The Credit Crunch Explained

[vincister]

Ja nesaproti angļu valodu, vari nelasīt.

Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers, most of whom are unemployed alcoholics, to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around and as a result increasing numbers of unemployed alcoholics flood into Heidi's bar.

Taking advantage of her customers' freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most popular drinks. Her sales volume increases massively.

A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi's borrowing limit. He sees no reason for undue concern since he has the debts of the alcoholics as collateral.

At the bank's corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These securities are then traded on markets worldwide. No one really understands what these abbreviations mean and how the securities are guaranteed. Nevertheless, as their prices continuously climb, the securities become top-selling items because (insert here the name of your financial advisor) recommended them as a good investment.

One day, although the prices are still climbing, a risk manager of the bank, (subsequently of course fired due to his negativity), decides that the time has come to demand payment of the debts incurred by the drinkers at Heidi's bar. But of course they cannot pay back the debts.

Heidi cannot fulfill her loan obligations and claims bankruptcy.

DRINKBOND and ALKBOND drop in price by 95 %. PUKEBOND performs better, stabilizing in price after dropping by 80 %.

The suppliers of Heidi's bar, having granted her generous payment due dates, and having invested in the securities, are faced with a new situation. Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor.

The bank is saved by the Government following dramatic round-the-clock consultations by leaders from the governing political parties.

The funds required for this purpose are obtained by a tax levied on the non-drinkers.

---

Saņēmu e-pastā, neesmu drošs par oriģināla avotu, varētu būt šis.

P.S. macho droši vien pateiks, ka vecs, bet man pie kājas.

[macho]

man liekas, ka viss nav tik vienkārši, bet šis bija puslīdz ok.

p.s.

VECS!!!!!!!!!!!!!

[r&r]

nu +/- atbilst, tik protams, ka īstenībā alkohola vietā bija nekustamais īpašums, un starp citu, nemaz tik vecs nav, man liekas, ka ir kādu nedēļu tik. ja kāds grib lasīt latviskoto versiju, varat pameklēt www.db.lv tur bij pirms pāris dienām pārtulkots, bij pat tīri ciešams tulkojums.

[macho]

es zinu ka nav lol, bet man ir jāsaka vecs!@!!!

[CHILLSIDE]

Bija smieklīgi palasīt, bet sākumā nesapratu šā visa jēgu kamēr neizlasīju visu.

Patika viens forš citāts!

Viņi uzskata, ka nav iemesla nepamatotām bažām, jo viņiem ir parādi no alkoholiķiem kā nodrošinājums.

Pārtulkoju no angļu valodas šo citātu..

Edited March 6, 2009 by edgars797

[SaS^MAN]

dalja taisniibas ir... Forshi bija lasiit.. A shitais jau nebija veel gignaa ielikts? Shaada veida topiki diezgan biezhi