| Author | Topic |
raushan
UNITED ARAB EMIRATES
|
 Topic initiated on Sunday, January 11, 2009 - 6:56 AM 
Lehman Brothers Capitalism
Socialism: You have two cows. State nationalises one and gives it to your neighbour.
Communism: State takes both and gives you some milk.
Fascism: State takes both and sells you some milk.
Capitalism: You sell one of your cows and buy a bull; herd multiplies, economy grows. Sell them, and retire on income.
Lehman Brothers 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 Bear Stearns, execute a debt/equity swap with an associated general offer so that you get all four cows back, with tax exemption for five. The milk rights of six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights of all seven cows to your listed company. The annual report says the company owns eight cows, with an option for one more. You sell one cow to buy the President of the United States, leaving you with nine cows. No balance sheet provided with the press release. The public then buys your bull.. |
|
aboosait
INDIA
|
Posted - Sunday, January 11, 2009 - 11:33 AM 
quote:
.........Lehman Brothers Capitalism: .........
Was that meant for the 'Smile a While' page? If not I will have to read it again past midnight (peaceful moment) to understand the maths.
Edited by: aboosait on Sunday, January 11, 2009 11:34 AM |
|
raushan
UNITED ARAB EMIRATES
|
Posted - Monday, January 12, 2009 - 6:31 AM
| this story is the most simplest way to explain the cobweb of fraud and corruption that caused recent meltdown. |
|
lofty
UNITED KINGDOM
|
Posted - Monday, January 12, 2009 - 8:57 AM
quote:
this story is the most simplest way to explain the cobweb of fraud and corruption that caused recent meltdown.
Enlightening story brother raushen. |
|
 Reply to Topic 
Printer Friendly |
| Jump To: |
|
|
|