🚀 go-pugleaf

LOL!

That is hilarious!

"The TRVTH" <nospam@newsranger.com> wrote in message
news:3Ly28.625$YH6.126@www.newsranger.com...
> In article <a2e90d$2ti3$1@pencil.math.missouri.edu>, Mark Graffis says...
> >
> >How to Explain Enron to Your Children:
> >
> >Feudalism - You have two cows. Your lord takes some of the milk.
> >
> >Fascism - You have two cows. The government takes both, hires you to take
> >care of them, and sells you the milk.
> >
> >Communism - You have two cows. Your neighbors help take care of them and
you
> >share the milk.
> >
> >Totalitarianism - You have two cows. The government takes them both and
> >denies they ever existed and drafts you into the army. Milk is banned.
> >
> >Capitalism - You have two cows. You sell one and buy a bull. Your herd
> >multiplies, and the economy grows. You sell them and retire on the
income.
> >
> >Enron Venture Capitalism - You have two cows. You sell three of them to
your
> >publicly listed company, using letters of credit opened by your
> >brother-in-law at the bank, then execute a debt/equity swap with an
> >associated general offer so that you get all four cows back, with a tax
> >exemption for five cows. The milk rights of the six cows are transferred
via
> >an intermediary to a Cayman Island company secretly owned by the majority
> >shareholder who sells the rights to all seven cows back to your listed
> >company. The annual report says the company owns eight cows, with an
option
> >on one more.
>
>