From Clusterstock:
"You have two cows.Read the rest of it here. Pretty funny!
John Paulson borrows one cow so he can sell it for $100. He gives you $10 as collateral.
You buy your neighbors cow for $100, which you finance by taking out a $90 loan from the bank and use John's $10 to make up the rest."
1 comment:
I couldn't stop laughing and all the comments under that original article are almost as good as the explanation itself. It doesn't hurt to have a little laugh with this whole crisis, does it. Thanks.
Jay
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