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Debate and Discussion Discuss Explaining Enron in the Discussions forums; From WallStreet Universe 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 ...

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Explaining Enron - 01-19-02

From WallStreet Universe

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.





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01-19-02

haha.. makes sense
  
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01-19-02

That curdles my milk.....
I think the bunnie likes you...



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Drink More Coffee!!!!!
  
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01-19-02

communism gives me the warm fuzzies

don't forget though, you get some of your neighbours milk too and some eggs if they have any.


have you seen my marbles?
  
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01-19-02

I hate milk...


... Time has no bearing...
...when the whiteout begins...

Don't come after me...

  
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01-19-02

actually i'm lactose intolerant. but it's getting better i think, im resisting it more if that makes sense.


have you seen my marbles?
  
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01-21-02

Gracious me . . . . that's insane! I'm going to show my mommy!



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I fucked Vincent Price
  
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01-28-02

when I got that email a year ago it had a lot more cows.

:p
  
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02-02-02

I showed my economics teacher, too. He was amused.



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I fucked Vincent Price
  
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02-05-02

Hehehe...I love this one...


You promised me the ending would be clear
You'd let me know when the time was now
Don't let me know when you're opening the door
Stab me in the dark, let me disappear
  
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03-01-02

Quote:
Originally posted by Aeternus
I hate milk...
I hate it too- plus I'm allergic to it. Damn stuff does horrible twisted things to me.
  
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