T Boone Pickens doesn't look so smart now...
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    T Boone Pickens doesn't look so smart now...


    Okie State athletics look like they might be suffering financial due to their biggest "donor".

    SportingNews.com - The Sporting Blog - Oklahoma State Would Like to Renegotiate That Mortgage Right About Now, Please



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    Re: T Boone Pickens doesn't look so smart now...

    He'll just give 'em more to make up for it. It is quite funny to think about it, but then again it would suck to do all that spending and then have the money swiped out from under you.


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    Re: T Boone Pickens doesn't look so smart now...

    I dont feel sorry for them at all. It was the universitys idea to put that money in the investment. They were proud as could be when that fund was doing good.


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    Re: T Boone Pickens doesn't look so smart now...

    Why would he insist on a loan though instead of paying outright?


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    Re: T Boone Pickens doesn't look so smart now...

    Quote Originally Posted by kingcy View Post
    I dont feel sorry for them at all. It was the universitys idea to put that money in the investment. They were proud as could be when that fund was doing good.
    Actually from what I've read it was Pickens' idea to put it in his hedge fund. Some of the Regents of the University had asked to take it out and put it someplace more safe around a year ago I think it was, but he resisted.


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    Re: T Boone Pickens doesn't look so smart now...

    Quote Originally Posted by cmoneyr View Post
    Actually from what I've read it was Pickens' idea to put it in his hedge fund. Some of the Regents of the University had asked to take it out and put it someplace more safe around a year ago I think it was, but he resisted.
    That's the way I understand it too.



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    Re: T Boone Pickens doesn't look so smart now...

    Woulda been better off with putting it into a fixed rate savings account EVEN if its a horrible rate.


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    Re: T Boone Pickens doesn't look so smart now...

    Boone, " Can I give you clean gas futures contracts instead, OS? They will be worth a lot in 2012."


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