I am taking part today in Alastair Forbes’ flash fiction challenge: Sunday Photo Fiction. The challenge is to write a story that goes along with the photo using about 200 words. Here is my story!
Floyds Bank of California was one of the banks responsible for the subprime mortgage crisis experienced in 2008. Recent documents have come to light that indicate this bank, the largest in the State of California, did knowingly lend money to those who would have difficulty in paying back monies loaned.
Evidence shows that they made adjustable rate loans to first time homebuyers, who had less than adequate means of repaying the loans when the higher interest rate kicked in. These homebuyers had little collateral, no money in the bank, excessive debt, low FICO scores due to late payments, and previous bankruptcy filings.
The U.S. Government came to the rescue, bailing out Floyds Bank of California.
In the Executive offices of Floyds Bank, executives sat back enjoying the benefits of the bailout, for they received a no-strings-attached windfall.
“So, Jenkins,” said Masterson, “what do you think we should do with all this money?”
“First, I think we should pay down some of our debt. Then we use some of the money to buy up other businesses. How is that for a plan Masterson?”
“I agree. Invest for the future. And, the best part is, we don’t have to pay it back!”
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Thanks Al for the photo that inspired this story, taken from recent history, and to you dear reader for taking the time to stop on by for a quick read! Have an amazing Sunday and be well! ^..^