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exnaderite
Junior Chimp
Posts: 7,243
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« on: December 06, 2008, 03:01:08 AM » |
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We've all heard of the "You have two cows" jokes.
Socialism: You have two cows. You give one to your neighbor Communism: You have two cows. You give them to the Government, and the government then gives you some milk. Capitalism: You have two cows. You sell one and buy a bull. Naziism: You have two cows. The Government shoots you and takes the cows.
Anyone have original versions of the joke?
Here's mine:
You have two cows. You discover that the milk and beef rights to the cows can be collateralized into Milk Backed Securities and Collateral Dairy Obligations, in order to obtain financing to breed more cows and produce more milk. Cow Death Swaps are used to spread the financial risk. Soon the entire economy is run based on MBS, CDO, and CDS.
But once the cow's meat grade is found to be sub-prime, your farm falls close to bankruptcy. Since your farm employs everyone in the village, you plea to the government to bail you out and use one of the actual cows as collateral. Then with the bailout money you take a vacation to Tahiti.
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