Shall I compare thee to a margin call?
Thou art more subtle though less temperate.
Rough iTraxx does shake the darling hedges of summer,
And Bear Stearns’ lease hath all too short a date.

Sometime too hot the eye of credit derivative shines,
And often is his subprime complexion dimm'd;
And every REIT from REIT some time declines,
By fright, or forced-selling’s changing course, tanked-out;

But thy eternal cycle shall not fade
Nor lose possession of that danger thou ow’st;
Nor shall Death brag thou couldn’st trim his credit lines
When in eternal lines to time thou has always’st:

So long as men can over-leverage in hand with prime brokers,
So long lives this, and this gives life to thee.

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3 comments

  1. Macro // 7/31/2007 05:54:00 PM

    Nice to see you joining the sadly under-populated ranks of financial poets...

  2. RJH Adams // 7/31/2007 06:25:00 PM

    You definitely should not encourage me.

    Greatly enjoy your stuff btw.

    R

  3. Cassandra // 8/03/2007 10:56:00 PM

    Here's one to Start (sung to to the tune of Bob Marley's "Redemption Song"

    Investors, yes, they rob i;
    Redeemed I for the t-bill chips,
    Minutes after they told i,
    i sold into a bottomless pit.
    But my head was made strong
    By whats already in my accounts,.
    And I pour more into them
    even as the losses mount...
    Won't you help to sing
    These songs of fees gone -
    I've more than you'll ever have :
    Redemption songs;
    Redemption songs.

    Emancipate yourself from mark-to-market
    None but ourselves can free our lines,
    Have no fear of toxic CDOs,
    cause none of them can stop the whines .
    How long shall they steal our profits,
    By marking us to the market
    Some say it just be prudent
    No!, We've got to mark-up de book.
    These songs of fees gone -
    I've more than you'll ever have, despite
    Redemption songs;
    Redemption songs.
    these songs of fees gone...

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