Wednesday, May 5, 2010

Cinco de Mayo: A Celebration of Loan Defaults

As I was driving down the road, I noticed a group of people who were gathered outside of a bar. These patrons were wearing sombreros, drinking Coronas and tequila shots. I then realized it was Cinco de Mayo.


Many believe that the 5th of May is independence day of Mexico, when in fact it is not. AskMen.com explains:


1- Cinco de Mayo commemorates a victory over France. Mexico owed money to a number of European countries, but in 1861 they went “defaulted student loan” and stopped paying. So France, whose army hadn’t been defeated in 50 years, decided they would force them to pay and, while they were at it, take the country over. French forces were larger, better equipped, and better trained. However, on May 5, 1862, near the city of Puebla, Mexicans armed with pitchforks and limited weaponry won The Battle of Puebla. They drove the French off -- until a year later when the French managed to take over after all. Still, Cinco de Mayo commemorates that brave and unlikely battle.


So tip your beers and slam your tequila shots. And if you really feel the spirit of Mexico, default on your financial obligations. Someday they might just celebrate your shifty character as well.

Source: http://www.askmen.com/entertainment/special_feature_300/329b_5-things-you-didnt-know-cinco-de-mayo.html

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