Moral Bankruptcy

I saw this on Phil Plait’s Bad Astronomy site. Apparently, there is a Latvian firm which accepts souls as a guarantee for credit. My question is, even if the firm managed to get someone’s soul (assuming such a thing were possible) what would they do with it? Companies are in business to make money and they only lend money in order to get more. They get collateral with the idea that if the borrower defaults, they will still have something with which they can make up the loss. What the heck do they think they could do with something intangible and for which there is no proof of existence? And what happens when someone inevitably defaults and either claims not to have a soul or just says “go ahead and take it” and calls their bluff? What kind of legal recourse does this company think that they have for getting back their money?

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8 responses to “Moral Bankruptcy

  1. Collecting souls? Sounds more Latverian to me.

  2. It’s too bad you’re not on the east coast to come to this lecture. Based on your entry, I wager you may find it insightful.

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