zoomerang II
War Child
Capitalism:
You can have 2 cows. You sell one and buy a bull. Your herd multiplies and the economy grows. You sell them and retire on the income.
Communism:
You have 2 cows. Your neighbors help take care of them and you all share in the milk.
Enronism:
You have 2 cows.
You sell 3 of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so you get all 4 cows back, with a tax exemption for 5 cows. The milk rights of the 6 cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder, who sells the rights to all 7 cows back to your listed company.
The annual report states that the company owns 8 cows, with an option on one more.
You can have 2 cows. You sell one and buy a bull. Your herd multiplies and the economy grows. You sell them and retire on the income.
Communism:
You have 2 cows. Your neighbors help take care of them and you all share in the milk.
Enronism:
You have 2 cows.
You sell 3 of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so you get all 4 cows back, with a tax exemption for 5 cows. The milk rights of the 6 cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder, who sells the rights to all 7 cows back to your listed company.
The annual report states that the company owns 8 cows, with an option on one more.