Farmer Repays Bank Loan With Manure - A Russian farmer, who was angry and fed up with the nation's high interest rates and the entire banking system, took matters into his hands - by repaying a bank loan with a truckload of manure.

According to local reports, 42-year-old Alexander Bakshayev on Friday repaid his 40,000 rubles ($610) loan by dumping a truckload of animal dung at the steps of a state run bank in western Siberia.

Bakshayev, who owns 70 cows and 20 piglets, said the manure was exactly the equivalent to the loan he owes the bank.

He also said he earned an annual salary of less than $500 and was more than $15,000 deep in debt.

According to NBC News reports, Bakshayev decorated the pile of manure with posters and miniature gallows citing his frustration with the Russian banking system.

Some of the posters read: ''Down with credit slavery" and "Banker are the enemies of the people."

"The whole of Russia somehow owes something now to these lickspittle good-for-nothing bankers with nothing to do," Bakshayev was quoted saying to local reports.

Reports indicate that authorities of the Siberia bank, Bakshayev's creditors, were obviously not pleased with his actions, calling it an act of "Hooliganism."

Local sources say police in the city of Kuybyshev have not arrested the angry farmer because they saw no reason to do so.

Reports indicate that when Bakshayev dumped the heap of manure in front of the bank's steps, guards were not present.

Despite his frustration, Bakshayev knows that it is highly unlikely that bank would accept the truckload of manure as a legitimate form of payment for the loan.

He said he did it to shed light on the plight of modern Russian farmers.