I saw this recently.  It's true AND funny.  This place is amazing.

Jim

 -----Original Message-----
From: 	"Foster, Gary" <GFoster@Antigenics.com>@ENRON  
Sent:	Thursday, November 08, 2001 7:33 AM
To:	Steffes, James D.
Subject:	FW: Enron Joke

You're the only person there who could still get a chuckle out of this -
hope I'm not wrong.


-----Original Message-----
From: Pat Mizell [mailto:pmizell@swbell.net]
Sent: Wednesday, November 07, 2001 11:06 PM
To: Foster, Gary
Subject: Fw: Enron Joke


----- Original Message -----
From: <mtrent@reliant.com>
To: <Patrick_Mizell@Justex.net>; <ctrent@hajs.com>; <cdoyle@reliant.com>;
<dsladic@reliant.com>; <catherine-callaway@reliantenergy.com>;
<elmac0000@aol.com>; <montague@sprintmail.com>
Sent: Wednesday, November 07, 2001 7:23 PM
Subject: Fw: Enron Joke








----- Original Message -----
From:CN=Daniel N Hannon/OU=ADM/O=HouInd
To:stephen_w_naeve@reliantenergy.com,
     CN=Joe Bob Perkins/OU=PG/O=HouInd,
     CN=Melanie Trent/OU=ADM/O=HouInd,
     CN=Andrew C Johannesen/OU=ADM/O=HouInd,
     CN=Bret D Scholtes/OU=ADM/O=HouInd
Cc:
Date: 11/07/2001 06:52:55 PM
Subject:Enron Joke

---------------------- Forwarded by Daniel N Hannon/ADM/HouInd on
11/07/2001
06:51 PM ---------------------------


Lee Neathery <lln@pinnacletrust.com> on 11/07/2001 03:14:09 PM
To: "Beth Fisk (E-mail)" <beefiskone@hotmail.com>, "Dan Hannon (E-mail)"
<daniel-hannon@reliantenergy.com>, "Ernest Miller (E-mail)"
<erniem@calpine.com>, "Joan Bremner (E-mail)" <jbremner@houston.rr.com>,
"Kevin
Vincent (E-mail)" <khvincent@msn.com>
cc:

Subject: FW: Enron Economics



Now  you know how it worked....read on.
-----Original Message-----
From: Stephen Reckling
Sent: Wednesday, November 07, 2001 2:02 PM
To: Steve  Strake; Lee Neathery
Subject: FW: Enron Economics





Make sure that you read all the way to the end.


FEUDALISM
You have two cows.
Your lord takes some of the milk.

FASCISM
You have two cows.
The government takes both, hires you to take care of them and  sells you
the milk.

PURE COMMUNISM
You have two cows.
Your neighbors help take care of them and you all share the  milk.

APPLIED COMMUNISM
You have two  cows.
You must take care of them, but the government  takes all the milk.

TOTALITARIANISM
You have two  cows.
The government takes them both and denies they  ever existed.
Milk is banned.

PURE DEMOCRACY
You have two cows.
You and your neighbors decide who gets the milk.

REPRESENTATIVE DEMOCRACY
You have two  cows.
Your neighbors pick someone to tell you who gets  the milk.

MEXICAN DEMOCRACY
You have two  cows.
The government takes both and drafts you into the  army.

EUROPEAN DEMOCRACY
You have two  cows.
The EU commission decides which regulations for  feeding and milking
apply.
If  there aren't any, they invent some.
They pay you not to  milk the cows.
They take both cows, shoot one, milk the  other and pour the milk down
the drain.
They then require you to fill out forms accounting for the missing  cows.

AMERICAN DEMOCRACY
The government  promises to give you two cows, if you vote for it.
After  the election, the president is impeached for speculating in cow
futures.
The press dubs the affair "cowgate," but  supports the president.
The cows sue you for breach of  contract.
Your legal bills exceed your annual  income.
You settle out of court and declare  bankruptcy.

CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd  multiplies, and the economy grows.
You sell them and  retire on the income.

ENRON VENTURE CAPITALISM
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. The milk rights of  the
six cows are transferred via an intermediary to a  Cayman Island company
secretly owned by the majority  shareholder who sells the rights to all
seven cows back  to your listed company. The annual report says the
company owns eight cows, with an option on one more.















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