The Toxic Asset Boom Poem by Sandra Martyres
The Toxic Asset Boom
In these days, with investors so blind
Only one thought crosses the mind
When there is an untimely death and attendant gloom
Is whether, he is another victim of the toxic asset boom
Just a short while ago, there seemed to be no room
For any economists, warning of the impending doom
The markets were awash with liquidity
There was not a single doubt about serendipity.
Sub-prime borrowers were, by bankers, eagerly sought
For the opportunities, to create wrappers, that they brought
Caution, credit scoring models were thrown to the winds
With structured product sales, the banks' coffers were filling up.
Sins of extravagance were blissfully ignored
And bankers unceremoniously cut-off the umbilical cord
To release themselves from the safety of the Basle 2 womb
Only to realize that they are moving towards their career tomb
Pension and Hedge Fund Managers are no longer head-hunted
They all seem to have been, into some kind of oblivion, shunted
Big bonuses and celebrations are things of the past
Some are now hoping that at least golden parachutes will last
So that they can go out in search of other greener plains
Leaving their successors to pick up the messy reins
But if their companies are benificiaries of the TARP
They can, at best, aspire to join the angels with a harp
I specialy liked this part, it was so well expressed 'Sins of extravagance were blissfully ignored And bankers unceremoniously cut-off the umbilical cord To release themselves from the safety of the Basle 2 womb Only to realize that they are moving towards their career tomb' a poem with great depth too Ma'am..I liked your poetic expression regards shan 10+++
nice contemporary piece... lack of humanity in banking..........
Sandra, These markets boom and go down at different time intervels. There is no logic behind the share market. It is as good as horse racing. This is all part of the game. U.S markets went down just before their elections; it was a election stunt; they wanted more funds pumped into the industry and something like that. (my US friend told me, it is all bogus call) . Dont worry, today the Indian market is in uptrend, after election results.
As you sow so you reap...good times yield good returns...bad times well, better to lie down and wait...thanks for coming out with a good piece on a current subject...10
This poem has not been translated into any other language yet.
I would like to translate this poem
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4/24/2024 7:05:23 PM # 1.0.0.1119
you take such a subject and present it very poetically...which i don't even attempt to do...and the subject too...bankers swtch on and off that easily..they have become experts in pampering and ignoring..i take it into my favs for its presentation