Mayor Taylor To Give BOK $7 Mil for Great Plains

[Double A]

quote:Originally posted by waterboy

quote:Originally posted by YoungTulsan

So is it wrong for an elected servant of taxpayers to give away their tax dollars when it is not legally obligated, or is it not?  Why all the poo flinging in here?

The question IS one of legal obligation. Were you prepared to see an extended legal battle to find out? The potential losses, as enumerated within this thread, were too great for taxpayers and the whole thing is an expensive distraction. You cut your losses and move on.

When it comes to pragmatism vs legality in the business/government world, pragmatists rule. We decided a couple decades ago to elect business leaders rather than idealogues to government leadership, so, this is the result. And its not a bad result. We can always teach them idealogy during the campaign.[] It is a hard pill to swallow when our leaders screw up but this decision is the correct one.

The claim of unjust enrichment had no merit and could easily have been thrown out. Hence, no liability for the city. You can keep up this ridiculous fear mongering in a pathetic attempt to justify this settlement, but no one is buying it. The Mayor rushed this through without even so much as discovery, which is the hight of hypocrisy considering that the Mayor forced out City Attorneys for not appealing a judgment against the city that was awarded after the case actually went to court, opting not to contest the judgment. Remember her harsh criticism of the handling of that settlement in that case. Why the double standard here? That pales in comparison to the way she handled this settlement. If she has a shred of integrity, credibility, or professionalism she should resign and hold herself to the same standards she holds her team. If she's gonna talk the talk, she should walk the walk.

[waterboy]

After separating out your hyperbole, the question remains. How many people are willing to engage in a protracted legal battle to see who is right and who is responsible? I know you are AA just to get the mayor, but is there anyone here who actually thinks that
A. BOK would lose the suit?
B. BOK would settle for less than the 7mil.? When a lost court case could double the bill with interest accrued?
C. That the taxpayer doesn't end up paying no matter which public entity pays the loan?

If so, then mobilize the public and prepare for battle. Not saying it doesn't bear more scrutiny and criticism. I don't like the way it was done at all. Reminds me of something Inhofe did with the low water dam. Pretty masterful but deceitful.

[cannon_fodder]

Waterboy, I'm not sure BOk would win the battle.  Was some government entity a guaranteer of the loan, or did we just put on collateral (which was later revoked by the FAA)?  The action was not breach of contract, it was for unjust enrichment... follow the elements of unjust enrichment, and this isn't so simple.

I am not knowledgeable enough to predict who would win, which leads me to my main premise: Why the rush?  

Can't we just slow down and figure out what's going on.  I'm nervous because there are too many interested parties on a deal that is not transparent.    It very well may be that setting the cash on the table and walking is the best way to go, but please explain to Joe Taxpayer why that's the case.  The statements thus far have not convinced me (we have a moral obligation).

I haven't engaged in hyperbole nor conspiracy theories, just what I view as legitimate concerns of a citizen.  Do you see the concerns and can you settle them for me?

[Friendly Bear]

quote:Originally posted by cannon_fodder

Waterboy, I'm not sure BOk would win the battle.  Was some government entity a guaranteer of the loan, or did we just put on collateral (which was later revoked by the FAA)?  The action was not breach of contract, it was for unjust enrichment... follow the elements of unjust enrichment, and this isn't so simple.

I am not knowledgeable enough to predict who would win, which leads me to my main premise: Why the rush?  

Can't we just slow down and figure out what's going on.  I'm nervous because there are too many interested parties on a deal that is not transparent.    It very well may be that setting the cash on the table and walking is the best way to go, but please explain to Joe Taxpayer why that's the case.  The statements thus far have not convinced me (we have a moral obligation).

I haven't engaged in hyperbole nor conspiracy theories, just what I view as legitimate concerns of a citizen.  Do you see the concerns and can you settle them for me?

The Lorton's World just told us at 5:44 p.m. today on their website, unintentionally, of course, why the City's $7 million payment to the bank was needed by June 30, the date of the bank's advance 10-Q.

Like many banks, they are showing more problem loans due to the slow down in commercial and residential real estate nationwide.

Luckily for them, their earnings are not yet really being hammered like the Money Center banks like Citibank, Deutsches Bank, etc.

But, they are diverting away more of their earnings into their bad debt account, presumably for what they think lies ahead.

And, their stock in now at the low end of its 52 week range.

Here's the link:

http://www.tulsaworld.com/business/article.aspx?articleID=20080702_5__BOKFi45302

[MDepr2007]

Why does anyone think that BOK would have taken the city to court after adding the city? There was only one reason the city was added and that was for the deal KT made with BOK. It was never intended to make it to court thus there is no support to argue that the city might have lost in court, when it was never planned to go that far []

By the way thanks Tulsa Now for all your support to get KT elected and standing behind sooo much still [B)]

[Double A]

quote:Originally posted by waterboy

I know you are AA just to get the mayor.

I am just holding her to the same standards she holds her team. What's good for the goose, is good for the gander.

[Friendly Bear]

quote:Originally posted by MDepr2007

Why does anyone think that BOK would have taken the city to court after adding the city? There was only one reason the city was added and that was for the deal KT made with BOK. It was never intended to make it to court thus there is no support to argue that the city might have lost in court, when it was never planned to go that far []

By the way thanks Tulsa Now for all your support to get KT elected and standing behind sooo much still [B)]

My understanding is that it was Mayor Taylor that AGREED last week to have the City of Tulsa added as a Defendant.

The City was never directly a defendant until Kathy Taylor agreed to have us added.

