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View Full Version : The Enron Case - for those with difficulty undersatnding it



rebel with a cause
20th May 2002, 02:24
from my email:

For those who can't understand the Enron case, this is the simplest way to put it.

An old country farmer with serious financial problems bought a mule from another old farmer for $100, who agreed to deliver the mule the next day.

However, he drove up the next day only to report:

"I have some bad news, the mule died."

>"Well just give me my money back then."

"Can't, already spent it"

>"OK then, just unload the mule"

"What are ya gonna do with a dead mule?"

>"I'm gonna raffle him off."

"You can't raffle off a dead mule!!"

>"Sure I can, I just won't tell anyone he's dead."

A month later the two met up, the farmer who sold the mule asked:

"Whatever happened to the dead mule?"

>"I raffled him off, just like I said I would, I sold 500 tickets at $2 apiece and made a profit of $998."

"Did anyone complain?"

>"Just the guy who won, so I gave him his two bucks back."

Reuben
20th May 2002, 08:44
thanks alot

FtWfTn
20th May 2002, 13:05
lol