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Pawnshops for prosperous accept wine as collateral
Feb 22nd, 2012
NEW YORK (Reuters) - Some U.S. pawnbrokers are taking liquid assets - literally. Along with family jewels and fine art they will accept wines as collateral for loans to help ease cash shortages of businesses and people on all rungs of the economic ladder. "You'd be amazed by how many wealthy individuals have terrible credit ratings," said Jordan Tabach-Bank, head of Beverly Loan Co. in Beverly Hills, California. "And besides, if you go to a bank, it can take weeks or months to get a loan. ... (Source: Reuters) -
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