The banking crisis

[indalo]

For those of you who may still be wondering how the banking crisis ever happened, I came across this little story which gives a rough approximation of how the banking business works:






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 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.'



Paddy now works for the Royal Bank of Scotland .




Indalo

 

[rotary]

I'm sure that I read this week that Paddy was given a Knighthood in the Queen's Birthday Honours List.
I think that there was a spare one going as Fred the Shred had generously donated his gong as being surplus to requirements. I wonder how long Paddy will be able to hang on to his honour ?
Well done Indalo ! I enjoyed that.
Best regards to all from Rotary....The Black Shadow.