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Registered Member #96
Joined: Thu Feb 09 2006, 05:37PM
Location: CI, Earth
Posts: 4062
Hi all.
Found this online, sounds legit.
"In 70 BC, an ambitious minor politician and extremely wealthy man, Marcus Licinius Crassus, wanted to rule Rome. Just to give you an idea of what sort of man Crassus really was, he is credited with invention of the fire brigade. But in Crassus' version, his fire-fighting slaves would race to the scene of a burning building whereupon Crassus would offer to buy it on the spot for a tiny fraction of its worth. If the owner sold, Crassus' slaves would put out the fire. If the owner refused to sell, Crassus allowed the building to burn to the ground. By means of this device, Crassus eventually came to be the largest single private land holder in Rome, and used some of his wealth to help back Julius Caesar against Cicero. "
So thats where the term came from. One mystery explained.
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Origin of the term "fire sale"
