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How The Bail Out Works.

  • Filed under: Stuff
Friday
Oct 17,2008

Young Chuck moved to Texas and 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 for the Goldman Sachs.


Banks to Lend You Your Own Money.

  • Filed under: Stuff
Thursday
Oct 9,2008

THE government is to invest £500bn of your money in British banks so they can lend it back to you with interest.

‘I got confused’
The historic move is being hailed as a lifeline for the financial system as long as nobody asks too many questions.

Julian Cook, chief economist at Corbett and Barker, said: “The government will give your money to the banks so the banks can start lending you that money, probably at around 7% APR.

“Thanks to all the interest you’re paying on your own money, the banks will make billions of pounds again and normality will be restored.
“After a few years of this the government will cash in the bank shares it bought with your money and use the profits to build a huge f*cking dome somewhere.”

He added: “In case you hadn’t already worked it out – the entire global financial system is predicated on the assumption that you’re an idiot.

(more…)

Monday
Feb 18,2008

NEW YORK—Millions of eyewitnesses watched in stunned horror Tuesday as light emptied from the sky, plunging the U.S. and neighboring countries into darkness. As the hours progressed, conditions only worsened.

At approximately 4:20 p.m. EST, the sun began to lower from its position in the sky in a westward trajectory, eventually disappearing below the horizon. Reports of this global emergency continued to file in from across the continent until 5:46 p.m. PST, when the entire North American mainland was officially declared dark.

As the phenomenon hit New York, millions of motorists were forced to use their headlights to navigate through the blackness. Highways flooded with commuters who had left work to hurry home to their families. Traffic was bottlenecked for more than two hours in many major metropolitan areas.

Across the country, buses and trains are operating on limited schedules and will cease operation shortly after 12 a.m. EST, leaving hundreds of thousands of commuters in outlying areas effectively stranded in their homes.

Despite the high potential for danger and decreased visibility, scientists say they are unable to do anything to restore light to the continent at this time. (more…)

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