Posts Tagged 'financial'

The 1% In Love [comic]

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6 Wealthy Televangelists Are Under Federal Investigation

NakedLaw reports –

When you think of the mega-wealthy who rake in millions each year and live ridiculously lavish lifestyles, you probably don’t think about preachers. But as you’re about to find out, spreading the gospel has become a very profitable business for several well-known televangelists, affording them the opportunity to live in mansions, own private jets, take exotic trips, relax in hotel rooms that cost thousands per night, and even own second and third homes. Of course, these preachers are heads over nonprofit, tax-exempt organizations, so whenever one of them starts to flaunt their wealth, the government is going to take notice. Over the course of the past 3 years, the Senate has been investigating 6 of the wealthiest televangelists to ensure they aren’t taking advantage of their nonprofit status. The investigation has yet to be resolved—it’s safe to say Congress has more pressing matters—but we’re going to share some of the most interesting financial data for each of these televangelists so you can decide if you think these organizations are in violation.

Continue reading HERE.

Porn Industry Seeks Federal Bailout

CNN reports –

“WASHINGTON (CNN) — Another major American industry is asking for assistance as the global financial crisis continues: Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.”

A few years ago I would immediately assume that this is a gag. (ha-ha)  Now, it is sad, but true.

Read more.

Millions of Monkeys

This very short story explains the Wall Street bailout in beautiful simplicity.

“Once upon a time a man appeared in a village and announced to the villagers that he would 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 at $10 and, as supply started to diminish, the villagers stopped their effort. He next announced that he would now buy monkeys at $20 each. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going back to their farms. The offer increased to $25 each and the supply of monkeys became so scarce it was an effort to even find a monkey, let alone catch it! The man now announce d that he would buy monkeys at $50 each! However, since 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 that the man has already collected. I will sell them to you at $35 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 you have a better understanding of how the WALL STREET BAILOUT PLAN WILL WORK !!!!”

Here is the original post.

Government Bailout


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