I am tearing myself away from my draft policy on liquidity, to write this blog. The draft policy is a test assignment from the job interview I had last week, and is due tomorrow, and possibly I should have started it before now. If you would like to scold, go ahead, but frankly, I`m way ahead of you, and I wish I started earlier too.
If there is any saving grace in this, it is that I write policy for a living, and I understand liquidity and the compliance requirements, so I should be able to explain them in 3 pages. Having said that, I`m still freaked.
I am extremely focused on being very clear about liquidity. I contemplated writing about it here, just so you could all understand it, thinking you might be laying awake at night, wishing you only knew what liquidity was, but I decided it really wasn`t that interesting, and you didn`t want to hear about it. I`m not going to talk about it at all.
Back to the reno`s.
This is a mail box, on a post. Except for the really big problem with the letters, I believe we can call the mailbox issue solved. Also, I can`t show you the rest of the porch, because I have only painted the one railing, so you could see the effect. Yes, that`s right, I was painting a railing, in weather that was threatening rain, while not writing about liquidity, so I could show you the entire effect. Also, because like all painting situations, I knew I would start putting the paint on, and I would panic and hate it, and think I had the biggest mistake of the entire universe, bigger even than a bank who screws up their liquidity ratio`s, and suffers a company specific event, and thus suffers a liquidity failure, also known as a funding deficit.
Tell me you like the paint.
Anyway. Micheal`s is apparently doing inventory for the month of August, which means that they aren`t re-stocking anything.
So, Micheal`s doesn`t have any letter “L` or any number 1`s left, which is going to make it really hard to paint them white and put them on my mail box (spelling `MAIL`), or on the plaque which will have my house number on it. It`s rather like it would be if senior management had not established a market access strategy and did not delineate between first and second priority assets to release in the case of a company-specific liquidity crises, as part of their OFSI mandated contingency plan.
(and because I will almost certainly forget to ask, yes Martha, I do need you to check your Michaels, please!)
Ah, freshly painted blue door, with charming letter slot (not functional) picked out in silver paint. Also, nice, drooly mastiff, looking about as fierce as OFSI would were they to discover that you did not have templates of your liquidity reports for them to view, as part of your liquidity and funding plan.
And finally, jack hammered concrete, which Mr. Spit is calling `the cobblestone effect`, that is treacherous to walk on, only an initial step in bigger project to get pavers put in and reflects a need for significantly more work, much like an organization that has only completed one liquidity stress test, and not used the most conservative of assumptions.
Also, dear J. came by tonight, looked at our back door, refrained from laughing at the Joe Job of the previous owner and told us that not only did everything have to come out, we needed to buy a new door, and we also needed to come up with a way of shoring up the sagging flooring. All of this in a bid to finish mudding and taping some dry wall, and fixing up the flooring in the back entrance to our house. It is perhaps worth noting that we started the entire front porch project because the floor was sagging, and we didn`t like the outdoor carpet.
(and you were asking how these things got started).
Well, that`s it for me tonight, and look, I didn`t talk about liquidity at all!
Also, I don`t know why my apostrophe`s are all wrong. I can`t figure it out, and since it relates to neither home reno`s or liquidity, I`m not going to worry about it.