We’ve witnessed many weird and fascinating things in these six years of zero interest rates and quantitative easing but nothing that we’ve seen has personified the looseness of monetary policy like what was uttered on RCI Hospitality’s second quarter call. By way of background, RCI Hospitality is an operator of “adult themed” clubs. Yes, those kinds of clubs. The CEO, answering a question from an analyst about the great rate they just received from a bank on the first ever bank loan ever given to the company, stated the following:

“I told somebody if you told me 6 months ago we’d be doing bank loans, I’d be still be laughing today but I’m not laughing. We’re getting good, solid loans. Great terms. From the people that I’ve talked — some of the bank presidents that we’ve borrowed money from and the people I’ve talked to, I have asked them how did you get past it and the biggest thing we have is these banks have so much liquidity and no place to put the money. And so they have to choose between a bad loan or stretching their morals a little bit.”

Well, there you have it folks. Quantitative easing: bad for savers, great for strip club operators. In all seriousness, the unforeseen consequences during these past few years continue to pile up. Who knows what the future holds but at least for RCI the looser present has paid off handsomely.