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MasterG2kTR -> How The Bailout Works (best explanation yet) (4/2/2009 6:07:34 PM)
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Young Chuck in Montana bought a horse from a farmer for
$100. The farmer agreed to deliver the horse the next
day.
The next day the farmer drove up and said, "Sorry
son, but I have some bad news... the horse died."
Chuck replied, "Well, then just give me my money
back."
The farmer said, "Can't do that. I went and
spent it already."
Chuck said, "Ok, then, just bring me the dead
horse."
The farmer asked, "What ya going to do with
him?"
Chuck said, "I'm going to raffle him off."
The farmer said, "You can't raffle off a dead
horse!"
Chuck said, "Sure I can, watch me. I just
won't tell anybody he's dead."
A month later, the farmer met up with Chuck and asked,
"What happened with that dead horse?"
Chuck said, "I raffled him off.
I sold 500 tickets at two dollars a piece and made a
profit of $998."
The farmer said, "Didn't anyone complain?"
Chuck said, "Just the guy who won. So I gave
him his two dollars back."
Chuck grew up and now works for the government.
He's the one who figured out how this
"bail-out" is going to work.
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