Obama administration
You have two cows. You are allowed to keep them so long as you buy carbon credits due to their flatulation. Then you can sell the milk so long as you have a licence to raise and milk cows, all overseen by the EPA. Selling the milk directly is illegal due to quality control issues so you must sell it to a corporate entity that will pay only a fraction of what the milk is worth. You then conclude that your small enterprise is fiscally unsustainable and decide to sell both cows to a corporate entity.
Fregeian Bovine Comprehension Principle (general form)
There exist x and y such that x falls under the concept is your cow and y falls under the concept is your cow and x is not equal to y; and it is not the case that there exist x, y and z such that x falls under the concept is your cow and y falls under the concept is your cow and z falls under the concept is your cow and x is not equal to y and x is not equal to z and y is not equal to z.
Lehman Brothers Venture capitalism
You have two cows. You sell three of them to your publicly listed company using letters of credit opened by your brother-in-law at Bear Stearns, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows to your listed company. The annual report says the company owns eight cows with an option on one more. You sell one cow to buy a new President of the United States, leaving you with nine cows. No balance sheet provided with the release. The public then buy your bull!
Originally posted by KewpieWhat the.....?
Fregeian Bovine Comprehension Principle (general form)
There exist x and y such that x falls under the concept is your cow and y falls under the concept is your cow and x is not equal to y; and it is not the case that there exist x, y and z such that x falls under the concept is your cow and y falls under the concept is your cow and z falls under the concept is your cow and x is not equal to y and x is not equal to z and y is not equal to z.
Now I wish I'd paid more attention in algebra classes......
BTW, loved your Lehman Brothers Venture Capitalism!
I thought it was pretty good myself - it's courtesy of The Spectator - and here are a couple of ethnically unacceptable ones:
Italian system – You have two cows. They look fantastic for a short while but then they get all fat, cranky and stop working properly.
Czech system – You have two cows. They seem okay to you but nobody else understands them.
It's a bit like the lightbulb-changing series of a few years back, and even the cow series is showing signs of age now.
