The Banking Crisis simply explained
John bought a donkey from a farmer for £100 and the farmer agreed to deliver the donkey the next day. But the next day he drove up and said, “Sorry son, but I have some bad news. The donkey’s died.”
John replied, “Well then just give me my money back.”
The farmer said, “I can’t do that, I’ve already spent it.”
John said, “OK then, just bring me the donkey.”
The farmer asked, “What are you going to do with him?”
John said, “I’m going to raffle him off.”
The farmer said, “You can’t raffle a dead donkey.”
John said “Sure I can. Watch me. I just won’t tell anybody he’s dead.”
A month later, the farmer met up with John and asked “What happened with that dead donkey?”
John said, “I raffled him off. I sold 500 tickets at £2 apiece and made a profit of £898.” The farmer said, “Didn’t anyone complain?”
John said, “Just the guy who won. So I gave him his £2 back.”
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