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bank fall out

September 21st, 2010 at 03:38 am

Weather has been very unsettled, as if late summer and fall were having a full-on wrestling match. First it would be sunny, then downpour, then wind, then heavy clouds. I'm not declaring Venus yet, but fall, of course, will win. Brown leaves have already started to hit the gutters and the first leaves of Fremont are turning red.

It has been a slightly spendy weekend - got my hair cut for $15 (it needed it badly), went to the Half Price books warehouse sale and picked up 6 books for $15. Next weekend will be spendy also - its Greek Festival time and I need olive oil and grape leaves.

Sausage from our cow is ready and I pick it up tomorrow from lawyer friend.

You might remember that I work for a non-profit that starts with "U" is two words, and the second word rhymes with the Canadian "ay". As in, "ay, you hosers." Work has been picking up for this year's campaign and I've been fielding calls from others in the same "united" system. We've all learned a lot about what happens to all of us when our local banks get closed by the FDIC. In a nutshell, all employee pledges from the bank that gets closed are considered a loose end, a debt, and die. They will not be paid out. What happens afterward depends entirely on the bank that buys the old bank from the FDIC. Most do nothing, just absorb the new employees and wait until next year. A few of the new banks will allow the former employees to run a small bridge campaign, and one even assumed part of the old bank's corp gift. Very interesting!

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