:: Forums »

#1: What is a Financial Bail-Out? Author: MacD, Location: Canada

Posted: Wed Nov 09, 2011 10:07 am
----
It is a slow day in a damp little Irish town. The rain is beating down harshly, and all the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some room-keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and rushes down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of animal feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the friendly neighbourhood pub. The pub owner slips the money along to the local prostitute drinking at the bar - who, in spite of facing hard times, has always gladly offered him her 'services' on credit. The hooker then rushes over to the hotel and pays off her room bill to the hotel owner with the €100 note. The hotel proprietor quietly replaces the €100 note back on the counter, so that the rich traveller will not suspect anything. At that moment the traveller comes down the stairs, states that none of the rooms are satisfactory, picks up the €100 note, pockets it and leaves town.

No one has produced anything. No one has earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism.

And that, dear ladies and gentlemen, is how a basic financial bailout package works!

#2: Re: What is a Financial Bail-Out? Author: inthedark, Location: Ontario

Posted: Wed Nov 09, 2011 11:23 am
----
Friggn EXCELLENT!!!!!

#3: Re: What is a Financial Bail-Out? Author: inthedark, Location: Ontario

Posted: Wed Nov 09, 2011 11:24 am
----
I just had to send this off to my boys.

#4: Re: What is a Financial Bail-Out? Author: stovepipe, Location: Pine, Az.

Posted: Wed Nov 09, 2011 11:50 am
----
I think the pivotal constituent here is the hooker on credit- w/o her the system would have collapsed!

#5: Re: What is a Financial Bail-Out? Author: inthedark, Location: Ontario

Posted: Wed Nov 09, 2011 12:11 pm
----
Thank God for small business women!

#6: Re: What is a Financial Bail-Out? Author: Ominivision1, Location: Iowa

Posted: Wed Nov 09, 2011 12:12 pm
----

inthedark wrote:

Thank God for small business women!

#7: Re: What is a Financial Bail-Out? Author: Elvis, Location: south island New Zealand

Posted: Wed Nov 09, 2011 2:01 pm
----
very good its been here before but worth the 2nd read. just as well the tax man didnt try to claim his 15% GST on each transaction or there would be none left.

#8: Re: What is a Financial Bail-Out? Author: stovepipe, Location: Pine, Az.

Posted: Wed Nov 09, 2011 2:05 pm
----
Obama just passed a tax on Xmas trees here....15 cents a pop.

My GOD, what's next. .....

-> Jokes & Humor

All times are GMT - 7 Hours

Page 1 of 1