Now beings that I was raised as a flat-lander in Northwest Ohio and now reside in the Piedmont of South Carolina, I really don't understand the 'Ivy League' and Washington D.C. lingo. So with a lot of research, I have been able to interpert this 'lingo' with the help of some friends. It goes like this:
Once upon a time a man appeared in a village and announced to the villagers that he'd buy monkeys for $10 each.
The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. The man bought thousands of them at $10 and, as supplies started to diminish, villagers stopped their efforts. He next announced that he would now buy monkeys at $20 each. This renewed their efforts and they started catching monkeys again.
Soon the supply diminished even further and people started going back to their farms. The offer was increased to $25 each and the supply of monkeys became so scrace it was extremely difficult to even find a monkey, let alone catch it!
The man now announced that he would buy monkeys at $50 each! However, he had to go to the city on some business, his assistant would buy on his behalf.
In the absence of the man, the assistant told the villagers: "Look at all these monkeys in the big cage the boss man already collected. I'll sell them to you at $35 each and when the man returns from the city, you can sell them to him for $50 each."
The villagers rounded up all their savings and bought all the monkeys for 700 billion dollars.
They never saw the man or his assistant again, only lots and lots of monkeys!
NOW, I have a better understanding of how the WALL STREET BAILOUT PLAN WILL WORK!
You and I are the villagers