05 July 2009

We Want Your Immortal Soul

Seriously, there is a Latvian banker who is demanding borrowers souls as collateral, Viktor Mirosiichenko of the Kontora loan company:
Clients have to sign a contract, with the words "Agreement" in bold letters at the top. The client agrees to the collateral, "that is, my immortal soul".

Mirosiichenko said his company would not employ debt collectors to get its money back if people refused to repay, and promised no physical violence.
I hope that this is not the face of market reform in other parts of the former Warsaw Pact nations.

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