Literally everyone up-estimates the value of their holdings when applying for a loan.

New York State just decided this is illegal, and in fact a crime worth a $355 million penalty.

Just kidding -- this rule will not be applied to anyone else. This is yet another Trump Only Law.

A New York judge ordered Donald Trump and his companies on Friday to pay $355 million, finding they engaged in a yearslong scheme to dupe banks and others with financial statements that inflated his wealth.

Trump won't have to pay out the money immediately as an appeals process plays out, but the verdict still is a stunning setback for the former president.

If he's ultimately forced to pay, the magnitude of the penalty, on top of earlier judgments, could dramatically diminish his financial resources. And it undermines the image of a successful businessman that he's carefully tailored to power his unlikely rise from a reality television star to a onetime -- and perhaps future -- president.

Which was the whole point, of course.

Thanks to Robert.