Explanation of the Financial Crisis
Date: Sat, December 6, 2008 11:13
Sona
Save the Earth, it's the only planet with Chocolate
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Explanation of the Financial Crisis
Young Chuck bought a donkey from a farmer for $100. The farmer agreed to
deliver the donkey the next day.
The next day he drove up and said, 'Sorry son, but I have some bad news, the
donkey died.' Chuck replied, 'Well, then just give me my money back.' The
farmer said, 'Can't do that. I went and spent it already.' Chuck said,
'Ok, then, just bring me the dead donkey.' The farmer asked, 'What ya
gonna do with him? Chuck said, 'I'm going to raffle him off.' The farmer
said "You can't raffle off a dead donkey!' Chuck said, 'Sure I can, watch
me. I just won't tell anybody he's dead.'
A month later, the farmer met up with Chuck and asked, 'What happened with
that dead donkey?' Chuck said, 'I raffled him off. I sold 500 tickets at
two dollars a piece and made a profit of $998.' The farmer said, 'Didn't
anyone complain?' Chuck said, 'Just the guy who won. So I gave him his
two dollars back.' Chuck now works as a consultant for Goldman Sachs, JP
Morgan and the US Federal Reserve.
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