Friends,
Bank of Americas’ $1.2 billion fine for money laundering got me thinking about ice cream. What do ice cream and Bank of America have in common? I’m glad you asked. When you go to Ecuador, you might notice numerous small tents along the highway shoulder, where an informal vendor stands all day waving a giant cardboard ice cream cutout. The funny thing is that there never seem to be any customers stopping to buy the delicious helados de Salcedo they pitch. Yet the setup feels conspicuously uniform. The same tents, cutouts, signage, and ice boxes, like that of a successful chain. Where does the money come from and how do they stay in business? If I were a drug lord, I might set up an ice cream factory, offer these folks gear, inventory, and a payment for saying they sold a lot of ice cream. It is after all a cash business. Then again maybe I just have a dirty mind. In any event, I’m glad there are no roadside donuts. Yet.
Happy Friday!
Bank of Americas’ $1.2 billion fine for money laundering got me thinking about ice cream. What do ice cream and Bank of America have in common? I’m glad you asked. When you go to Ecuador, you might notice numerous small tents along the highway shoulder, where an informal vendor stands all day waving a giant cardboard ice cream cutout. The funny thing is that there never seem to be any customers stopping to buy the delicious helados de Salcedo they pitch. Yet the setup feels conspicuously uniform. The same tents, cutouts, signage, and ice boxes, like that of a successful chain. Where does the money come from and how do they stay in business? If I were a drug lord, I might set up an ice cream factory, offer these folks gear, inventory, and a payment for saying they sold a lot of ice cream. It is after all a cash business. Then again maybe I just have a dirty mind. In any event, I’m glad there are no roadside donuts. Yet.
Happy Friday!

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