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November 11, 2004
Thursday
 
 
Onion 1, IMF 0
Christopher Pellerito (Northern Virginia, USA)  Humour

The Onion does not always crack me up like it used to, possibly because it grows more and more difficult to effectively satirize an increasingly bizarre world. But this piece, Housemates Reject Third-Roommate Debt-Relief Plan, is just devastating. They manage to sneak in a reference to virtually every conceivable critique of the IMF, from both the left and the right, from moral hazard to environmental degradation. They even address the topic of "conditional" loans whose conditions have nothing to do with improving debtworthiness or economic performance:

Although the donor roommates supplied additional aid in the months that followed, the AMF placed strict conditions on the loans. These conditions were designed to accomplish three goals: to prevent corruption and misuse of funds, to ensure that the monies were spent wisely, and to reduce third-roommate economic isolationism, integrating the debtor's personal economy more fully into the interdependent apartmental community.

"We only asked for three things, man," Huygens said regarding the structure of the loan. "First, that Chad quit partying so much. Second, that he open a checking account so he can budget his cash. And third, that he bring his kickass stereo system out of his bedroom and into the living room where we can all enjoy it. It was only fair."

The only way this could have been improved upon might have been to lampoon the "debt for nature" swap; Chad's debt might be forgiven in exchange for certain herbal products, for example.

Well done, gentlemen. More like this, please.

Comments

A favourite Onion article of mine is entitled "Marxists' Apartment A Microcosm Of Why Marxism Doesn't Work". I have it printed out but you need to be a paying member to get it online these days.


Posted by M410 at November 11, 2004 06:07 AM

I always enjoy how the Onion unravels.


Posted by Blogbat at November 11, 2004 08:24 AM

:) Still the funniest site.


Posted by Hmmm... at November 11, 2004 01:07 PM

That should have been

"..back from a weekend ski trip in Davos",
surely?


Posted by John O'Dea at November 11, 2004 02:25 PM

I wonder how many readers didn't get the joke.


Posted by austin mls at November 11, 2004 10:27 PM

what joke?


Posted by impotentagent at November 11, 2004 11:17 PM
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