COMMUNIST RUSSIA
You have two cows.
The government takes both.
You starve.
NEW RUSSIAN CORPORATION
You have two cows.
Government owned front company takes both.
You starve.
MODERN AMERICAN CORPORATION
You have two cows.
You pay the CEO a cow in bonuses.
After two years of declining sales, you pay him another cow to leave.
AMERICAN MORTAGE COMPANY
You have two cows.
You loan two cows to Joe. You sell the loan to a hedge fund with a promise to make it up if Joe defaults.
You load the same two cows to Mike. You sell the loan to a hedge fund with a promise to make it up if Mike defaults.
You load the same two cows to Sam. You sell the loan to a hedge fund with a promise to make it up if Sam defaults.
Joe, Mike and Sam all default, you owe six cows.
Jay