Thursday, February 26, 2009

TGIF

Finally you've come again, it seems an age since we parted
Recalling just the thought of you, gets my heartbeat started
I hope you hang around this time, for an extra hour or two
Do you look forward to seeing me, as much as I do you?
Alas, I know you'll slip away, just like each week before
You'll soon be someone's Saturday, and my Friday no more..

Written Feb 2008, a quick thought during one Friday afternoon beer o'clock at work, an expression of my love for my favourite day. What ever happened to acrostic poems?

Monday, February 2, 2009

Credit - Where it is due?

some saw the warning signs, some had a hunch
but nobody was prepared, for the credit crunch
ignorance met greed, and colided with fate
once the cracks were apparent, it was already too late

house prices fell, while rates were on the rise
the US saw a bubble burst in front of their eyes
the NINJAs couldn't pay, so the CDOs tank
low-income housholds now belong to the bank

S&P gets Moody cause they take the blame
while inter-bank lending will never be the same
the investor is stung, so stocks take a dive
banks turn to the government, just to stay alive

so rates are cut, and then cut some more
many a banker is shown to the door
world currencies crumble, and with no end in sight
institutions of old disappear into the night.

Merrills is missing, and the Bear has been tamed
and don't turn to AIG when your Citi lies maimed
Leahmans went Fannie up, while Freddie got fingered
the mighty have fallen and the lucky have lingered

some see it as justice, a blow to the rich
but when the trains off the track, we're all in the ditch
an economy is built on investment and consumption
when you cut off the head, the body ceases to function

supply is just inventory, until it meets demand
and your confidence is down when your caps in your hand
liquidity is a mirage, the bonus pools dry
belts are tightened as we all try to get by

many forgot profit is just risk's return
played in the fire, and were surpised by the burn
the market is cyclical, a recession overdue
mums and dads bit off more than they knew how to chew

there are so many victims, and its not over yet
but it will turn around, and in time we'll forget
the lessons we learnt, the pain in which we wallow
cause when the money comes back...the greed will follow.

Written Feb 2o09, about a very real issue in my professional life, and increasingly in greater society in general.