No Runny Eggs

The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger). The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.

Is Three a Trend?

by @ 9:24 on March 3, 2009. Filed under Economy, Politics - National.

One role I had was in marketing for a major wireless provider.   My job was to identify trends and come up with pricing and promotion ideas to increase sales.   There were times were I would trial a concept, see a couple of preliminary successes and make a recommendation to roll the program out market wide.   On more than one occasion as I tried to explain the trend I believed was forming, I would hear from our General Manager something along the lines of “2 points does not a trend make.”

Reports out that TCF bank has decided that the restrictions that come with TARP are more impairing than the loans are beneficial.   Thus, they are looking to pay back their $361.2 million to the Treasury.  

And with that, here  are the lessons to be learned:

Government programs, no matter how well intentioned,  never, ever, ever, ever help businesses run more efficiently.   Don’t believe me?   Ask anyone who has ever had an SBA loan.

and

Government programs, no matter how well thought through, will always, always, always  have unintended consequences that for some period of time, will disrupt and distort the very function they were created to aid.   Again, don’t believe me?   Just ask anyone who receives farm supports.

I know that 2 points don’t make a trend but I’m guessing that three certainly does the trick!

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