Where The Banking Crisis Started

Ironically, the current banking crisis Started in Ireland …

A young man called Patrick bought a donkey from a farmer for £100

The farmer agreed to deliver the donkey the next day.

He turned up and said, “Sorry Pat, I have some bad news. The donkey died”

Pat replied, “Well then just give me my money back”

The farmer said, “Can’t do that. I’ve already spent it”

“OK then, just bring me the dead donkey” says Pat

The farmer asked, “What are you going to do with him?”

“I’m going to raffle him off”

The farmer said – “You can’t raffle a dead donkey!”

Pat said – “Sure I can. Watch me.  I just won’t tell anybody he’s dead”

A month later, the farmer met up with Pat – “What happened with that dead donkey?”

“I raffled him off. I sold 500 tickets at two pounds a piece and made a profit of £898”

The farmer said – “Didn’t anyone complain?”

Pat said –  “Just the guy who won.  I gave him his two pounds back! “



Pat now works for the Royal Bank of Scotland


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5 thoughts on “Where The Banking Crisis Started

  1. Quite right John – I think the classic perhaps would be our Pension Pot – which is in the state it is directly because of Pat and his donkey – The government are still encouraging us to put money into something that might well not be there when we want it !!!!!

  2. Ha Ha thats a good analogy dave,the problem is people are gulable enough to beleive that something exists that doesnt and then are gulable enough to pay for that same imaginary thing that dissapears even though it never really existed -can it be anything other than a swindle? of course not uness it is state sanctioned and made law thus ensuring the swindle remains perpetual even though the swindled may notice it to be so.