Turner: BOK to punish North Tulsans tax stand

[tim huntzinger]

Councilor Turner reported on the radio today that an unknown representative from the Bank of Oklahoma informed his office that - because of North Tulsans' opposition to the river tax - Pine/Peoria will not receive promised beautification projects.

Does anyone believe that is true? Can BOK sue him for those statements?

[Hometown]

Beautification of Pine and Peoria is the least of North Tulsa's problems.  Let's talk about sub-prime loans being made to North Tulsans that could easily qualify for standard fixed rate loans.  That's a huge problem in North Tulsa that borders on criminal behavior by lenders.  Turner, let's talk about something that matters.

[Conan71]

Uh, there was a tit-for-tat in Roscoe's support of a southie project.  That's why he's pissed.  He gave his support, now they've jerked him around.  The south Tulsa project wasn't related to the river.

These conditional philanthropists are really starting to piss me and a lot of other people off.

I'm curious how many north Tulsan's are closing accounts at BOK after this week.  I'm not advocating a boycot, but I can see how they would be developing a serious ire for the BOKF.

[cannon_fodder]

HT - selling products to people that are not the best fit is not criminal.  I qualified for a ridiculous mortgage and when I bought a car the dealer wanted to up sell me, I passed on both.  Other folks can do the same.

If they lie about the terms or mislead then yes, it is criminal.  And selling poorly fit products is unfortunate, but the axiom "buyer beware" exited long before sub-prime loans were popular.

[Renaissance]

quote:Originally posted by tim huntzinger

Can BOK sue him for those statements?

BOK can sue if they can prove Turner made the statements knowing they were false or in reckless disregard for their truth.  

In other words, probably not.

[TheArtist]

Heck I had been thinking of doing some sort of art project for North Tulsa but after Turners glee at saying there was nothing in the river plan for North Tulsa and it wouldnt help them.  If thats the way they want to think, so be it. I figure why help north Tulsa if there is nothing in it for me. Donors have given tens of millions if not hundreds of millions to projects, healthcare facilities, childhood development, schools, etc. etc. There were specific Vision 2025 projects, tiff areas, beautification efforts for North Tulsa, more than they could afford on their own. Then they scream the want more, that helping the river wont help them. Well perhaps continuing to help them wont help me.

North Tulsans boycotting BOK? I dont think BOK will sweat losing those "huge" sums. They cant even generate enough income and traffic, or entreprenurial spirit, to open a grocery store. Heck the mexicans have several around town.

[Hometown]

quote:Originally posted by cannon_fodder

HT - selling products to people that are not the best fit is not criminal.  I qualified for a ridiculous mortgage and when I bought a car the dealer wanted to up sell me, I passed on both.  Other folks can do the same.

If they lie about the terms or mislead then yes, it is criminal.  And selling poorly fit products is unfortunate, but the axiom "buyer beware" exited long before sub-prime loans were popular.

It's called predatory lending and there has been a lot of talk about reining it in.  We are talking about Lenders that look for unsophisticated borrowers and then lead them into a subprime loan even though they could qualify for a standard fixed rate loan because the lender makes more money on a subprime.  Tulsa has an unusually high number of subprime loans on the books in both its White and Black communities.  These Tulsans are paying much more interest every month than they had to for the life of the loan.  I've said it before, Tulsa's leading industry is sheering the sheep.

Now, no one is going to do North Tulsa any favors.  They never have.  Tulsans will do something for North Tulsa when they see personal gain in doing so.  Like all the investor groups buying and stockpiling homes in North Tulsa because that's the only place left to develop in Tulsa County.

[sgrizzle]

quote:Originally posted by tim huntzinger

Councilor Turner reported on the radio today that an unknown representative from the Bank of Oklahoma informed his office that - because of North Tulsans' opposition to the river tax - Pine/Peoria will not receive promised beautification projects.

Does anyone believe that is true? Can BOK sue him for those statements?

Rosco Turner - Drama Queen

[cannon_fodder]

That's where competition comes in.  If those people are qualified for better loans, surely someone will offer them a better rate to get their business.  God bless capitalism.

What's more, predatory lending is a two part game.  The lender who knows he is not delivering the best product and the borrower who knows he can not afford the mortgage he is getting.  Neither aspect is illegal, though both are unfortunate.  

