Linda Malnack

Balloon Loan

I am sitting in my convertible ARM chair with the door to the what-if analysis open. I feel a cold wire transfer from the men’s room where George just smoked a variable rate and left the depreciation open to the basis point. I am on the edge of a potential return. Thank you for remembering to bring the good faith estimate. I am slashing and burning, setting fire to the call options. The inflation rate is as high as high, growing delicious liens and licking the margins of my liabilities. When I back up to avoid inflation, I fall back into the time horizon, under the cold gaze of George’s standard deviation. I think I need a breakpoint, I say, and go down the hallway in search of liquidity.