Crossroads Mall

[EBAH]

How right you are. It's not nationalized, and as far as we are all concerned it is no different than if Bear Stearns owned it.

[lonestarstatesux]

So the Fed paid $11.2MM or $11.89/sqft if this article NewsOK lists the square footage correctly. If Bears Sterns had just collapsed and lost all of its assets in bankruptcy, what would have happened to Crossroads Mall?

[gmwise]

They did.
they didnt pay their creditor.

[lonestarstatesux]

Well, I guess I mean if everything would have been allowed to continue without any government intervention - I should have clarified.

[mugofbeer]

Mugs,
When a creditor takes over the assets of a debtor.
Its not nationalizing.

GM - I'm fully aware of most any financial issue you wish to put in front of me considering its my business. In case you missed it, the LOL I put on the end was an indication I was joking.

[NativeOkie]

That mall is going to be so very nice now.
It will be like...like going to the post office.

[soonerguru]

Silly Metro,

All of the socialism happened on Bush's watch. Oh wait, wouldn't want to intervene with facts.

[oneforone]

Silly Metro,

All of the socialism happened on Bush's watch. Oh wait, wouldn't want to intervene with facts.

It does not matter who started... the point is it needs to stop. America did not become the powerhouse it is today because of goverment management. The power and creativity of the individual person and the free enterprise system is what made America great.

If goverment would have stood back and let things happen naturally the economy would be just fine. Sure there would have been job losses and the closure of coporate empires but in the end all would have worked out. The only roll government should have played was providing assistance to those that needed help cover the cost of re-training or relocated to areas were they could find work. It could have been done with income tax relief and temporary no interest loans.

The government should have known if you can't swim you should not be applying for the job of a lifeguard.

[mugofbeer]

It does not matter who started... the point is it needs to stop. America did not become the powerhouse it is today because of goverment management. The power and creativity of the individual person and the free enterprise system is what made America great.

If goverment would have stood back and let things happen naturally the economy would be just fine. Sure there would have been job losses and the closure of coporate empires but in the end all would have worked out. The only roll government should have played was providing assistance to those that needed help cover the cost of re-training or relocated to areas were they could find work. It could have been done with income tax relief and temporary no interest loans.

The government should have known if you can't swim you should not be applying for the job of a lifeguard.

Unfortunately, the government stood back and allowed corporate greed and politics to run rampant and it has nearly killed our economy. Its very clear that with the business of money, the government MUST regulate and must have significant controls in place or the greedy will always take advantage.

I also feel that due to the fact insurance companies have overtly taken advantage of people and ignored the notion of being good corporate and moral citizens that the government has a role in health care. It doesn't mean that government needs to nationalize the industry, however. Strict regulation and a conversion of health insurance providers from pure profit-making entities to more of a highly regulated utility would solve the problem.

There is a very fine line regarding where government needs to get involved and where they have no business getting involved. Unfortunately, it has become a huge difference in our society between those who feel like people should basically support themselves and be responsible for their own actions and those who feel government is the answer for everything.

If we were to have a long conversation about government responsibility, it would appear that I am being hypocritical because there are some areas I believe government SHOULD be the controlling entity. There are others they should get their nose out of things and allow capitalism and free thinking to rule.

[metro]

Silly Metro,

All of the socialism happened on Bush's watch. Oh wait, wouldn't want to intervene with facts.

Yes, Bush started 1 or 2 stimuli (which I don't agree with BTW), so that makes him a socialist? Sorry but he let the free markets rule the majority of his tenure. Obama has government hands in about everything in less than a year. Wouldn't want to let those facts show up would we?

[Jesseda]

someone needs to put obamas head on the britney spears music song circus, then more people will understand whats going on with what obama is doing ( instead of everytime she uses the word circus ad socialist) could this be a hidden message in the songs lol..the socialism people are brain washing us lol heck what do you think of when the word library comes about ( oh no a building with tons of free thinking authors of all types better keep our children out of there, they might stumble upon one of those books)

[bluedogok]

Unfortunately, the government stood back and allowed corporate greed and politics to run rampant and it has nearly killed our economy. Its very clear that with the business of money, the government MUST regulate and must have significant controls in place or the greedy will always take advantage.

Regulation is only as good as the people doing the regulating. It does nothing to guarantee "fairness" in business.

