tag:blogger.com,1999:blog-12703782.post1939825231007758976..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indiana™: Blue Indiana: Looking Beyond Rep. Julia CarsonGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger27125tag:blogger.com,1999:blog-12703782.post-86466709253537875342007-08-05T21:13:00.000-05:002007-08-05T21:13:00.000-05:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-51442549582159532772007-08-05T21:12:00.000-05:002007-08-05T21:12:00.000-05:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-17702495308396346582007-08-03T21:00:00.000-05:002007-08-03T21:00:00.000-05:00"I am got no nickel in that dime." - Julia Carson..."I am got no nickel in that dime." - Julia CarsonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-82174112942605020352007-08-03T18:34:00.000-05:002007-08-03T18:34:00.000-05:00By talking about Dickerson you are taking Wilson's...By talking about Dickerson you are taking Wilson's bait. <BR/>He did this to reflect criticism from Carson.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-36189144772428799322007-08-03T18:30:00.000-05:002007-08-03T18:30:00.000-05:00“No bank would loan a dealer this kind of money wi...“No bank would loan a dealer this kind of money without securitzation, and the real estate was pledged. Since the sale of the dealership, the name on the property records has changed”<BR/><BR/><BR/>The former Stitzer Buick on W 38th street borrowed millions from GMAC and Bank one. The real estate was owned my Norm Wiese.<BR/><BR/>The Callahan’s borrowed millions from local banks. Ford motor Co owned the real estate.<BR/><BR/>Ford Motor Co owned the real estate on Shadeland where Family Lincoln Mercury operated and borrowed millions from local banks.<BR/><BR/> Dickerson leased the property from one of GM’s real estate companies. <BR/><BR/>Dealers borrow money by securing their auto and parts inventories. The inventory is the collateral. These are “trust accounts” hence the term “out of trust”. The dealer pledges to finance customer purchases through the lenders who floor plan their inventories.<BR/><BR/>Monthly “floor plan” checks are done by the lenders. The dealers write a check to the bank if they are found “out of trust”. This is common practice at most auto dealerships. Most dealers will be “out of trust” at sometime weather the bank knows it or not. It’s not an issue unless the dealer stops doing business or sells.<BR/><BR/>In recent history a very large auto dealer sold his business. Inventory, service tools, and office equipment . The lenders did not attend the closing. <BR/>The dealer transferred the money, millions of dollars to an off shore account and fled the US. <BR/><BR/>Banks learn from other bank mistakes. They do appear at the closings now.<BR/><BR/>These are issues that arise from doing business. It will be resolved. It could have been you, me, Dickerson or anyone. These suits would have happened if Jesus Christ himself had done business with a lender.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-47589501739476819062007-08-03T15:21:00.000-05:002007-08-03T15:21:00.000-05:00Thanks for the info, 11:21, but on a couple of iss...Thanks for the info, 11:21, but on a couple of issues, you're dead wrong. I fully accept your car-dealer experience; now accept mine on real estate matters:<BR/><BR/>A bank is not normally at the table on sales of dealerships. They can choose to be at the table, but it is not the norm. And it is never the norm to file suit to protect their lien position.<BR/><BR/>For a mediocre bank like 5th-3rd, to file suit, all negotiations must've collapsed. All they had to do to hold their position, was file a lien. By the time a lawsuit is filed, due diligence owuld've confirmed if there were anything there to recover. If not, they'd likely not file suit. Blood form a turnip, ya know?<BR/><BR/>And as for the real estate...GM's name was not on the deed prior to the sale of the dealership. That's just a fact. No bank would loan a dealer this kind of money without securitzation, and the real estate was pledged. Since the sale of the dealership, the name on the property records has changed. I have no idea why.<BR/><BR/>The single-line theory makes a lot of sense. If that were the case, given the timing and the minority-business sensitivity, why wouldn't GM, in cahoots with the bank, simply get together to do a combo deal? Take out Eric's position with cash, and, if he owed the bank, he gets nothing until their loan is satisfied?