Spins on the Internet
The banking crisis explained
Young Stern moved to Texas and bought a donkey from a farmer for $100.00. The farmer agreed to deliver the donkey the next day.
The next day he drove up and said, Sorry son, but I have some bad news,
the donkey died".
Stern replied, "Well, then just give me my money back." The farmer said, "Can't do that. I went and spent it already".
Stern said, "'OK, then, just bring me the dead donkey".
The farmer asked, "What a ya gonna do with him? Stern said, "I''m going to raffle him off".
The farmer said "You can't raffle off a dead donkey!' Stern said, "Sure I can. Watch me. I just won't tell anybody he's dead".
A month later, the farmer met up with Stern and asked, "What happened with that dead donkey"?
Stern said, "I raffled him off. I sold 500 tickets at two dollars apiece and made a profit of $898.00".
The farmer said, "Didn't anyone complain?" Stern said, "Just the guy who won. So I gave him back his two dollars”.
Stern now works for Goldman Sachs