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12. Re: Rhode Island Sues Schilling and Others over 38 Studios Deal Nov 2, 2012, 03:12 LiTh
As far as the bank loan fees. There's nothing to sue in regards to that. If the state of RI had lent their own money then there wouldnt have been any fees. They didnt, they told Wells Fargo to issue a State backed loan to the company. If you were to buy a 75million dollar house you wouldnt bat an eye at a 500k commission (less than 1 percent) being doled out to the real estate agents, or likewise if you got a 75million dollar loan to the Mortgage broker's commission fee.

How it works is, the State told the bank give them this loan. That means no more bank mortgage guidelines, they are now guaranteed by the state of RI for the value of the loan. Now if the State or EDC analysts had a problem with that bank in particular (it would be nearly the same from any banks) fee's then they should of funded else where. Its the EDC loan analysts that should be sued whole heartily and be the 'scape goat' for making the decision on such a bad loan with tax payers money.

The sad part is, i'm sure nothing will come out of this than the taxpayers of RI being out 75million dollars. Which to me is an absurd amount to even make a game. What you want to bet you can take any one person of BluesNews, and come out with a more profitable game with much less money.
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