I hate this headline. It’s not an actual bank. It’s a storage facility that provides financial products to the producers of PR who need a steady cashflow for day to day operations and can’t afford to wait until the cheese wheels are mature and ready to be sold. So the storage place provides this steady cashflow with the cheese as collatoral basically.
With Europe’s recent heatwaves the facilities that store these wheels are struggling to keep the wheels at the right temperature to make sure they mature right. If they lose the wheels, they lose their collatoral and the whole thing runs the risk of collapsing.
This headline implies that Italy’s banks deal solely in cheese which, even though it would be very funny, is just ludicrous. It’s clickbait nonsense really.
I hate this headline. It’s not an actual bank. It’s a storage facility that provides financial products to the producers of PR who need a steady cashflow for day to day operations and can’t afford to wait until the cheese wheels are mature and ready to be sold. So the storage place provides this steady cashflow with the cheese as collatoral basically.
With Europe’s recent heatwaves the facilities that store these wheels are struggling to keep the wheels at the right temperature to make sure they mature right. If they lose the wheels, they lose their collatoral and the whole thing runs the risk of collapsing.
This headline implies that Italy’s banks deal solely in cheese which, even though it would be very funny, is just ludicrous. It’s clickbait nonsense really.
Fuck you and your big Parmesan cheese propaganda.
We all know that it’s shady long big parm bets propping up the entire Italian economy, and shame on you for trying to mislead small wheel investors.
If anything this just proves that my puts on cheese whiz are the correct investment vehicle for the time being.
Go long on aerosolized cheese bitches.
Well big Parm and Big Pasta
Collateral