Friday, August 12, 2011

Enjoying Exposure

Scene: A naked and drunken woman boards a cab in NewYork. Driver of the cab, an Indian, keeps staring at her and does not start the cab.

Woman: "Haven't you seen a naked woman before?"
Indian: "Cool down. I am not staring at you. I am just wondering where you have kept the money to pay me?"

Moral: This is what most of the American banks failed to do - Assess the repayment capacity before enjoying exposure.