RANT & CHAT - Politics Allowed

[thepennyking]

Sounds like Enron to me: Pray where is Ken Lay and why did he contribute to Bush?

HONG KONG CAPITALISM:
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 you execute a debt/equity swap with an associated general offer so that you get all 4 cows back, with a tax deduction for keeping 5 cows. The milk rights are transferred via a Panamanian intermediary to a Cayman Islands company secretly owned by the majority shareholder who sells the rights to all 7 cows' milk back to the listed company. The annual report says that the company owns 8 cows, with an option to purchase one more. Meanwhile, you kill the 2 cows because the feng shui is bad.