credit crunch explained irish style

reonvore

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Cork, Ireland.
> Young Padraic from Galway bought a donkey from a farmer for EUR100 The

> farmer agreed to deliver the donkey the next day.
>
> The next day the farmer drove up and said, 'sorry son, but I have
> some bad news, the donkey died.'
> Young Padraic replied, 'well, then just give me my money back...'
>
> The farmer said, 'can't do that. I went and spent it already..'
>
> Young Padraic said, 'OK, then, just bring me the dead donkey.'
>
> The farmer asked, 'what ya gonna do with him?
>
> Young Padraic said, 'I'm going to raffle him off.'
>
> The farmer said, 'you can't raffle off a dead donkey!'
>
> Young Padraic said, 'sure I can, watch me. I just won't tell anybody
> he's dead.'
>
> A month later, the farmer met up with Young Padraic and asked, 'what

> happened with that dead donkey?'
>
> Young Padraic said, 'I raffled him off. I sold 500 tickets at EUR2
> apiece and made a profit of EUR898'
>
> The farmer said, 'didn't anyone complain?'
>
> Young Padraic said, 'just the guy who won. So I gave him back his
EUR2'
>
> Young Padraic became an investment broker for Anglo Irish Bank.


>

:aidan
 


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