You can’t dust for vomit

A word about credit risk mitigation Go Premium Legal security: Mortgage • Pledge • Lien • Bailment Equitable security: Charge • fixed • floating | ABWOS | Equitable lien Credit risk mitigation: Title transfer | Guarantee | Letter of credit | Netting Friends and relations: Rehypothecation | Equivalent Documents: 1994 NY CSA | 1995 CSA | 1995 ISDA CSD (English law) Regulation: LPA 1925 | Financial Collateral Regulations | LPMPA 1994 Index: Click ᐅ to expand: Taking security Security Collateral Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

Marty DiBergi: Your first drummer was —

David St. Hubbins: John “Stumpy” Pepys. Great great, tall blond geek with glasses. Good drummer: great look, good drummer. Marty DiBergi: What happened to him? David St. Hubbins: He died. He died in a bizarre gardening accident, some years back.
Nigel Tufnel: It was really one of those things. It was – you know, the authorities said, you know, best leave it — unsolved, really.
Marty DiBergi: And he was replaced by — ahh? Nigel Tufnel: Stumpy Joe. Eric “Stumpy Joe” Childs.
Marty DiBergi

: And what happened to Stumpy Joe?

Derek Smalls: Well, it’s not a very pleasant story, but — he died. He choked on — the official explanation was he choked on vomit. He passed away. Nigel Tufnel: It was actually – it was actually someone else’s vomit. You know, there’s no real — Derek Smalls: Well, they can’t prove whose vomit it was. They don’t have the ability—there’s no way of— Nigel Tufnel: You can’t really dust for vomit.}}}} You can’t custody cash. This is the banker’s version of Nigel Tuffnel’s famous dictum, and yes it is just a weak excuse to include one of JC’s favourite lines from one of JC’s favourite movies.