Thursday, 12 March 2009

New Definitions of Common Financial Terms

Here are some new definitions of traditional financial terms, post Global Financial Crisis (copyright Rajan Venkateswaran)




Financial Market Stability:- SNAFU (Situation Normal All F**cked Up)



Government Bailout Package:- Source of non returnable funds for paying Executive Bonuses



Debt :- Money borrowed without any intention of repaying



Hedge Funds :- Black Hole



Interest Rates :- Something the Central Banks slash regularly when they dont know what else to do



Auditors :- Partners in Crime (No wonder all audit firms are Partnership firms and have Partners)


Stock Market :- A facility that is used to measure the ability of the common man to absorb various degrees of Shock

CEO :- Chief Executioner Officer


Assets :- Tangible things supposedly owned by the Company that is inflated in value by nx times


Old Formula :- Assets = Liabilities


New Formula :- Liabilities + Losses + Executive Bonuses = Government Bailout Package


Downsizing (ditto Re organizing) :- Sacking of junior staff


Cost Cutting:- Reducing the salary of Junior Staff


Invest Money :- Money in Vest ( of course, in the Vest of the banker, idiot)


Board of Directors :- The proverbial three monkeys - See no evil, Hear no evil, Speak no evil
















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