The banking crisis explained

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The banking crisis explained

Post by Erik_Kowal » Sun Dec 18, 2011 10:05 am

Jamie bought a donkey from a farmer for $100. The farmer agreed to deliver the donkey the following day.

The next day the farmer arrived bringing bad news. "Sorry, but the donkey's died".

Jamie replied, "Well then, just give me my money back".

The farmer replied, "I'm afraid I can't do that. I've already spent it".

"OK then", said Jamie, "just bring me the dead donkey".

"Why, what are you going to do with him?" asked the farmer.

"I'm going to raffle him off".

"You can't raffle him off!" the farmer snorted. "The donkey's dead!"

Jamie said, "Of course I can. I just won't tell anybody he's dead".

A month later, the farmer bumped into Jamie in the pub and asked, "Whatever happened with that dead donkey?"

"Like I told you before, I raffled him off", Jamie explained. "I sold 500 tickets at two dollars each and made a profit of $898".

"But he was dead! Didn't anyone complain?" the incredulous farmer asked.

"Only the guy who won", replied Jamie, "so I gave him back his two dollars".

Jamie is now the CEO of Goldman Sachs.
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