See More Hear More Watch More Hear More Get on iTunes
Reddit reddit

Collateral Cheese

Italy's Credem Bank takes parmesan cheese from local producers in exchange for cheap loans (charging 3-5% interest, depending on quality) and a fee ensuring the cheese matures properly (2 years) in the bank vault. Cheese is sold if the loan defaults. 430, 000 wheels worth $200 million or more are stored there http://goo.gl/3neUDg #PopNews

UP NEXT

More from