Russian Banks Count Pigs, Lingerie as Collateral
Wow. They must really looovve Miss Piggy then.
Posted on 10/26/2009 10:19:53 AM PDT by TigerLikesRooster
http://www.bloomberg.com/apps/news?pid=20601109&sid=aTBiDsqJtOTI
What a country.
In Russia, Lingerie is considered work clothes.
Pigs?
I hope not one wearing the other.
“Evenink vear! Veddy nize!”
The amount of collateral would depend on who’s inside the lingerie ...
Sounds like they want a currency that is based on some real value. I’ll take pigs holding their value over dollars in
a period of rapid inflation.
Does not sound like anyone on this board has ever thought about an agricultural production loan. I have counted upwards of 25,000 pigs at a farm. No one wanted to sit next to us when we went out for lunch.
The real art is counting cow tracks in the desert....C’mon you know there are here. Just look at the tracks. Then, I asked about the brand that went with that set of tracks... Well, duh.
At least they have collateral. That’s better than Treasury did ‘investing’ our great-great-grandkids’ money in AIG, Chrysler, GM ...
I can’t recall any pig loans, but I’ve seen a few chickens and a lot of cows. And some of the horse loans have been stuff of legends.
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