[wildbill]

Apparently all the banks in Naaru are shells (no pun intended--well, maybe a little one.)

Sixty Minutes did a piece on them some years ago. Seems Naaru is an island that sold off most of its land area which consisted mainly of nitrate rich bird droppings (I swear I'm not making this up) to fertilizer companies. This left the islanders with an island that looked like a donut because of the big hole in the center, surrounded by a narrowing strip of land holding back the Pacific.

The banking scam came as a result of trying to broaden their economic base.

[Doctor Stochastic]

The banking scam came as a result of trying to broaden their economic base.

Perhaps they should look at broadening their shoreline.