09/19/2008 14:16:48

I'm still -- STILL! Trying to get beyond my "Wall Street Dummy" mentality this morning. I'm lost again.

Okay, so we all got nice tax bonus checks this year after our country took out a loan from another country to give them to us. Now, financial everythings are going on...

So, today, the headlines read that our country is working on some thingie where "taxpayers" get to hand the government 100's of billions in dollars to bail out the top-layer of our credit problems.

I don't get this. If we borrowed money in February - to give Americans to go buy new things on credit that they can't pay off; and now somehow these same taxpayers will get hit to pay off the top of the credit ladder, ..... Confused!!!

Maybe I should try this a new way:

1. If Sam borrowed 800K from Joe, to divide equally between single Sue, married Mary, and widowed Jill, so that Sue Mary and Jill can each give this back to Joe's wife.

2. Then Joe and wife each need additional money from an unknown source, that Sam then borrows from Bill.

3. And, Sue, Mary, and Jill are obligated to pay Sam once a year...

4. And, Sam insists that Sue, Mary, and Jill pay Bill off instead of him...

ANSWER = Jill has 9.78342 ???? Am I close????

Okay, here's how I got to that.

1. Uncle Sam is broke. That's why he borrowed in the first place.

2. He gave all of his 800K to the three girls. He's still broke, but now they have money.

3. Those three girls threw all of their money into shopping, and ran up more loans so they're broke too.

4. The backers on shopping are from out-of-country which is where Sam also got his 800k.

5. So the 800k loan remains the same owning loan + now they have an additional 800k

6. Okay, so Sam now needs more money because he is still broke.

7. He asks the girls for everything that they have left so that they can continue to shop without owning funds on credit.

8. The girls hand everything over.

9. Sam hands this out-of-country loan money to the creditors; and he still owes two other loans, but the girls can shop again.

So... Jill has 9.78342 is the only possible answer left.

True! Sam's broke. The girls are broke. There's no more loans possible. But!!!

Two of the girls were married and they got to keep their wedding rings if the credit people were paid off.

Which leave widowed Jill holding a little less than 10.00 that she gets to keep. Her wedding ring was a cheapie, but it got paid off when her hubby died and left insurance money.

Sigh. Someday, I'm determined to figure this Stock Market stuff out.