Friday, May 8, 2009

Local Boy Fails Family Stress Test, Files for Bankruptcy

Thursday, May 7, 2009—At a press conference held in living room of the Johnson family’s Des Moines, Iowa, home, Abe Johnson announced that their son, Jacob, did not survive a recently completed, two-month-long stress test.

“We will be sorry to see him go,” admitted Abe tearfully, “but he just couldn’t cut it.”

The stress test was administered to all three of the Johnson children. Tina, 14, and John, 8, fared well and will remain with the family. According to Abe Johnson, Jacob, 11, will be filing for bankruptcy and liquidating his assets, which include a 10-speed bicycle and the entire Jonas Brothers catalog on compact disk.

“I mean, what if something really bad happened to our family?” asked the childrens' mother, Joan Johnson. “We know we could count on Tina and John, but Jacob would just be along for the ride and it doesn’t seem fair.”

The press conference outlined the measures that had been taken to accurately assess Jacob's solvency. They included withholding Jacob’s birthday gifts and a reduction of his allowance by 38 percent—actions supported by some very important economic experts, including U.S. Treasury Secretary, Timothy Geithner.

“Abe called me in January,” said Geithner. “We reviewed Jacob's assets, liabilities and capital, and we thought 38 percent was extremely generous, considering what a lazy, do-nothing that kid is.”

During the press conference, both of Jacob’s debtors gathered on the lawn of the Johnson home and demanded what was owed them.

“He still owes me 6 bucks from that last time we were at Chuck E. Cheese’s,” lamented Timmy Stringer. “How am I supposed to make ends meet without that capital?”

“And that’s my fucking 10-speed,” added Mitch Barger. “We never should have invested in that irresponsible dreamer.”

Jacob was unavailable for comment following the press conference, but spoke with our reporter while catching pond frogs in the woods near his home Friday afternoon. Much of what he said was unintelligible because he was crying so hard he got the hiccups.

One thing, however, was clear: he seemed strangely unconcerned about the impact of this devastating economic failure on his future.

“Why don’t they love me?” Jacob sobbed.

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