Monday, March 16, 2009

YOU JUST COULDN'T WATCH TH' BANK............COULD YA?


Recently, a fella I know, obtained a business loan from our home town banker. He had done many loans, with this same banker, for many, many years. The collateral, he always used, were monthly residuals he receives from various companies of which, he was under contract with. This was considered, by the banker, good collateral because the residuals were vested for life on some and up to ten years on others. If this fella just decided to quit working, the residuals would go on far past the term of the loan, so it was good for both parties to the loan. Of course, if the fella kept working, then the residuals would grow, so the banker was even more protected. Now, having stated all of this, and explaining the history of this long term business relationship, guess what? The banker, even though he had a complete financial statement, credit history, and knowing that the fella could legally assign his residuals to anyone, he still asked this fella for copies of his contracts. Yep, he still wanted to make sure he was completely protected. Pretty sharp for just a little bank in a small Texas town, don't ya think?

Now you see, this small bank, in this small East Texas town had a banker, just one guy, all by himself, no staff of advisers, no huge legal team, no committees and certainly no top economist. Anyway, he had enough foresight to know what he needed to do to make a good loan. A loan that, would be good for all parties involved, if everyone pulled their weight. And, if they didn't, at least, his bank would be protected sufficiently. Now that my friends, is a good businessman. The only problem with this story ,is the fact that he sets behind a desk in a small lil' town instead of behind one in Washington, DC. I mean, think on it! Th' whole dang Congress, th' President, th' Treasury Department, all of their staff, hundreds of attorneys, loads of economic advisers, special committees, and, of course, Harry and Nancy could not think to ask AIG for copies of all the executive contracts before they gave away all OUR MONEY! Naw, we didn't have anyone watchin' our "BANK", did we?

Okay, let's switch horses for a minute. This past weekend, I heard someone on a news program call Barney Frank an "economic expert"! Can you imagine that? Hey, if that guy is an economic expert then I'm th' new startin' quarterback for th' Dallas Cowboys! Good gosh! Can I get an Amen? You gotta keep breakin' this stuff down folks. You gotta make it simple. Always remember every politician's favorite line: "Well, you see, uh, it is just, uh, more complicated than that." How many times have you heard them finish an answer with that phrase? Now back to Ol' Barney. Just imagine that you had, oh let's say ten thousand dollars saved up and you were looking for a bank to put it in. This ten thousand was your entire savings. Well, you walk in to a bank and there sets Barney Frank. Would you actually trust your personal savings with him? Depend on him to still have your money, when you need it most? Would you? How about Nancy or Harry? Look at 'em! Look into their eyes, then look at your life savings, would you actually give it to them? Little different when you break it down, huh? Well, guess what, every time we keep votin' these same idiots in over and over again, we are risking our life savings. Things have been going downhill since "The Gold Standard " was lifted and the idiots knew it too! Yep, most of 'em knew it, but they let it go on and on and on. 


You see our leaders used to be GREAT! I mean real GREAT! You know, before they got SMART and started changing our CONSTITUTION! Before ulterior motive meant more than straight shootin'. Before figurin' th' angles was more important than walkin' th' straight and narrow. No, those days are long gone. Just a real sweet memory. Now, the government is kinda like feedin' a whole bunch of lettuce to a big old hog. That ol' hog just lays around all day bellowin' and belchin' and the only thing that comes outta her is dung. Yeah, that's what we need, more dung, when we are already neck deep in fertilizer!

Gotta say it, just some more opinions from TH' DUMB OL' EAST TEXAS BOY. Y'all keep your britches on! We're gonna figure this mess out, but don't count on them DC boyz to do it. No siree! We're gonna have to do it, so y'all put your thinkin' caps on 'cause we are ALL gonna need 'em.

2 comments:

  1. Ain't that the truth!! All that comes out of Washington these days is "dung!" Your term is much nicer than mine would be!

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  2. I think I know what your term would be and I'm in agreement, but public sentiment might object, so I have to polish it up a bit.........don't ya see?

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DON'T BE TIMID! Tell me what ya think.