Debtors refusing to honor obligations
creditor's unalienable rights violated
defaults on promissory notes
bounced checks swamping the back-office
unsurprisingly marked "insufficient funds".
General Accepted Accounting Principles
make balance sheet account receivables
not any better than de facto creditworthiness
king customer is always right
grand delusion: nothing is as it seems
when cashing in customer's checks
some kings turn out to be emperors
without clothes - vanity fair.
Money nonchalantly gambled away
seeking recovery from earlier setbacks
when climbing out of deep holes
crossing back into our comfort zone
escalate toward or even above break-even
trying to "get it all back at once"
or recoup one more step at a time.
Hard-earned money or "manna from heaven"
stranded assets can be divested, reinvested
financial losses can be recuperated
- Paradise regained
stranded assets re-engineered into
Automated Teller Machines
all-smiling cash cows generating
handsome, extraordinary profits.
Hope for a bonanza,
but don't expect miracles
prediction is hard,
especially about options & futures
those who have knowledge, don't predict
those who predict, don't have knowledge
It seems nobody can foresee the future
but everybody can learn from the past.
All greenbacks are not created equal
Take the money and run.
YOU ARE READING
Wall Street Poetry
PoetryOff-mainstream bancAssurance poetry on 9/11, infinite greed and fear, bear and bull markets, megalomanic bankers, bipolar day-traders, over-cautious reinsurers, diamonds are a girl's best friend, blondes & brunettes and the Nash equilibrium, volatil...