There was once a doghouse worth 50 bones. My doggie friend, Morty Broker, decided to buy it and sell it for 100 bones to Connie Sumerdog who really wants to raise her puppies in a doghouse not a doggie apartment. It’s kind of overpriced and Connie doesn’t know if she can afford it, but Morty tells her this is how things are done. The catch is, she can only pay 1 bone a year, so it will take her 200 years to pay Morty back with interest (which doubles the price). But Morty needs to be paid back by the time he’s in doggie retirement in 30 years. So Morty tells Connie that she can pay 1 bone a year for 2 years. Then, she can sell her doghouse or get another loan for another 2 years. If she doesn’t sell her doghouse, then she has to pay 6.6 bones per year in the third year. But it’s ok because she should get a raise in bones from her job by then, right? Morty tells Connie that she can also sell the doghouse in a few years and make money because someone will always want to buy her doghouse. After all, who doesn’t want a doghouse? Some dog will always want to buy it. Connie feels like such a lucky dog!
Morty comes to me, The Bone Bank, and says to me, “Hey Ms. Bone Bank, Connie Sumerdog's really cool, I checked her out and she has a job digging bones. She can’t really pay for this doghouse, but it doesn’t matter because she is going to sell her doghouse in a few years and make money. Over 30 years she is going to pay me 200 bones for a doghouse worth 100 bones, do you want in?” Oh yes, I diggity dog do! I buy that piece of canine paper that says Connie will pay me 200 bones over 30 years. Then I give Morty some bones for finding it for me. Morty comes back to me with different pieces of canine paper for other lucky homebuyer dogs. I keep buying these pieces of canine paper. This is so great! Connie and the other dogs are paying me and everything is going well.
Then I realize that I can make more bones for my Bone Bank self by putting some of these pieces of paper together in cute doggie packages and selling them. The Doggy Credit Agency comes in and says, “Bowwow this is cool, and safe and every dog should do it.” I ask Innie Vesterdog if he wants to buy some of my bundled pieces of canine paper to help him in doggie retirement and he says yes. Then I find a European Innie Vesterdog and an English Innie Vesterdog and Innie Vesterdogs all over the world that want to buy my bundles of canine paper.
Then, all of a sudden, Connie wants to sell her doghouse, but no dog can afford it since it’s too expensive. Doghouse prices are now 150 bones! No way! The doggie renters decide it’s better to live in a dog apartment than a doghouse. But it’s been two years and Connie still doesn’t make enough bones to pay me back. She was paying 1 bone and now she has to pay 6.6 bones. She thought Morty Broker was trustworthy and was helping her. But Morty just wanted money. Morty wants to sell me more pieces of canine paper, but I don’t want them anymore. I’ve heard that the other dogs have stopped paying bones to Innie Vester dogs since they couldn’t afford their doghouses anymore.
Then I hear my friends, Lehman Bone Bank and many others went out of business and I lent them bones! I heard that they bought lots of Morty’s worthless pieces of canine paper. My other dogbank friends want to borrow bones from me, but I don’t want to give them any more bones. I don’t know if Morty has sold worthless pieces of paper to them too. Then I won’t get my bones back from any of them! The Doggie Government comes in and gives me some bones and tells me to lend them out. But I don’t want to because I don’t know if my doggie friends are in trouble. It’s a dog eat dog world. The End.