Allan goes on a road trip in his father's car and gets into an accident. He calls his dad who wires him the money to get the car fixed. However, Alan's dad says there will be conditions - he'll have to drive more carefully in the future and he may have to take more driving classes when he get home. Instead of fixing the car, Alan spends half the money on drink, drugs and hookers, and expensive gifts for his friends; with the rest he hires an attorney to prevent his father from forcing him to take additional driving classes when he gets back. The car, unsurprisingly, is not fixed.
Key
| Allan | Banks receiving bailout money |
| Alan's father | Tax payers |
| Money to get the car fixed | TARP + ... |
| Road trip | Writing CDSs and buying CDOs |
| Drink, drugs and hookers | "Performance" related bonus payments |
| Expensive gifts | Dividends |
| Attorney | Washington lobbyist |
| Additional driving classes | Government regulation and oversight |
This is one of those things, should I laugh or cry! It's funny but too true to fully enjoy!
ReplyDeleteDoes Allan needs another friend?
ReplyDelete