All bankers out there; take note. With Moody's Investors Service saying default rates are going to rise in 2006, it might be wise to look into some of the methods of The Jammu and Kashmir State Financial Corp. in India. In cases of non-compliance, the JKSFC will not only seize the defaulter's mortgaged properties and take legal action, it will also send officials to the defaulter's residence and business to beat drums nonstop and publish their photograph in the newspaper. Defaulters, you've been warned.
