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1 Monkeys> and Wallstreet on Fri Nov 28, 2008 3:20 pm

gypsy


Moderator
This is so true, I wish I had written it.



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 !!!!

2 Re: Monkeys> and Wallstreet on Fri Nov 28, 2008 7:28 pm

rosco 357


Veteran
well maybe its me, but i dont see the association with the bail out which actually was not a wallstreet bail out ,. it was to be used to free up credit, with banks , to lend to each other, and also free credit so ppl could get loans on houses, it was used for many thing, bailed out many things so hugh it would have been much worse to not bail them out , i think paulson has changed the direction of the of money because banks were not benefiting,and work on credit more,,, but its confusing, BUT get ready., because Obama has more money on the way, just as soon as he is swore in, i should have found an article, but he would not give a figure as said on tv, he only said he will do whatever it takes, u said so true, i just dont understand the connection, but again maybe it me, what money has been used was used for many things. but get ready more is on the way. to not bail out some things would cause more lose of money in lost wages and a domino effect and such than was used to bail it out . i heard on tv , that maybe whole shopping malls may colapse, as they are still paying off debt. but we shall see obama has his plan which includes lots more money,for bail out but im not saying that is a bad thing, the dems are at work as we speak, the new congress i do believe takes office before the president, and nancy said they will have obamas plan ready for him to spend,as soon as he is swore in,, as i dont think bush agrees with the money part. alot of this is pure confidence in the markets, i do think obama will have a good plan. or lets pray he will, but its more of the same as i see it..ok ill hush lol, i need to find an article,i think obama plan included gov paid jobs,

3 Re: Monkeys> and Wallstreet on Fri Nov 28, 2008 7:35 pm

gypsy


Moderator
LOL.. whatever Rosco,I understand what it means~

4 Re: Monkeys> and Wallstreet on Fri Nov 28, 2008 7:37 pm

rosco 357


Veteran
gypsy wrote:LOL.. whatever Rosco,I understand what it means~

i know that is what makes it scary, lol

5 Re: Monkeys> and Wallstreet on Fri Nov 28, 2008 7:42 pm

gypsy


Moderator
yes, I figured u would have a wise crack !LOL Rolling Eyes

6 Re: Monkeys> and Wallstreet Today at 12:10 pm

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