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Credit Assessment Joke

May 28, 2012

A naked and drunken woman boards a cab in London one night.

 The immigrant driver keeps staring and does not start the cab. 

Woman: Haven’t you ever seen a naked woman before??? 

Immigrant driver: I am not staring at you lady….. just wondering where you

 keep the money to pay me!

 Moral: That is what most of the American and European Banks failed to do.

(i.e.) Assessing repayment capacity before taking exposure!!

 

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From → Credit Analysis

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