07 February 2009

How The Crash Began

untitled
who’s to blame – this thing is
credit’s failure isn’t it?
simplistically –
no-one’s paid the man
repo agents ceased to roam
in debtors’ streets – it’s not PC
we’re told so agencies bought
risky debt with no sequential end
business driven needs they said
to keep the fiscal blood aflow
in veins and arteries diseased
and weak from greed
so far your super’s safe – or
so they’d like you think; just a case
of short-term pain our leaders
bleat at crisis talks
convened to bail out failing
banks with cash –
don’t be deceived
that’s how the crash began...
© 20 September 2008, I. D. Carswell