Collapse Of Atlanta Bank Means FDIC Owns A Rapper's Tour Bus That Reeks Of Marijuana

pot weed marijuana mexico drugs cartel

The FDIC has plenty of repossessed collateral to pawn off to the public this year, including a 2001 Ferrari and a tour bus that reeks of pot:

Bloomberg: The financial crisis that popped the real estate bubble and pushed U.S. bank failures to a 17-year high landed the Federal Deposit Insurance Corp. a rapper’s tour bus that reeked of marijuana.

“It smelled so bad of pot after one tour that they had to completely pull out most of the interior and replace it,” said Jerry Jenkins, who sold the bus at Penny Worley Auctioneers after the FDIC acquired it in the collapse of an Atlanta bank. “By the time we got it, it was almost brand-new.”

Read the whole story >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.