HomeSubmit Joke Search Top Jokes
Jokes Categories
 

Voodoo Enronomics

Not Rated ( 0 votes ) | Views: 604
PRINT | IM - AWAY MESSAGE

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. You must take care of them, but the government takes all the milk.

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 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 through 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 Enron annual report says the company owns eight cows, with an option on one more.
Rate Joke (5=ROFLMAO, 1=Amusing)

PREVIOUS JOKE   NEXT JOKE

Share With Friends

Your Name   Your Email   
 
     
Friends Names   Friend's Email
 
 
 
 
 
Your Message
Zeebo is the fastest way to find a home in London. Start now! Find a London Property

Daily Jokes Newsletter


Search Jokes