Mommy, what’s a Ponzi scheme?
Mommy: Well, Jimmy, let’s say you have two friends and they each had $50. And each of them had two friends and they each had $50.
Jimmy: Mommy, I don’t have any money.
Mommy: OK, well, um … Let’s say you have two friends and they each have two cookies …
And then the Cookie Monster comes along and …
Cookie Monster: COOKIE MONSTER LOOOOOOOOOOVE COOKIES!
A nom nom nom nom …
In this dramatic re-enactment, Jimmy Kimmel recruits Ernie and the Cookie Monster from Sesame Street to help explain the Madoff Scandal in a recent sketch.
Tune in next week, when Ernie and Cookie Monster try to explain the AIG mess.
Mommy, where do bonuses come from?