<BR/><BR/>Truth is, he was into the bank for far more than any inventory he ever had. So it was not simply a stand-alone floor-plan arrangement. The property was pledged for the loan, and if he didn't own it, he commited loan fraud at the outset. Which I doubt.<BR/><BR/>There are just more questions here than there will ever be answers. It's all moot, unles she runs again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-28232949429028066482007-08-03T15:02:00.000-05:002007-08-03T15:02:00.000-05:00Automakers are cutting down on the number of deale...Automakers are cutting down on the number of dealerships. Ford bought out the franchise of Sharp Ford. Where's all the screams of malice there? There isn't. Ford just like GM is cutting the costs of business by cutting down the number of dealerships it must support.<BR/><BR/>Eric Dickerson ran a single line dealership. GM is condensing dealerships. It was easier to take one franchise from Eric than to take 4 away from say Ed Martin. The fact it occurred just as Eric was running for congress was coincidental. BTW <B>Payton Wells</B> closed his dealerships in Anderson and Indy and the banks sued him. Where's the screams of malice there?? Huh? Anyone? Bueller?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-91377123830838463272007-08-03T11:21:00.000-05:002007-08-03T11:21:00.000-05:00"As for Mr. Dickerson's business difficulties and ..."As for Mr. Dickerson's business difficulties and attendant legal action:<BR/><BR/>GM has the auto industry's most-aggressive campaign to recruit and retain minority dealers. If they got crossways with Dickerson, you can be assured there was something amiss. They aren't going to boot a minority dealer without good cause."<BR/><BR/>With twenty-five years in the auto sales industry and having worked in dealerships that were closed or changed hands I know for a fact that residual issues reappear after the sales suit fly back and forth sometimes for years. <BR/>GM didn't cash Dickerson's ticket. Dickerson sold his dealership. <BR/><BR/>"And, I've dealt with the bank in question on a professional basis for many years. Let's just say 5/3 has not been known as an aggressive commercial lender. They tended to pick the low-hanging fruit until just recently. And no bank wants to foreclose on a commercial loan to perfect their lien, unless they've exhausted all other alternatives."<BR/><BR/>Again you are wrong. The norm in the auto business is for the bank to be at the table during a change in ownership. Filing the lien is a safe guard the bank would enforce. <BR/><BR/><BR/>"In addition, just as an observation, an out-of-state real estate brokerage immediately listed the Dickerson property. It's a firm commonly linked to GM properties nationwide."<BR/><BR/>GM always owned the real estate Dickerson leased the property and had the use of it for four months after the sale. <BR/><BR/><BR/>"I visited his dealership as a customer. I was treated very well, and saw the same business attitude repeated often.<BR/><BR/>A complete mystery to me. Except...<BR/><BR/>This could all be anecdotal. It tells me that there's a lot of smoke, and therefore potentially some fire." <BR/><BR/>A stand alone Buick Dealership is a dinosaur. Look around, all Indy Auto dealers are multi-line dealers. Ask Tom Wood or Ray Skillman why thy have the multi-line stores.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-17531384802904782172007-08-03T06:15:00.000-05:002007-08-03T06:15:00.000-05:00I hadn't heard about the dumpster dive on Wilson's...I hadn't heard about the dumpster dive on Wilson's past. Could be interesting. I have no idea whether it will hit paydirt, but I'll watch with interest.<BR/><BR/>As for Mr. Dickerson's business difficulties and attendant legal action:<BR/><BR/>GM has the auto industry's most-aggressive campaign to recruit and retain minority dealers. If they got crossways with Dickerson, you can be assured there was something amiss. They aren't going to boot a minority dealer without good cause.<BR/><BR/>And, I've dealt with the bank in question on a professional basis for many years. Let's just say 5/3 has not been known as an aggressive commercial lender. They tended to pick the low-hanging fruit until just recently. And no bank wants to foreclose on a commercial loan to perfect their lien, unless they've exhausted all other alternatives.