Russian Collateral for the World Bank
Trying to borrow money from the World Bank, the Russian finance minister was
asked what he could put up for collateral.
“Well,” he said,
“we have
countless deposits of oil and minerals such as gold and silver.”
“Those are all underground,” the bank agent replied.
“What do
you have above ground?”
Inflating his chest, the minister said,
“We have
superb Russian leaders.”
Unimpressed, the bank representative said,
“You can
have your loan, Mr. Minister, when the two trade places.”