previous posts
- Glastic Brands
- Jellyfish
- Hail Bordeaux
- Methane Clouds
- Close Encounters
- Squidgy on the Inside
- Pounds, Shilling and Wine
- Rudolf's Bio
- Low On Juice
- Boiled Aphids
- Anyone for Home Secretary?
- Prehistoric Vienetta
- Frozen Dog Turd
- A Lung Full of Air
- The Big Bitter
Links to Other Blogs/Sites
- Jack Keller's Wine Blog
- Wine Wire
- Sour Grapes
- Vinography
- Jamie Goode's Wine Blog
- The Pour
- Spittoon
- Basic Juice
- Fermentation
- Winehiker Witiculture
- Wein-Plus
- 365corks.com
- Complete Wine Course
- morethanorganic.com
- Vivi's Wine Journal
- Nat Decants Free E-Newsletter
- London Restaurants - Square Meal
- Lloyd Morgan
- Classic Wines
- Guardian food blog
- allaboutyou.com
- Little House Wine
- The Italian Wine Blog - Wine 90
- Berrys' Wine Blog
- redwine.co.uk
- Martin's in La La Land
- These Glory Days
- Wine Wire
- Cambridge Guide
RSS Feed| August 23, 2009 |
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Did you know that according to this article the banks in Italy are thinking about accepting quality cured ham and wine as collateral for loans to help out struggling retailers. They have been accepting wheels of Parmesan cheese for some time in turn for better interest rates, so this would just be an extension. I love the idea of talking about wine reserves rather than gold. Giving Gordon Brown the keys to gold vault in the UK is a bit like letting Oddjob loose in Fort Knox without Bond in tow. Gold...what gold?. So we need some other valuable commodity. Why not wine...... Imagine if these deli assets were repackaged by the Italian banks and sold on as complex food based securities to other banks in the world. Say Italian borrowers default on the loans, and the banks then discover that the securities are not based on truth, just confusing maths by a nerd in a back office. In reality the ham is spam, the wine is faked and the cheese is Babybel. Hey presto a deli crunch (sounds like an exciting new muesli bar). Have your say |