There are the bankers on Wall Street who carry home cash in a wheelbarrow, without ever having to sign on a line for anything.
They run the bank into the ground, get multimillion-dollar bonuses- get bailed out by the taxpayers and then “retire” with a big fat golden parachute and a pension for life.
Then there are real people, like:
Dayton City Commissioner Joey D. Williams, president of Chase Bank in west Ohio, has been named in a lawsuit filed on behalf of Fifth Third Bank and faces a financial judgment stemming from the default of a small business loan…
The loan was for the Popeye’s Chicken & Biscuit restaurant at 5800 Wilmington Pike in Centerville, which is closed.
The lawsuit was filed in late 2009 in Montgomery County Common Pleas Court. A Dec. 1 judgment awarded the bank $850,000, which includes court costs of $113,039, according to court records.
I’ve known Joey well for over twenty years. I’m sure this is quite embarrassing to him- as well as a financial burden. But, the reality is, at least he actually put his own money up in starting a small business, that employed people. I’m pretty sure that 5/3rd took special pleasure in making an example out of a competitor, instead of working out a deal.
To me, this just says that Joey’s more like us than like the political slime that goes into office driving a Dodge Shadow with a Bush I bumper sticker- and ends up a multimillionaire congressman driving Cadillacs (Mike Turner).
Times are tough. Welcome to the club Commissioner Williams.