Banking crisis explained

[Richie200]

The Irish Banking Crisis simply explained...

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:'Well then just give me my money back.'

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

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

'What are you going to do with him?'
'I'm going to raffle him off.'
'You can't raffle a dead donkey!'
'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: 'I raffled him off. I sold 500 tickets at two pounds a piece and made a profit of £898'
'Didn't anyone complain?'

'Just the guy who won. So I gave him his two pounds back.'

Paddy now works for the Royal Bank of Scotland!

[groak]

Edited by groak on Friday 24th December 16:24

[ShadownINja]

Not quite correct. I'd say the winner sold said donkey for £3. Suddenly, the demand for dead donkeys increased and a dead donkey bubble formed.

[AndrewW-G]

ShadownINja said:

Not quite correct. I'd say the winner sold said donkey for £3. Suddenly, the demand for dead donkeys increased and a dead donkey bubble formed.

And of course not forgeting the halfwit who was regulating the donkey welfare and trading guidlines, that were the cause of the donkey keeling over in the first place and allowed a dead donkey to be raffled off, even though people kept telling him his guidlines would end in tears