Trump Exaggerated Wealth to Boost Yearly Ranking, Cohen Says

The transcript discusses the inflation of assets and revenues with the knowledge and direction of Mr. Trump. It explains the purpose behind inflating assets, such as improving Trump's ranking on the Forbes wealthiest list and reducing insurance premiums. Financial statements were used to demonstrate Trump's net worth to media and insurance companies. The transcript also touches on the use of inflated assets to secure loans from banks, specifically mentioning Deutsche Bank in an attempt to bid on the Buffalo Bills.

Can you explain the process of how assets were valued according to the text?

What was the implication of providing inflated assets to a bank?