Great Plains Suit Refiled

[Oil Capital]

Because she negotiated a settlement for far less?

She had nothing to do with making the loan or the airline.

She negotiated a settlement that did not settle anything.  She failed to resolve the issue.  I didn't say she had anything to do with making the loan.  But between her and the current mayor, (which is what I was posting about), she clearly failed at resolving it and left the mess for her successor.

[Red Arrow]

You can't make the connection or understand the sarcasm  because you are a conservative. 

Around here you need to speak (write) in either English or Spanish, not Leftie.

[guido911]

I think this is the link to the civil action.

http://www.oscn.net/applications/oscn/GetCaseInformation.asp?submitted=true&viewtype=caseGeneral&casemasterID=2603952&db=Tulsa

[rdj]

Wasn't Kathy on the board of BOKF when this loan was made?

The settlement she struck was annulled by the OK Supreme Court.  That is why it's still going.

[Vision 2025]

Wasn't Kathy on the board of BOKF when this loan was made?

The settlement she struck was annulled by the OK Supreme Court.  That is why it's still going.

I seriously doubt that they went here just for the pleasure of getting slapped around in there home town, I would speculate that should BOK not persue all avenues available to them on this issue that they could be in violation of some Banking Regulation.

[rdj]

I seriously doubt that they went here just for the pleasure of getting slapped around in there home town, I would speculate that should BOK not persue all avenues available to them on this issue that they could be in violation of some Banking Regulation.

I'm not sure what your reply has to do with my post.

You are correct.  BOKF has two options.  Write off the debt, not a good solution.  Bank examiners and shareholders don't appreciate such large charge-offs when it appears a repayment source still exists even if it is a "hometown discount."  Or, they can seek repayment thru whatever means it takes, guarantors, related parties, liquidation of collateral, etc.  They are doing just that.  Citizens shouldn't be upset with BOKF for doing what they are chartered to do, accept deposits, loan those deposits out while protecting the best interests of their depositors and shareholders.  They can only be upset with the decision makers that agreed to the loan and possibly BOKF for making it.  But, BOKF was attempting to do something that appeared to be good for the community and make a little money.  Who can fault them for that?

[RecycleMichael]

I don't find fault with Bok for trying to get their money. I assume that would be part of their responsibility as a bank.

I also feel like the Tulsa Airport does owe the money. I don't know all the particulars, but it seems like they agreed to be a signer on the note. If that means that the City of Tulsa needs to pay the bank, that is what should happen.

On a side note, The guy who owns the bank has been real generous with his money. He has really stepped up and gives this amount back to the community every few weeks. I know they are not related, but we should really try to make such a benevolent guy happy whenever we can.

[Vision 2025]

I'm not sure what your reply has to do with my post.

You are correct.  BOKF has two options.  Write off the debt, not a good solution.  Bank examiners and shareholders don't appreciate such large charge-offs when it appears a repayment source still exists even if it is a "hometown discount."  Or, they can seek repayment thru whatever means it takes, guarantors, related parties, liquidation of collateral, etc.  They are doing just that.  Citizens shouldn't be upset with BOKF for doing what they are chartered to do, accept deposits, loan those deposits out while protecting the best interests of their depositors and shareholders.  They can only be upset with the decision makers that agreed to the loan and possibly BOKF for making it.  But, BOKF was attempting to do something that appeared to be good for the community and make a little money.  Who can fault them for that?

Sorry the last sentence of your original post ("That is why it's still going.") is what I responded to, should have cut the quote to just that.

[heironymouspasparagus]

You got kind of a 'kinky' side, don't ya??  You're really likin' that hippo just a little bit too much....

[guido911]

You got kind of a 'kinky' side, don't ya??  You're really likin' that hippo just a little bit too much....

Gasman is running with what I hope becomes the TNF meme when it comes to @ssclown.

[heironymouspasparagus]

Gasman is running with what I hope becomes the TNF meme when it comes to @ssclown.

It's kind of a mildly amusing video....just shows that humans never outgrow the 5 year old frame of mind that enjoys potty humor so much.