[waterboy]

quote:Originally posted by cannon_fodder

Waterboy, I'm not sure BOk would win the battle.  Was some government entity a guaranteer of the loan, or did we just put on collateral (which was later revoked by the FAA)?  The action was not breach of contract, it was for unjust enrichment... follow the elements of unjust enrichment, and this isn't so simple.

I am not knowledgeable enough to predict who would win, which leads me to my main premise: Why the rush?  

Can't we just slow down and figure out what's going on.  I'm nervous because there are too many interested parties on a deal that is not transparent.    It very well may be that setting the cash on the table and walking is the best way to go, but please explain to Joe Taxpayer why that's the case.  The statements thus far have not convinced me (we have a moral obligation).

I haven't engaged in hyperbole nor conspiracy theories, just what I view as legitimate concerns of a citizen.  Do you see the concerns and can you settle them for me?

Wasn't referring to you CF. Mostly AA and those who harbor enmity against KT for a variety of reasons unrelated to this action. I was trying to distill the issues related on this thread into some sort of summary.

Those are good questions, and like I said, she certainly seemed pretty Bushlike in being a "decider" by adding the city to the case then negotiating a deal, take it or leave it.

Meanwhile, the rest of us sit back and scratch our heads or spew vitriol over the process. Beats me whats going on or how to affect it. A little light on the dealings would have been good. The county shenanigans are stealing the light now.

[tim huntzinger]

quote:Originally posted by waterboy


The county shenanigans are stealing the light now.

Funny timing on all that, no? Just as the City (read, Mayor) becomes embroiled in the Great Plains boondoggle the Murphy Mafia story pops up.     Convenient!

[Gold]

[Double A]

quote:Originally posted by waterboy

quote:Originally posted by cannon_fodder

Waterboy, I'm not sure BOk would win the battle.  Was some government entity a guaranteer of the loan, or did we just put on collateral (which was later revoked by the FAA)?  The action was not breach of contract, it was for unjust enrichment... follow the elements of unjust enrichment, and this isn't so simple.

I am not knowledgeable enough to predict who would win, which leads me to my main premise: Why the rush?  

Can't we just slow down and figure out what's going on.  I'm nervous because there are too many interested parties on a deal that is not transparent.    It very well may be that setting the cash on the table and walking is the best way to go, but please explain to Joe Taxpayer why that's the case.  The statements thus far have not convinced me (we have a moral obligation).

I haven't engaged in hyperbole nor conspiracy theories, just what I view as legitimate concerns of a citizen.  Do you see the concerns and can you settle them for me?

Wasn't referring to you CF. Mostly AA and those who harbor enmity against KT for a variety of reasons unrelated to this action. I was trying to distill the issues related on this thread into some sort of summary.

Those are good questions, and like I said, she certainly seemed pretty Bushlike in being a "decider" by adding the city to the case then negotiating a deal, take it or leave it.

Meanwhile, the rest of us sit back and scratch our heads or spew vitriol over the process. Beats me whats going on or how to affect it. A little light on the dealings would have been good. The county shenanigans are stealing the light now.

Thanks for finally admitting what is so painfully obvious, that you are completely clueless about what's going on, just like the others out there trying to defend Da Mare with B.S. premises for their lame donkey arguments.

[Friendly Bear]

quote:Originally posted by Gold

Pretty good likeness.

Do you still have the little pussy?

[waterboy]

quote:Originally posted by Double A

quote:Originally posted by waterboy

quote:Originally posted by cannon_fodder

Waterboy, I'm not sure BOk would win the battle.  Was some government entity a guaranteer of the loan, or did we just put on collateral (which was later revoked by the FAA)?  The action was not breach of contract, it was for unjust enrichment... follow the elements of unjust enrichment, and this isn't so simple.

I am not knowledgeable enough to predict who would win, which leads me to my main premise: Why the rush?  

Can't we just slow down and figure out what's going on.  I'm nervous because there are too many interested parties on a deal that is not transparent.    It very well may be that setting the cash on the table and walking is the best way to go, but please explain to Joe Taxpayer why that's the case.  The statements thus far have not convinced me (we have a moral obligation).

I haven't engaged in hyperbole nor conspiracy theories, just what I view as legitimate concerns of a citizen.  Do you see the concerns and can you settle them for me?

Wasn't referring to you CF. Mostly AA and those who harbor enmity against KT for a variety of reasons unrelated to this action. I was trying to distill the issues related on this thread into some sort of summary.

Those are good questions, and like I said, she certainly seemed pretty Bushlike in being a "decider" by adding the city to the case then negotiating a deal, take it or leave it.

Meanwhile, the rest of us sit back and scratch our heads or spew vitriol over the process. Beats me whats going on or how to affect it. A little light on the dealings would have been good. The county shenanigans are stealing the light now.

Thanks for finally admitting what is so painfully obvious, that you are completely clueless about what's going on, just like the others out there trying to defend Da Mare with B.S. premises for their lame donkey arguments.

Eerie isn't it? Kind of like looking in a mirror. How do you get through each day without a good asskicking?[}:)]

[Wrinkle]

I'd like confirmation by someone with specific knowledge that the $7.1 million transaction has not yet occurred. Since the 'emergency' resolution failed, action could not occur sooner than 30 days, or around July 27.

[Gold]

quote:Originally posted by Friendly Bear

quote:Originally posted by Gold

Pretty good likeness.

Do you still have the little pussy?

I gave it to you and KT when I took that picture of you.

[:O]