Thursday, March 19, 2009

Evil geniuses for a better tomorrow?

Från Vanity Fair via DN, här kommer en lustig definition av vad som orsakat den ekonomiska krisen:
Yet another hedge-fund manager explained Icelandic banking to me this way: "You have a dog, and I have a cat. We agree that they are each worth a billion dollars. You sell me the dog for a billion, and I sell you the cat for a billion. Now we are no longer pet owners, but Icelandic banks, with a billion dollars in new assets."

Contributors

Blog Archive