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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (2579)	5/15/2002 9:17:26 AM
From: Chip McVickar	Respond to of 206741

For Those Who Can't Understand The Enron Case....! Here's the simplest equivalent example.... so that everyone can understand: An old country farmer with serious financial problems bought a mule from another old farmer for $100, who agreed to deliver the mule the next day. However, the next day he arrived and said, "Sorry, but I have some bad news...! The mule died while carring a load." "Well, then, just give me my money back." "Can't do that. I went and spent it already." "OK, then. Just unload the mule." "What ya gonna do with a dead mule?" "I'm going to raffle him off." "You can't raffle off a dead mule!" "Sure I can. I just won't tell anybody he's dead." A month later the two met up and the farmer who sold the mule asked, "Whatever happened with that dead mule?" "I raffled him off just like I said I would. I sold 500 tickets at $2 a piece and made a profit of $898." "Didn't anyone complain?" "Just the guy who won. So I gave him his two dollars back."