<BR/>It's expensive, and in the banking world, on such a high-profile customer, it exposes their business practices, which banks loathe.<BR/><BR/>In addition, just as an observation, an out-of-state real estate brokerage immediately listed the Dickerson property. It's a firm commonly linked to GM properties nationwide.<BR/><BR/>I visited his dealership as a customer. I was treated very well, and saw the same business attitude repeated often.<BR/><BR/>A complete mystery to me. Except...<BR/><BR/>This could all be anecdotal. It tells me that there's a lot of smoke, and therefore potentially some fire. Via-a-vis Dickerson being seriously upside down with his bank and GM. I have no idea how you do that as a dealer, but it's pretty clear to me he did.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-3956540646624852292007-08-02T18:24:00.000-05:002007-08-02T18:24:00.000-05:00Damm 4:54 you must have gotten Wilson's attention....Damm 4:54 you must have gotten Wilson's attention.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-79570577967067017342007-08-02T16:54:00.000-05:002007-08-02T16:54:00.000-05:00"there are lawsuits and counter-lawsuits in the fa..."there are lawsuits and counter-lawsuits in the fallout from his 5th/3rd Bank kerfuffle"<BR/><BR/>Wilson getting someone's credit history isn't as hard as it used to be. I think we should look at every democrat who is running for office, incumbents included. Then we need to post the results on a blog like AI. After everyone sees their dirty laundry on the blogs they can all thank you. <BR/>Carson will be very happy when the dirt on her grandson is posted. Your career as a democrat snoop will be over. Think about it Wilson some of us are getting tired of your BS.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-24884229401208982742007-08-02T16:35:00.000-05:002007-08-02T16:35:00.000-05:00"there are lawsuits and counter-lawsuits in the fa..."there are lawsuits and counter-lawsuits in the fallout from his 5th/3rd Bank kerfuffle last year. It's not pretty..."<BR/> <BR/>Anytime a business sells or closes someone always has a hand out. As soon as its determined if Dickerson agreed to a personal guarantee this will be resolved. <BR/>“Pretty” or not this is a part of doing business on both sides. Dickerson wants to keep his money and lender/investors want as much as they can get. <BR/>It could be years before this is settled. It will never see the inside of a courtroom for an opinion. It will be a negotiated settlement.<BR/><BR/>Now lets talk about Carson's fleecing of Indianapolis. She used public funds to have a house torn down. Her paying the city back was nothing more than an interest free loan. <BR/>Hey Mayor Peterson can I borrow $10K? I’ll pay you back in a year or two.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-87887556031268035842007-08-02T13:42:00.000-05:002007-08-02T13:42:00.000-05:00Check this out. Per NUVO today page 6"The city of ...Check this out. Per NUVO today page 6<BR/>"The city of Indianapolis has offered Stephen and Tomisue Hilbert a property tax abatement worth more than $ 126,000.00...<BR/>Nice work Bart! The rich get richerAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-36927992826745868452007-08-02T13:31:00.000-05:002007-08-02T13:31:00.000-05:00Hey wilson46201, why don't you throw your hat in t...Hey wilson46201, why don't you throw your hat in the ring? You are somewhat articulate and not afraid to put your point of view out there for all to see.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-11971913946830355132007-08-02T13:30:00.000-05:002007-08-02T13:30:00.000-05:00Julia Carson owed delinquent taxes and had judgmen...Julia Carson owed delinquent taxes and had judgments against her when she ran for office.<BR/><BR/>Your point Wilson?