Derivatives smarivatives, my nephew worked for Lehman Bros years ago. He sent me this email this morning entitled Bail Out Explained. Enjoy.

Bail Out Explained...

Young Chuck in Montana bought a horse from a farmer for
$100. The farmer agreed to deliver the horse the next day. The next day he drove up and said, Sorry son, but I have some bad news, the horse died. Chuck replied, Well, then just give me my money back. The farmer said, Can't do that. I went and spent
it already. Chuck said, Ok, then, just bring me the dead
horse. The farmer asked, What ya gonna do with him? Chuck said, I'm going to raffle him off. The farmer said, You can't raffle off a dead horse! Chuck said, Sure I can, Watch me. I just won't
tell any body he's dead. A month later, the farmer met up with Chuck and asked, What happened with that dead horse?
Chuck said, 'I raffled him off. I sold 500 tickets at
two dollars a piece and made a profit of $998. The farmer said, Didn't anyone complain? Chuck said, Just the guy who won. So I gave him his two dollars back. Chuck grew up and works now for the government. He was the one who figured out how to "bail us out".