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Understanding The Bailout
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.’
When the raffle winner found the horse was dead, he got his money back–thus $998 in profit.

(Thanks to Jennifer White for this story)

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