Enron an explination

[Arvon]

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 eight more. Additional options are made available to your
employees who may exercise them any time after 5 years.

[Barry the Sprout]

LOL! There are quite a few of those aren't there .

European Beaurocracy - You have two cows. The EU pays you not to milk one cow, and to keep the other on fallow land. The EU then shoots one of your cows and requires you to provide paperwork as to the whereabouts of both cows.

Surrealism - You have two giraffes. The government requires you to take harmonica lessons.

British socialism - You have two cows, which are nationalised. You, as a cow farmer, are put in charge of the chickens. The goatherd is made to milk the cows.

Thatcherism - You have two cows, but you are able to stop them going on strike, so that is ok. If you can't sell the milk get on your bike and look for a buyer!

Blairism - You have two cows. The government sets up a focus group to find out why the cows are excluded from society.

Cambodian communism - You have two cows. The government takes both cows and shoots you.

[KHaN]

Hmmm...what do you get when you cross the 2 Bush administrations? Voodoo-Enronomics. (Ya I know it was lame so sue me).

[Blind_Prophet]

quote:

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Originally posted by KHaN:
Hmmm...what do you get when you cross the 2 Bush administrations? Voodoo-Enronomics. (Ya I know it was lame so sue me).

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LOL well it least you admited it was lame.