Tom is getting into the shower just as his wife is finishing up her shower, when the doorbell rings. She quickly wraps herself in a towel and runs downstairs. When she opens the door, there stands Bob, the next-door neighbour. Before she says a word, Bob says, "I'll give you $800 to drop that towel." After thinking for a moment, she drops her towel and stands naked in front of Bob. After a few seconds, Bob hands her $800 and leaves.
Wrapping herself again in the towel she goes back upstairs. When she gets to the bathroom, her husband asks, "Who was that?" "It was Bob the next door neighbour," she replies. "Great!" the husband says, "did he say anything about the $800 he owes me?"
Moral of the story: If you share critical information pertaining to credit and risk with your shareholders in time, you may be in a position to prevent avoidable exposure.
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