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-27655471138266328672007-08-02T13:20:00.000-05:002007-08-02T13:20:00.000-05:00I doubt if Eric can run again - there are lawsuits...I doubt if Eric can run again - there are lawsuits and counter-lawsuits in the fallout from his 5th/3rd Bank kerfuffle last year. It's not pretty...Wilson46201https://www.blogger.com/profile/14214029150233485312noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-32175055855507581502007-08-02T13:04:00.000-05:002007-08-02T13:04:00.000-05:00Wow....imagine the articulate, intelligent and sel...Wow....imagine the articulate, intelligent and selfless Monroe Grey following Julia's act...Indiana will be the laughingstock of the nation. God forbid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-31969591960103294332007-08-02T13:02:00.000-05:002007-08-02T13:02:00.000-05:00I spoke for a short time to Congressman Burton at ...I spoke for a short time to Congressman Burton at the Perry Lincoln Day dinner a few months ago. Partisan politics aside, he mentioned she wasn't looking too good and needed help to get on and off the house floor. Regardless of who runs on your (pointing to all the 'Rats) side, Julia should take her congressional pension and retire.<BR/><BR/><I>Come on Eric lets get the ball rolling NOW!</I><BR/><BR/>Your guess is as good as mine whether he'll run again.Sir Hailstonehttps://www.blogger.com/profile/16301073859882785758noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-38007174228636264842007-08-02T11:03:00.000-05:002007-08-02T11:03:00.000-05:00Mary Adams voted against the Human Rights Ordinanc...Mary Adams voted against the Human Rights Ordinance. That should disqualify her from any Democratic nomination.Edward Foxhttps://www.blogger.com/profile/13708409286905153387noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-38251414950215406142007-08-02T10:52:00.000-05:002007-08-02T10:52:00.000-05:00"10:40 AM EST Anonymous said... Come on Eric lets ..."10:40 AM EST Anonymous said... <BR/>Come on Eric lets get the ball rolling NOW! "<BR/><BR/><BR/>Your point?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-58611733915163181502007-08-02T10:40:00.000-05:002007-08-02T10:40:00.000-05:00Come on Eric lets get the ball rolling NOW!Come on Eric lets get the ball rolling NOW!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-63425750390619868422007-08-02T10:16:00.000-05:002007-08-02T10:16:00.000-05:00Julia also missed the vote extending the Civil Rig...Julia also missed the vote extending the Civil Rights Act. Pathetic!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-87394134502683904402007-08-02T10:14:00.000-05:002007-08-02T10:14:00.000-05:00It would appear that the battle lines have already...It would appear that the battle lines have already been drawn. On side is White and the other Black. Quite frankly, this became all so apparent when the Mayor placed O'Conner as chair of the Marion County Dem Party. Given the percieved overwhelming influence of the Black vote in Carson's district then why was a Black chair not placed in charge of the local Democratic Pary? My guess is that it had to do with the abilty of Whites to raise more campaign money than Blacks. <BR/>Given this split in the Party, whoever the contenders are will literally be in a fight to the death with each other. In which case, the ultimate winner in the Dem primary will be the loser in the general election.<BR/>I would look for either a White Dem candidate to succeed Carson or the GOP will most certainly take this seat back.<BR/>One of Marion County's greatest urban legends is that that of the Black community turning out a massive numbers of it's voters for the Dem candidate. This may have been the case when Jacobs decided to step down but it is not true today. <BR/>There are a lot of skeletons in Carson's closet and when she steps aside that closet door is going to swing wide open if she attempts to pick her successor.<BR/>If Jill Long and Hillary Clinton are on the top of the Dem ticket in Indiana then 2008 will look like 1980 all over again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-52632466852675350692007-08-02T09:57:00.000-05:002007-08-02T09:57:00.000-05:00Julia Carson was the only Indiana legislator to mi...Julia Carson was the only Indiana legislator to miss the House vote on BP's pollution permit.<BR/><BR/>U.S. House rips BP, state<BR/>http://www.thetimesonline.com/articles/2007/07/26/news/top_news/doc8d2ee9dd5fe8fb2d862573240006f6ce.txtAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-12703782.post-27149426854879061632007-08-02T09:28:00.000-05:002007-08-02T09:28:00.000-05:00... and it shouldn't be Carolene Mays since she wa...... and it shouldn't be Carolene Mays since she was the lone Democrat in the legislative delegation to vote FOR the constitutional amendment banning gay marriage.<BR/><BR/>She's a scaredy-cat Democrat who won't make a vote for anything on Capitol Hill that would ruffle anyone back home. THAT is NOT what we need in Washington!Anonymousnoreply@blogger.com