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Posts: 153
The banking crisis in Iceland explained: "You have a dog, and I have a cat. We agree that they are each worth a billion dollars. You sell me the dog
Posted by
mara
Mar 12 '09, 17:17
for a billion, and I sell you the cat for a billion. Now we are no longer pet owners, but Icelandic banks, with a billion dollars in new assets."
http://www.vanityfair.com/politics/features/2009/04/iceland200904?currentPage=all
(www.vanityfair.com)
Responses:
early dot coms were doing that with exchanges of ad placements and booking that trade as income, but in modern banking you'd have them each sell ...
-
zeitgeist
Mar 12, 17:59
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