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Enron Mail |
Eric,
I'm sure by now u've seen this. Is your e-mail addy gonna stay the same? <Subject: Enron story <Date: Wed, 30 Jan 2002 18:55:13 EST < <An update on an oldie - < < < How to Explain Enron to Your Children: < < * Feudalism - You have two cows. Your lord takes some of the milk. < < * Fascism - You have two cows. The government takes both, hires < < you to take care of them, and sells you the milk. < < * Communism - You have two cows. Your neighbors help take care of < < them and you share the milk. < < * Totalitarianism - You have two cows. The government takes them < < both and denies they ever existed and drafts you into the army. < < Milk is banned. < < * Capitalism - You have two cows. You sell one and buy a bull. < < Your herd multiplies, and the economy grows. You sell them and < < retire on the income. < < * Enron Venture Capitalism - You have two cows. You sell three < < 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 that you < < get all four cows back, with a tax exemption for five cows. < < The milk rights of the six cows are transferred via an < < intermediary to a Cayman Island company secretly owned by the < < majority shareholder who sells the rights to all seven cows < < back to your listed company. The annual report says the company < < owns eight cows, with an option on one more. < < < < _________________________________________________________________ Send and receive Hotmail on your mobile device: http://mobile.msn.com
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