The greedy take advantage whether there is regulation or not, after all, human beings are doing the regulating and most who desire those type of positions tend to be the ones who tend to be susceptible to inducements to look the other way. Sometimes stringent regulations has the opposite effect and creates "opportunities" for the exploitation of regulations, usually by the already well funded companies to dismiss rivals through such regulation.

[mugofbeer]

Agreed to some extent. There were a lot of regulations in place on the financial institutions that were not applied and there were warnings as much as 10 years ago that Bernard Madoff was running a Ponzi scheme but no one listened or took action.

As for your second statement, I disagree. If proper regulation had been put in place and properly applied, and if the politicians had stayed out of the business of Fannie Mae and Freddie Mac, much of our current problems would have never occurred. Properly enforced and applied regulation can very definitely prevent problems. I've seen the regulators catch too many people doing wrong things in my business which prevented far worse problems from happening.

[dances with cameras]

There is a very fine line regarding where government needs to get involved and where they have no business getting involved. Unfortunately, it has become a huge difference in our society between those who feel like people should basically support themselves and be responsible for their own actions and those who feel government is the answer for everything.

Well said...it's too bad that the "huge difference" you speak of started out as a small one.

[oknacreous]

Yes, saddling the federal government with Crossroads is not because Bear Stearns made bad decisions in their greed, but is really part of Obama's evil plan to force socialism on the unwitting public. That line of reasoning is so ridiculous it could have come from the politics board!!

[bluedogok]

As for your second statement, I disagree. If proper regulation had been put in place and properly applied, and if the politicians had stayed out of the business of Fannie Mae and Freddie Mac, much of our current problems would have never occurred. Properly enforced and applied regulation can very definitely prevent problems. I've seen the regulators catch too many people doing wrong things in my business which prevented far worse problems from happening.

There are many companies out there exploiting regulations to increase their profits and lobby to burden competitors with even more regulation because they already know the loopholes or places where regulations can be exploited for profit. Most of the regulations are written by politicians or more accurately the lobbyists lawyers with the interests of those doing the exploiting...so just how good is "regulation" when it is written by those who are supposed to be regulated? This has also occurred no matter which party is in power so it is not a "party" issue, both parties have their masters who have bought and paid for their services.

I put little faith into "regulation" by the current (and not so current) people in power.

[jbrown84]

She had a store in Midwest City’s Heritage Park Mall until 2003. Business was slow there, but it’s even slower at Crossroads, she said.

"I haven’t really seen much progress here,” said Brown.

What does that tell ya?

z28, it is people like you that needs to be ejected out of the state (or at least this city).

Settle down, Thunder. Accepting your denial is the first step...

Just exactly who do you plan on filling those anchor spaces?

Thunder has letters of intent from Montgomery Ward, Mervyn's, TG&Y, and Anthony's.

[ronronnie1]

"Thunder has letters of intent from Montgomery Ward, Mervyn's, TG&Y, and Anthony's. "


OMG LOL I died laughing!

[bwana_bob]

Thunder has letters of intent from Montgomery Ward, Mervyn's, TG&Y, and Anthony's.

While you dream of landing Otasco or Woolworths, I say, "Get with the 90's man!" Let's remake it into a high-tech, electronics and entertainment destination point with Circuit City, CompUSA, The Sharper Image and Hollywood Video.

P.S. I think Sears Catalog Stores are making a comeback.

[Thunder]

What does that tell ya?




Settle down, Thunder. Accepting your denial is the first step...




Thunder has letters of intent from Montgomery Ward, Mervyn's, TG&Y, and Anthony's.

That is partially true. There is more companies that had already submitted their letter of intent.

[kevinpate]

Hang in there Thunder, don't let either naysayers or reality hold ya back

[Patrick]

The federal govt couldn't do any worse of a job managing the property than Macerich did.

[proud2Bsooner]

The article is completely inaccurate...or as Mike Gundy would say "inackurrit".

Crossroads Mall is nowhere near a Grade "B" mall. There are 24 other letters to describe Crossroads, because neither A or B qualify.

[Patrick]

Could be class A office space though.

[SeinfeldBlock]

That mall is going to be so very nice now.
It will be like...like going to the post office.

I seriously love your comment!