The banking crisis explained in real layman’s terms

Young Paddy bought a donkey from a farmer for £100. The farmer agreed
to deliver the donkey the next day.

The next day he drove up and said, ‘Sorry son, but I have some bad
news. The donkey’s died.’

Paddy replied, ‘Well then just give me my money back.’ The farmer
said, ‘Can’t do that. I’ve already spent it.’

Paddy said, ‘OK, then, just bring me the dead donkey.’ The farmer
asked, ‘What are you going to do with him?’

Paddy said, ‘I’m going to raffle him off.’ The farmer said, ‘You
can’t raffle a dead donkey!’

Paddy said, ‘Sure I can. Watch me.. I just won’t tell anybody he’s dead.’

A month later, the farmer met up with Paddy and asked, ‘What happened
with that dead donkey?’

Paddy said, ‘I raffled him off. I sold 500 tickets at two pounds a
piece and made a profit of £898’

The farmer said, ‘Didn’t anyone complain?’ Paddy said, ‘Just the
guy who won. So I gave him his two pounds back.’

Paddy now works for the Royal Bank of Scotland