A law require the best product for situation is worthless.  It will result in lenders have yet another piece of paper signed in the mortgage folder and nothing more.  OR... it will ban certain types of loans and the "working poor" will simply go without home ownership.  

Is there no responsibility for the people taking these mortgages?  Or are all of the "working poor" so stupid that they need the government to protect them from buying more than they can afford?  At what income level do people become intelligent?

[Conan71]

Actually, I heard the Turner sound bite on the radio coming back from lunch.  The clip on the radio said nothing about BOK, just "a bank".

My "mole" is telling me it had to do with getting the F & M bank at 71st & Harvard approved against much neighborhood uproar.  

Sounds like Davis or Lorton might be who Roscoe is PO'd at.

[tim huntzinger]

They talked about that F&M thing, too, but the conversation on the northside thing was in reference to BOK.

Also.  Artist.  Do you want to a) retract your statement b) explain how it is not racist c) change your handle here and try again?

[Conan71]

Personally, I think they need to quit lampooning north-siders and listen a little harder.

[waterboy]

quote:Originally posted by Conan71

Uh, there was a tit-for-tat in Roscoe's support of a southie project.  That's why he's pissed.  He gave his support, now they've jerked him around.  The south Tulsa project wasn't related to the river.

These conditional philanthropists are really starting to piss me and a lot of other people off.

I'm curious how many north Tulsan's are closing accounts at BOK after this week.  I'm not advocating a boycot, but I can see how they would be developing a serious ire for the BOKF.

You're starting to concern me with all the conditional philanthropy talk. You seem to think Zink's help on the river was unconditional too. Any evidence of that? He ended up chairman of the RPA board at least.

I assert there is no such thing as unconditional. You expect way too much from hard nosed businesspeople.

[Conan71]

quote:Originally posted by waterboy

quote:Originally posted by Conan71

Uh, there was a tit-for-tat in Roscoe's support of a southie project.  That's why he's pissed.  He gave his support, now they've jerked him around.  The south Tulsa project wasn't related to the river.

These conditional philanthropists are really starting to piss me and a lot of other people off.

I'm curious how many north Tulsan's are closing accounts at BOK after this week.  I'm not advocating a boycot, but I can see how they would be developing a serious ire for the BOKF.

You're starting to concern me with all the conditional philanthropy talk. You seem to think Zink's help on the river was unconditional too. Any evidence of that? He ended up chairman of the RPA board at least.

I assert there is no such thing as unconditional. You expect way too much from hard nosed businesspeople.

What was one more board appointment to Mr. Zink?

Jack Zink and his father did a lot more things quietly for a many good causes over the years that a lot of people are not aware of.  Anonymous giving, if you will.

Zink didn't make his contribution to the river  contingent on a tax package financed by all citizens of the county, and he didn't back up and move his money elsewhere.  That was one of the best examples of a public/private partnership in city history.

[inteller]

quote:Originally posted by Conan71

quote:Originally posted by waterboy

quote:Originally posted by Conan71

Uh, there was a tit-for-tat in Roscoe's support of a southie project.  That's why he's pissed.  He gave his support, now they've jerked him around.  The south Tulsa project wasn't related to the river.

These conditional philanthropists are really starting to piss me and a lot of other people off.

I'm curious how many north Tulsan's are closing accounts at BOK after this week.  I'm not advocating a boycot, but I can see how they would be developing a serious ire for the BOKF.

You're starting to concern me with all the conditional philanthropy talk. You seem to think Zink's help on the river was unconditional too. Any evidence of that? He ended up chairman of the RPA board at least.

I assert there is no such thing as unconditional. You expect way too much from hard nosed businesspeople.

What was one more board appointment to Mr. Zink?

Jack Zink and his father did a lot more things quietly for a many good causes over the years that a lot of people are not aware of.  Anonymous giving, if you will.

Zink didn't make his contribution to the river  contingent on a tax package financed by all citizens of the county, and he didn't back up and move his money elsewhere.  That was one of the best examples of a public/private partnership in city history.

and he is only one of MANY generous rich men with BALLS that donated without conditions.  before the current crop of cronies Tulsa had good philanthropists.