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Old 10th May 2010, 01:57   #1
andy
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Default Banking crisis explained - well it amused me

just been sent this - apologies if its been seen before, its new to me

The (American)Banking crisis explained

Young Chuck moved to Texas and bought a donkey from a farmer for $100.00. 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 apiece and made a profit of $898.00.'
The farmer said, 'Didn't anyone complain?'
Chuck said, 'Just the guy who won, So I gave him back his two dollars

Chuck now works for Goldman Sachs.

Andy
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Old 10th May 2010, 13:44   #2
Roverowner
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The donkey being building soc. and other pension funds. Pay now and we promise to see you right (on the night). Course go into liquidation and the promise is also liquid (oh what a shame, the markets are out of our controll......)
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