How Bankers Explain The Crisis
 

Young Paddy bought a donkey from a farmer for £100.

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's died.'

Paddy replied, 'Well then just give me my money back.'

The farmer said, 'Can't do that. I've already spent it.'

Paddy said, 'OK, then, just bring me the dead donkey.'

The farmer asked, 'What are you going to do with him?'

Paddy said, 'I'm going to raffle him off.'

The farmer said, 'You can't raffle a dead donkey!'

Paddy said, 'Sure I can. Watch me.. I just won't tell anybody he's dead.'

A month later, the farmer met up with Paddy and asked, 'What happened with that dead donkey?'

Paddy said, 'I raffled him off. I sold 500 tickets at two pounds a piece and made a profit of £898'

The farmer said, 'Didn't anyone complain?'

Paddy said, 'Just the guy who won. So I gave him his two pounds back.'
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Paddy now works for the Royal Bank of Scotland !!!

:lol1:

Why, thank you DD ;)

shouldn't that be £998?

500 tickets at £2 each = £1000 - £100 cost of Donkey - £2 returned to winner = £898.

You're not a Banker, are you Dedrater? ;)

:lol:
Very good.

Good one Pete

Les :D

...but before the raffle was drawn, a number of people bought up as many the raffle tickets he could get hold of, bundled them up into little securitised books of raffle tickets as they told each other these were a dead cert to win the donkey and started buying and selling these to one another. Then they heard the donkey died and nobody wanted to buy these books of raffles anymore.............