Home economics and naked profits

The cost of covering up a loan

A man is getting into the shower just as his wife is finishing up her shower when the doorbell rings.

Source: Wikimedia

Source: Wikimedia

The wife quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the next-door neighbor. Before she says a word, Bob says, "I’ll give you $800 to drop that towel."

After thinking for a moment, the woman drops her towel and stands naked in front of Bob. After a few seconds, Bob hands her $800 and leaves. The woman wraps back up in the towel and goes back upstairs.

Source: WIkimedia

Source: WIkimedia

When she gets to the bathroom, her husband asks, "Who was that?"

"It was Bob the next door neighbor," she replies.

Source: Pixhere

Source: Pixhere

"Great," the husband says, "did he say anything about the $800 he owes me?"

Moral of the story: If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.

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