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Saturday, 11/15/2014 9:12:37 PM

Saturday, November 15, 2014 9:12:37 PM

Post# of 118202

Traditional 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.”

American 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 intermediary to a Cayman Island company secretly owned by a majority share holder 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. You sell one cow to buy a new President of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull."

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