Modern Banking Explained Behold the following: 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 raffl…