Finance the Icelandic way

[selfmade]

You have a dog, and I have a cat. We agree that they are each worth a billion dollars. You sell me the dog 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.

Comments

[igorlord]

Thanks!

http://igorlord.livejournal.com/30395.html

[dennisgorelik]

The author of this article implies that Islanders are crazier than Russians :-)