THE CURRENT BANKING CRISIS EXPLAINED

[ianmac]

Young Paddy bought a donkey from a farmer for ?100.

The farmer agreed to deliver the donkey the next day.

The next day he drove up and said, 'Sorry son, but I have some bad news. The donkey's died.'

Paddy replied, 'Well then just give me my money back.'

The farmer said, 'Can't do that. I've already spent it.'

Paddy said, 'OK, then, just bring me the dead donkey.'

The farmer asked, 'What are you going to do with him?'

Paddy said, 'I'm going to raffle him off.'

The farmer said, 'You can't raffle a dead donkey!'

Paddy said, 'Sure I can. Watch me.. I just won't tell anybody he's dead.'

A month later, the farmer met up with Paddy and asked, 'What happened with that dead donkey?'

Paddy said, 'I raffled him off. I sold 500 tickets at two pounds a piece and made a profit of ?898'

The farmer said, 'Didn't anyone complain?'

Paddy said, 'Just the guy who won. So I gave him his two pounds back.'

Paddy now works for the Royal Bank of Scotland .


--- Ian ---

[patkins]

The cute hoor.

[grom_uk]

More explanation of the banking crisis

Who is the odd man out and more importantly, why?

1. Lord Stevenson: former chairman, HBOS
2. Sir Fred Goodwin: former chief executive, RBS
3. Andy Hornby: former chief executive, HBOS
4. Sir Tom McKillop: former chairman, RBS
5. John McFall MP: chairman of Treasury Select Committee
6. Alastair Darling: Chancellor of the Exchequer
7. Gordon Brown: Prime Minister and former Chancellor
8. Sir Terry Wogan: former presenter of Radio 2's Breakfast Show
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You're probably thinking Terry Wogan...... and you are right .

However the reason might surprise you. .

Terry Wogan is the only one out of this motley crew who actually holds any formal banking qualifications

[patkins]

You got that one right.