Friday, December 19, 2003
Christmas message
Okay, this is corny as (not to mention a bit early). But someone requested a "Christmas" post and I'm pressed for time at the moment (the irony being that the 'other half' has to have its hols before Christmas - the "top paddock" is actually Wilson's Prom, where I'm off again tomorrow for a couple of days. Beaches and granite tors - as good as it gets, in my book.
Anyway, here's the message:
On debt and forgiveness
There is one thing worse than the "moral hazard" involved in "forgiving" a debt.
That is the mindset of never being able to forget (nor hence, to forgive) a "doubtful" debt.
Accordingly, I propose a new expression for clinging-on way too tightly:
"He clung on like a mafia bank to a bad debt".
And a Merry Christmas to all of ye, especially Japan's banks.
Okay, this is corny as (not to mention a bit early). But someone requested a "Christmas" post and I'm pressed for time at the moment (the irony being that the 'other half' has to have its hols before Christmas - the "top paddock" is actually Wilson's Prom, where I'm off again tomorrow for a couple of days. Beaches and granite tors - as good as it gets, in my book.
Anyway, here's the message:
On debt and forgiveness
There is one thing worse than the "moral hazard" involved in "forgiving" a debt.
That is the mindset of never being able to forget (nor hence, to forgive) a "doubtful" debt.
Accordingly, I propose a new expression for clinging-on way too tightly:
"He clung on like a mafia bank to a bad debt".
And a Merry Christmas to all of ye, especially Japan's banks.
