhile, I wonder how large the writedowns will be, and which banks will be forced to announce losses.

The creditors who seize those assets will be embroiled in a very complex negotiation - or a court-imposed settlement - as to who gets what, and how much: and they will almost certainly take control of Trump's remaining cash-generating businesses if they sue him for fraud...

And yes, they can do that: liability for defaulting on a loan is not limited to the value of the collateral when fraud is discovered, because the original contract is void.

...So we get to see what else might be fraudulent in Trump's banana republic of a business empire, because any enterprises taken over by a bank are audited.

[andrewducker]

It is a good day