Don't Lend to Doomsday Sects

A small Utah-based lender, the Bank of Ephraim, collapsed after discovering that 90% of its loan portfolio consisted of loans to a doomsday sect of fundamentalist Mormons. Sect members, believing that the end of the world was imminent, took an oath several years ago to drain the bank of money before doomsday. They borrowed $18 million to start watermelon farms with no watermelons, motels that collapsed as soon as they were built, and other transparently phoney business ventures.

State regulators discovered the scam as part of a crackdown on Mormons who still practice polygamy. Wouldn't want to scare away the tourists, would we?