Mayor Taylor To Give BOK $7 Mil for Great Plains

[cks511]

SO, we, the taxpayers are just pretty much screwed right?  Right.  Just because I'm the shallow person I am, I was wondering if this would have happened if we gave kaiser the river?  Is this Plan B?......LOL.

[zstyles]

I think Michael Bates says it best on his blog today -

"The City of Tulsa doesn't owe this money to BOk, and paying it is against the law. The Mayor and the City Attorney and any councilor that votes in favor of tonight's resolution will be personally exposed to a qui tam action filed by taxpayers under 62 O.S. §372 and §373."

magine I'm having coffee with Mayor Taylor one day, and she remarks, "You seem sad, Michael. What's wrong?"

"I lent someone $7,000 to help start a new business. The business went broke. I sued the guy, but he doesn't have any money. Another guy cosigned the loan and pledged some collateral, but it turns out he doesn't really own the property, so he can't cover the loan either. I should have known the collateral wasn't his, but I didn't think about it before I lent him the money. Anyway, looks like I'm out seven grand."

"I think I can help you, Michael. Just add the City as a defendant to your lawsuit."

"But the City isn't involved...."

"Doesn't matter. You're my friend, and I can help you. Just file an amended petition against the city, cite any old grounds -- make something up. I'll direct the City Attorney to settle out of court for the full amount. The Council will have to approve taking the money out of the sinking fund, but they're pushovers. They don't like to give the newspaper an excuse to call them bickering obstructionists."

"Won't that raise our property taxes?"

"You know, Michael, it's just pennies per taxpayer, and you're such a valuable asset to our community, you deserve it."

[Rico]

quote:Originally posted by cks511

SO, we, the taxpayers are just pretty much screwed right?  Right.  Just because I'm the shallow person I am, I was wondering if this would have happened if we gave kaiser the river?  Is this Plan B?......LOL.

Funny....

It was rumored at the time BOK purchased the "naming rights" to the Arena that they were merely passing the money to "Billy" so it could be given back to them...
Maybe they are looking at a very long term free rental agreement at the OTC "New City Hall"...
just kidding...........[]

But this does begin to make a very good case as to why this should be settled. The sooner the better.
It would remove any speculation as to a conflict of interest in future dealings with Mister Kaiser. He deserves that.

The amount of garbage being shoveled in this thread was just as prevalent during the LaFortunate term...

Anyone caring to read some facts as to the case...?  See  the following.

[Conan71]

quote:Originally posted by Chris Medlock

quote:Originally posted by tim huntzinger

The smell? You been using mouthwash today? JUST KIDDING!!

So Taylor is protecting Studenny's insurance company bc she used to be on the BOK's Board so he does not fink out the TIA? Wait, what?

Hmm...sorry about the smell remark, I didn't notice you came in the room. Just kidding!!!

Studenny's practice would be substantially damaged by a negative judgment against his insurance. Would he be able to get it for future business? How much more would premiums be? Not to mention opening the door for Bar Association sanctions. No body wanted Studenny talking.

Studenny needs to face the consequences of his incompetence.  Covering his donkey with $7mm in "hush money" from the city is absolute corruption.

I found the new lawsuit filed on Susan Savage yesterday when I was looking for info on the Studenny case on OSCN.  Any indications at all if it's related?  I found it odd that happened on the same day COT was added as a defendant on the GP lawsuit.

[FOTD]

Rico gets the best constructive post of the day on this thread.... two days in a row Rico!

It's time for the end game on this issue. Medlock and Bates will no doubt continue with gathering the tar and feathers.

[tim huntzinger]

quote:Originally posted by FOTD

Rico gets the best constructive post of the day on this thread.... two days in a row Rico!

It's time for the end game on this issue. Medlock and Bates will no doubt continue with gathering the tar and feathers.

-1.

[cannon_fodder]

I guess I'm confused Rico and AOX.  This is a mess, so pay the money and so we don't have to worry about it?

We are talking about $7,000,000.00 here.  More money than most Americans will make their entire life.  Why not give this a closer look at least?

I guess I haven't heard a coherent argument as to why we should pay it.  I'm not dead-set against it, perhaps I just don't understand.  Convince me otherwise.

[FOTD]

"We are talking about $7,000,000.00 here. More money than most Americans will make their entire life."
Good comparison.....not even rational.[]  And you wonder why some of us won't go for your worms and other baited threads (or should that be threats?).

You evidently are like your Fox counterparts Bates and Medlock. You don't want to be fair, you are unbalanced and fear dead air.[]

[waterboy]

Wait a minute. I'm a little confused as well. My wife asked me this evening just why we were having to pay for this Great Plaines thing. Our real estate taxes go up again and we don't have anything to show for it.

Good question. BOK was lead on by unscrupulous borrowers who really didn't have the title to collateral and suddenly disappear leaving the bank holding the bag. Just like when the bank has to go repossess a car and the car is gone and no paperwork exists to prove a car was ever purchased. Whoops, burned. Except all the principals seem to have skated on this one and my real estate tax is increased to cover the losses of the richest man in town. Yeah, its clear now.

edit with anger slowly subsiding...About the only thing that does make sense to me is that there does seem to be a moral case for doing the right thing. We put our trust in these elected officials to represent us and they failed to do so without reneging on a deal. However, if it is "unjust enrichment" just how were we enriched and why don't I feel enriched?

