Thursday, October 29, 2009
Quite a bit of stirring in the old folk’s homestead these days. The bank which had a branch on campus went belly up the other day. We had FDIC and bank people here in droves. They tried to reassure people that the bank had been sold and it would be business as usual. But there is much unrest and I fear the new owners will find little left at this branch to justify it continuing. We were leery from the beginning and are hardly involved.
On the other hand, we have a gasoline credit card that is actually issued by one of the giant bailout recipients. They recently sent us a notice announcing an interest rate hike to 29.95 percent. As soon as we can find the little-used card, we intend to “opt-out” as they term canceling. Should I remind them that Shylock would have been hung for a charging such a rate? Since we are getting rid of the car it really doesn’t matter to us. (Nor them)
We continually hear the phrase “too big to be allowed to fail”. I’m not sure why that is true. If I were president, I suspect I’d let a few of these big fellows go under and find out how much worse that left us than the nation’s current circumstances.
Tuesday, October 27, 2009
Despite the fact that I am without doubt one of the best drivers on the road, that big day has come. We are turning in our leased car and giving up driving (sort of). I would like to say that I remember that day almost 70 years ago when I first got a driver’s license. Truth is – I can’t. Maybe that is part of my reason for this big step. Other, and more valid, reasons include macular degeneration, no wish to finish my career with an accident, and financial thoughts. Lakeside Village where we live provides transportation for most routine local errands and appointments. To prevent acute trauma to our systems, we are reserving the right to take an Enterprise rental car for big trips or leisurely Christmas shopping. We’ve worked it out and that’s lots less expensive than having our own car. Next week we have the lift for my “electric chair” taken off the back of the car. And the following week GMAC gets the car back. ‘Twill be a sad day in Lantana.