Years ago 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 the farmer 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, “Okay, 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 bucks.”
The farmer said, “Didn’t anyone complain?”
Chuck said, “Just the guy who won, so I gave him back his two dollars.”
Chuck went on to manage the sub-prime mortgage securities at Goldman, Sachs.
Currently, Chuck is a consultant to the government on how to “sell” the American people on incurring more debt to stimulate the economy, one of the biggest shell games ever perpetrated in America.
Hey Dan, have you watched this video about the credit crisis? Very interesting, but is it accurate?
http://vimeo.com/3261363
Anyways, enjoyed reading your blog.
Thanks! Rich