Wednesday, August 30, 2006
Collateral
Prof: "I have a cousin... He saved his money, and we were all broke all the time, so we'd borrow money from him. ... He foreclosed on his brother's tennis shoe once--buried it in a box in the backyard.... [His brother] would give you the shirt of his back, and [my cousin] would give you the shirt off his back, if you had collateral."
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