licentious radio
Monday, February 18, 2002[10:59:36 AM]
Fun little site that parodies the Texas GOP-Enron connection: EnronOwnsTheGOP.com.
From the humor section: "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 the bank, 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...." And before you know it, you've booked ONE BILLION DOLLARS in phony revenue. (Not that you'd have to pay taxes on any of it, if you were Enron.)
© Copyright 2002 john robert boynton.
Last update: 9/27/02; 10:59:37 PM.