Tuesday, November 11, 2008

DECLARATION

It has been hereby decided that from this day forth the blog 'Blog Simple' is now a blog-bank, with all due rights, privileges and benefits that accrue to both blogs and banks.

This is partly in answer to the question, "Does Everybody Get To Be a Bank?", and partly to allow Blog Simple to continue to expand its readership, and to take the next logical step of being a friendly neighborhood bank where you can deposit your money with trust, and get a loan when you have sufficient assets to cover it.

The blog-bank 'Blog Simple', to achieve full transparency, both as a blog and as a bank, will list below a full statement of assets, liabilities, deposits, loans, and other financial instruments:
Assets: $0
Liabilities: $0
Operating Costs: $0
Current Deposits: $0
Current Loans: $0
Outstanding Credit Default Swaps: $0
Readership: huge!
---------------------------------------
Net Balance: $0

Thus the financial health of the blog-bank Blog Simple is unassailable, and far more healthy than that of the numerous organizations already being propped up by loans from the Fed and Treasury.

To achieve our goals, we are asking for a $10bn loan from the Fed discount window at the current rate of 1.25%. Due to our financial health, reputation for probity and general moral excellence, the $10bn will strengthen the economy and our nation.

As soon as I figure out how to put a PayPal button in the template, you may transfer the funds, Mr. Bernanke.

3 Comments:

Anonymous Scott G. said...

Please let all your readers know if your expected application for federal "bail-out" funds is approved.

11/11/2008 1:49 PM  
Anonymous Anonymous said...

Hello. And Bye.

3/03/2010 10:39 AM  
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3/17/2010 1:49 AM  

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