Browsing the archives for the collateralized debt obligations tag

The financial crisis explained in simple terms

in Jokes, Politics

Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans). Word gets around and as [...]

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