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Clevelands Monkey Bail Out

Once upon a time a man appeared in a village and announced to the villagers that he would buy monkeys for $10 each.

The villagers, knew that there were many monkeys around, so they went out to the forest and started catching them.

The man bought thousands at $10 each and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This higher price renewed the efforts of the villagers and they started catching monkeys again.

Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch one.

The man now announced that he would buy monkeys at $50 each! However, since he had to go to the city on some business, his assistant would buy on his behalf.

In the absence of the man, the assistant told the villagers:

“Look at all these monkeys in the big cage that the man has already collected. I will sell them to you at $30 each and when the man returns from the city, you can sell them back to him for $50 each.”

The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.

They never saw the man or his assistant again, only lots and lots of monkeys!

Now that my friends, gives you a better understanding of how the



O.K. This little tale isn’t original to me.  I have seen it on 5 different blogs and I have no idea who originated it.  If you are the originator post a comment and I will site you.

I think it is hilarious and I think it simply points out that although we may see some short term profits from a bail out ultimately is the village tax payers in Cleveland and North Eastern Ohio that are going to be stuck with a bunch of over priced monkeys when this is all said and done.

But in the short term seeing as I am a real estate agent in Cleveland Ohio and the government is still actively buying monkeys I guess Cleveland might as well get it’s share of the tax payer money.

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