Last year I made a Ninja loan to Precious, our Shetland Sheepdog. A Ninja loan means No Income, No Job - Accepted!
Now Precious has defaulted on this $10 million loan. No problem. I am going to sell it to the federal government. I will even accept a slight discount on it. Otherwise I would be unable to do business.
Mrs Ichabod wants to know how the banks passed a law to make it difficult for an individual to declare bankruptcy, but they now want laws to make it impossible for banks to become bankrupt.
I said, "Just as De Tocqueville warned, they learned they could vote themselves money in a democracy."
