So Billy's out $102 as the farmer didn't return the principle payment and he had to repay $2 to the winner.
Maybe the farmer took bets that Billy couldn't raffle-off the dead donkey...Billy found out about this and bet $500 once he had raised sufficient capital at 5:1 leverage (odds) and bagged a tidy $2,500 from the farmer and $900 from the raffle. The farmer, now in distress, asks the government for assistance as this could ruin the local farming trade; Billy asks for money too as he's left with a dead donkey which is rapidly becoming a 'Toxic Asset'. Both the farmer and Billy are awarded TARP. The first thing Billy does, is conducts a new raffle using the same donkey. The town-folk are now wise and each bet $100 with the farmer that Billy won't be able to pull it off and scam them again. The financially distressed town folk borrow the money from the cashed-up farmer (his TARP) at the rate of 5% (Greece) and make the bet at the same time. The farmer holds all of the funds as Billy then takes 5 years to slowly sell raffle tickets. Finally Billy gives-in and the bets are returned, except of course for 5 years at 5% interest. The farmer bags $25 from each of the 500 town-folk and repays his TARP, leaving $10,000 profit. Billy repays his TARP funds which he never really needed in the first place and bags 5% interest at the bank, making a profit of $625.
Soon the town-folk are themselves under financial distress and ask the wealthy farmer for Austerity loans. The farmer agrees, but at 5% and that the farming community must buy his milk (Germany to Italy) and seeds from his newly formed company, thus establishing an economic cross-trade.
With his new job and $1525 Billy opens up a Goldman-Sachs office in the town and offers financial guidance to the wealthy farmer who has recently formed a company called Monsanto which specialises in seed productions for high-yield crops but without the ability to seed themselves.
And they all live happy-ever-after.
Fail!
Last edited by Nesti; 22-05-2010 at 03:48 PM.
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