Cute story, not really accurate in the situation right now. Maybe
regarding the auto industry one perhaps. The Wall Street bailout is
more along the lines of let's watch what is going on less and less no
matter the potential impact.
Maybe if the story included lets give people more and more money even
though they can't afford it. Let's then sell the debt we own to each
other until it gets so big and risky no one wants it. Let's then go
to the people to save us from ourselves.
--Larry
On Dec 23, 2008, at 12:14 PM, Fabien Roy wrote:
My brother sent me the following:
Once upon a time a man appeared in a village and announced to the
villagers that he would buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out
to the forest and started catching them.
The man bought thousands at $10 and, as supply started to diminish,
the villagers stopped their effort. He next announced that he would
now buy monkeys at $20 each. This renewed the efforts of the
villagers and they started catching monkeys again.
Soon the supply diminished even further and people started going
back to their farms. The offer increased to $25 each and the supply
of monkeys became so scarce it was an effort to even find a monkey,
let alone catch it!
The man now announced that he would buy monkeys at $50 each!
However, since he had to go to the city on some business, his
assistant would buy on his behalf.
In the absence of the man, the assistant told the villagers: " Look
at all these monkeys in the big cage that the man has already
collected. I will sell them to you at $35 and when the man returns
from the city, you can sell them to him for $50 each."
The villagers rounded up all their savings and bought all the
monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and lots of
monkeys!
Now you have a better understanding of how the WALL STREET BAILOUT
PLAN WILL WORK!
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