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How Banks work


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Established Member
10 Nov 2006
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Boston Lincs
This is how banks work with all the products they sell us , In terms I can understand :lol: :lol:

The current banking crisis explained

Young Bob bought a donkey from a farmer for £100. The farmer agreed to deliver the donkey the next day.
The next day he drove up and said, 'Sorry son, but I have some bad news. The donkey's died.'

Bob replied, 'Well then just give me my money back.'

The farmer said, 'Can't do that. I've already spent it.'
Bob said, 'OK, then, just bring me the dead donkey.'

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

Bob said, 'I'm going to raffle him off.'

The farmer said, 'You can't raffle a dead donkey!'

Bob said, 'Sure I can. Watch me. I just won't tell anybody he's dead.'

A month later, the farmer met up with Bob and asked, ' What happened with that dead donkey?'

Bob said, 'I raffled him off. I sold 500 tickets at £2 each and made a profit of £898'
The farmer said, 'Didn't anyone complain?'

Bob said, 'Just the guy who won. So I gave him his £2 back.'

Bob now works for the Royal Bank of Scotland .