Sunday, November 6, 2011

Basic Risk Management

Sharing the following email with you:


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

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

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

Indian Driver: I am not staring at you lady..... just wondering where you kept 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 in the exposure!!!

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