Posts filed under “Humor”

Big Three Go Green

Or at least they are trying to:

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Category: Bailouts, Humor

A Primer On Fractional Reserve Banking

First published in the British humour magazine “Punch” on April 3, 1957:

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Q: What are banks for?

A: To make money.

Q: For the customers?

A: For the banks.

Q: Why doesn’t bank advertising mention this?

A: It would not be in good taste. But it is mentioned by implication in references to
reserves of $249,000,000,000 or thereabouts. That is the money they have made.

Q: Out of the customers?

A: I suppose so.

Q: They also mention Assets of $500,000,000,000 or thereabouts. Have they made that
too?

A: Not exactly. That is the money they use to make money.

Q: I see. And they keep it in a safe somewhere?

A: Not at all. They lend it to customers.

Read More

Category: Bailouts, Credit, Humor

Clusterf#@k to the Poor House – Bean on a Plate Edition

The heads of Ford, GM and Chrysler humbly drive to Washington to ask for more money.

Category: Bailouts, Humor, Video

Updating ATLAS SHRUGGED for the Financial Crisis

Friday flame bait: Has ever a more pedantic, tedious tome been penned by any theorist before or since Atlas Shrugged? The odious combination of ideological rigidity and academic purity makes for a compelling manifesto for the naive and weak-minded. The work has become the Das Kapital of the 20th century . . . Both were…Read More

Category: Bailouts, Humor, UnScience

Finding Holiday Uses for Stock Shares

Amusing CNBC.com piece about what you can buy with your near worthless stock shares. For example, a single share of Microsoft buys you a 10 pound Butterball turkey. > Thanksgiving Day Dinner: > Holiday Shopping: > Source: Holiday Shopping with Deflated Stocks Ariel Nelson CNBC.com, Monday, 24 Nov 2008 http://www.cnbc.com/id/27888369

Category: Humor, Investing, Markets

Bank of Jamaica

The Bank of Jamaica says: > > hat tip Michael Muhlbach

Category: Humor, Psychology