Donkey trafficking: An explanation of how banking works
Young Paddy bought a donkey from a farmer for €100. The farmer agreed to deliver the donkey the next day.
But the next day he drove up and said: “Sorry son, but I have some bad news – the donkey’s died.”
Paddy replied: “Well then just give me my money back.”
The farmer said: “Can’t do that. I’ve already spent it.”
Paddy said: “OK then, just bring me the dead donkey.”
The farmer asked: “What are you going to do with him?”
Paddy replied: “I’m going to raffle him off.”
The farmer said: “You can’t raffle a dead donkey!”
Paddy said: “Sure I can. Watch me. I just won’t tell anybody he’s dead.”
A month later, the farmer met up with Paddy and asked: “What happened with that dead donkey?”
Paddy answered: “I raffled him off. I sold 500 tickets at €2 each and made a profit of €898.”
Astonished, the farmer asked: “Didn’t anyone complain?”
Paddy said: “Just the guy who won. So I gave him his €2 back.”
Paddy now works for the Royal Bank of Scotland.