When Things Could Be Even Worse


The beginning of 2009 started auspiciously.  Cadillac had gotten a new job, running the LA office of a NY broker-dealer that was set to open.  Finally, we thought, finally the last 8 years or so of hard, underpaid work was going to pay off.  Yay!

The firm’s main investment product was going to be this one offered by an established firm. The product had been sold before, unregistered, and now they were going to offer it as an approved item.

Then Cadillac got a call.  The product guy was getting investigated by FINRA.  At first, they thought this was good.  Once FINRA approved the product, it would be good to go.  So his boss told Cadillac that he would get paid, but that the office had been delayed.  Cadillac thought it would be all right, as long as the guy fixed the stuff Cadillac pointed out was wrong.

Fast-forward six weeks.  FINRA said no; apparently there were too many problems.  Cadillac got laid off.

This sucks, we thought.  What sucked even more: the NY company said they were gonna pay Cadillac thru the end of February and then did not.  Then unemployment messed up Cadillac’s Social Security number, and being the vast government bureacracy they are, are slow to take action.  Therefore we, family of five, have not had an income since mid-February.

But then, THEN, my friends, I got this emailed to me:

A Sherman Oaks money manager accused of spending millions of his investors’ dollars on a lavish lifestyle and high-profile charitable contributions agreed Tuesday to let a court-appointed receiver manage his companies’ assets.

The man? Bruce Friedman. The company? The same one that was working closely with the one that had hired Cadillac.

Sometimes things really could be worse.

Another benefit of our new poverty: we applied to SDG&E for an Energy Efficiency Makeover. Our utility bill, they said, was unusually high. With no income, we suddenly qualify. Someone’s coming to our home and installing new lamps, sealants, insulation(!), inspecting the heater, and maybe even giving us a new fridge (!!)

Published by Margaret Dilloway

Middle grade and women's fiction novelist. FIVE THINGS ABOUT AVA ANDREWS, (Balzer + Bray 2020); SUMMER OF A THOUSAND PIES. MOMOTARO: Xander and the Lost Island of Monsters (Disney Hyperion); TALE OF THE WARRIOR GEISHA and SISTERS OF HEART AND SNOW, out now from Putnam Books. HOW TO BE AN AMERICAN HOUSEWIFE was a finalist for the John Gardner fiction award. THE CARE AND HANDLING OF ROSES WITH THORNS is the 2013 Literary Tastes Best Women's Fiction Pick for the American Library Association. Mother of three children, wife to one, slave to a cat, and caretaker of the best overgrown teddy bear on Earth, Gatsby the Goldendoodle.

Thoughts? Comments?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: