High Finance

The Fuzz was listening to the radio the other day. Someone was explaining the financial world system. The best he could make out was it works like this.

1) A borrows 10 bucks from B.
2) A gives B IOU.
3) B sells IOU to C at a profit*.
4) D borrows 10 bucks from E.
5) D gives E IOU.
6) E sells IOU to C at a profit*.
7) C staples the IOUs together and sells them to F at a profit*.
8) F sells the lot to G at a profit*.
9) G sells to H at a profit*.
10) A&D skip town.
11) H sells to I at a profit*.
12) I can't find A or D to collect on IOUs.
13) Congressman J borrows 25 bucks from China to give to I.
14) I gives congressman J 5 buck campaign contribution.
15) Taxpayer U owes China 30 bucks.

At least that's the best he could make of it. But we have to remember that The Fuzz is just a dumb-ass garbage man so we shouldn't expect him to understand these things.




*Just where this profit comes from is one of the things The Fuzz doesn't quite get.