A 'high-powered' New Hampshire banker was to show up one night and give a presentation during class. Well, that very day, the FDIC closed down four of the five largest banks in New Hampshire. It ended up being the state with the worst bank failure rate in the country during the Savings and Loan crisis.
The banker showed up to class, anyway. He admitted, sometime during the presentation, that 'had the banks in liberal New York been run as haphazardly as in tough, conservative, prudent New Hampshire, then we would all be in a depression now!"
I went up to Tim's about a week later, to see a Patriots' football game, and told him that story with the banker. He said "Shhhhh…the game is about to start, you fool."
Tim and I had some short chats about the S&L crisis, in general, and I told him some things I had learned in my banking class. Tim told me that there were going to be some excellent buying opportunities in real estate, very shortly. I told Tim that I had seen a short clip on the news of Ronald Reagan signing the Savings and Loan Deregulation legislation sometime in the 1980's and Ronald had exclaimed at the signing, "I think we hit the jackpot!"
Later, I asked him, "Do you know what negative amortization scheme means?"
Tim said, "Bone, like I've said before, I never took a foreign language in high school." Then, Tim said, "Isn't it time for you to go home?"
I said, "It's only half time."