[Friendly Bear]

quote:Originally posted by FOTD

"We are talking about $7,000,000.00 here. More money than most Americans will make their entire life."
Good comparison.....not even rational.[]  And you wonder why some of us won't go for your worms and other baited threads (or should that be threats?).

You evidently are like your Fox counterparts Bates and Medlock. You don't want to be fair, you are unbalanced and fear dead air.[]

Why pay?  It is NOT a City of Tulsa liability. NEVER was.

Ms. Chatty Kathy Taylor needs to attain higher office.   Badly.  

Governor, Sinator, etc.

Unless she gets $7 million for greedy KAISER, who is the richest man in Oklahoma, her political future is curtains.

Now, she gets a blank cheque from Mssr. Kaiser and his cronies to ensure her future political viability.

And, we pay the freight.  Again.

Swell.


[]

[Conan71]

quote:Originally posted by FOTD

"We are talking about $7,000,000.00 here. More money than most Americans will make their entire life."
Good comparison.....not even rational.[]  And you wonder why some of us won't go for your worms and other baited threads (or should that be threats?).

You evidently are like your Fox counterparts Bates and Medlock. You don't want to be fair, you are unbalanced and fear dead air.[]

No, let's be serious here for a minute and get past the personal lampooing.  If Studenny had EOI, and his blunder is what got everyone's tit in a wringer over the airport property with the FAA, they need to pay, not taxpayers.  

The idea that the citizens of Tulsa should be held liable for the either a)ignorant conduct,  b)willful misconduct, or c)outright fraud committed by Studenny is ludicrous.  Lending is not a risk-free business and BOK knows that.

For those amongst us born with a silver spoon up our donkey, Cannon's analogy is easy to brush off.  To the average work-a-day Joe driving home and hearing about this sudden $7mm payment, that's a lot of money.

Your attitude is "Feh, just give the bank their money."  

I've never been adjudged a millionaire so $7mm sounds like a lot of money to me.  Even if it's not all mine, a share of that is, and I didn't create this ****-up.  An attorney in the employ of the city did.  He has insurance just for these ****-ups and there are mechanisms to remove boobs like him from being able to practice law again.

I think a lot of people look at government expenditures and think: "Good thing it's not my money!"  

D'OH!

[Friendly Bear]

quote:Originally posted by Conan71

quote:Originally posted by FOTD

"We are talking about $7,000,000.00 here. More money than most Americans will make their entire life."
Good comparison.....not even rational.[]  And you wonder why some of us won't go for your worms and other baited threads (or should that be threats?).

You evidently are like your Fox counterparts Bates and Medlock. You don't want to be fair, you are unbalanced and fear dead air.[]



Just a guess, mind you.

June 30, the bank needs to file its quarterly financial statement with the SEC.

If they can show a sizeable RECOVERY in their Reserves, so much the better for their stock price.

Otherwise, aren't commercial and residential real estate loans TANKING badly nationwide, leading to large loan write-offs in many banks?

The $7 million from the City of Tulsa goes a long way to augmenting the bank's possibly depleted reserve for bad debts.

Ouch!

No, let's be serious here for a minute and get past the personal lampooing.  If Studenny had EOI, and his blunder is what got everyone's tit in a wringer over the airport property with the FAA, they need to pay, not taxpayers.  

The idea that the citizens of Tulsa should be held liable for the either a)ignorant conduct,  b)willful misconduct, or c)outright fraud committed by Studenny is ludicrous.  Lending is not a risk-free business and BOK knows that.

For those amongst us born with a silver spoon up our donkey, Cannon's analogy is easy to brush off.  To the average work-a-day Joe driving home and hearing about this sudden $7mm payment, that's a lot of money.

Your attitude is "Feh, just give the bank their money."  

I've never been adjudged a millionaire so $7mm sounds like a lot of money to me.  Even if it's not all mine, a share of that is, and I didn't create this ****-up.  An attorney in the employ of the city did.  He has insurance just for these ****-ups and there are mechanisms to remove boobs like him from being able to practice law again.

I think a lot of people look at government expenditures and think: "Good thing it's not my money!"  

D'OH!

[inteller]

If anyone knows of a lawyer experienced in qui tam cases please forward their information to me.


I am serious.  


After what I watched take place tonight, a qui tam suit is only a start.  It is time to bring in the state and maybe even the feds on CoT.  Corruption reached all new heights this evening.

[Friendly Bear]

quote:Originally posted by inteller

If anyone knows of a lawyer experienced in qui tam cases please forward their information to me.


I am serious.  


After what I watched take place tonight, a qui tam suit is only a start.  It is time to bring in the state and maybe even the feds on CoT.  Corruption reached all new heights this evening.

They NEED to FEED their GREED.

[inteller]

quote:Originally posted by Friendly Bear

quote:Originally posted by inteller

If anyone knows of a lawyer experienced in qui tam cases please forward their information to me.


I am serious.  


After what I watched take place tonight, a qui tam suit is only a start.  It is time to bring in the state and maybe even the feds on CoT.  Corruption reached all new heights this evening.

They NEED to FEED their GREED.

If you know a lawyer experienced in qui tam matters please forward their name to me.

Per  §373 I need nine others to join me on qui tam action, so if you know anyone else that would like to join me in the endeavor forward their names to me.