Archive for the ‘Banking Humor’ Category

Our Industrious Lawmakers (Limerick)

Saturday, May 25th, 2013

This New York Times headline doesn’t exactly come as a shock: Banks’ Lobbyists Help in Drafting Financial Bills:

One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s, according to e-mails reviewed by The New York Times. The bill would exempt broad swathes of trades from new regulation.

In a sign of Wall Street’s resurgent influence in Washington, Citigroup’s recommendations were reflected in more than 70 lines of the House committee’s 85-line bill. Two crucial paragraphs, prepared by Citigroup in conjunction with other Wall Street banks, were copied nearly word for word. (Lawmakers changed two words to make them plural.)

Our Industrious Lawmakers (Limerick)
By Madeleine Begun Kane

It seems Wall Street is writing our laws;
Co’s like Citigroup — clause by bad clause.
If you think it’s a crime
That the rich win each time,
That right there is your probable cause.

Tough Negotiators, Those Bushies!

Thursday, March 19th, 2009

I practiced law for over a dozen years and negotiated lots of contracts. And, unlike the Bush administration, I always kept my poker face. Why? Because if you want the best possible deal, you must make the other party think that he needs you more than you need him.

So, for example, when you tell banks that they’re too big to fail, you disincentivize them from cooperating, or even telling you the truth. That’s why I’m not surprised that 13 of the “top 23 private recipients of taxpayer-funded bailouts under the $700 billion program” enacted by the Bush administration “owed more than $220 million in unpaid federal taxes” and that they lied about it on their TARP contracts.

Why bother being honest? After all, it’s not as if Bush’s Treasury Department made them back up their statements with actual tax records. Of course not — they were too big to fail.

This brings me to my latest limerick:

Tough Negotiators, Those Bushies!
By Madeleine Begun Kane

Dear bank, we can not let you fail.
You’re too big. Pay no mind if we wail
That you owe us back tax.
Do not worry. Relax!
Cuz that huge bailout check’s in the mail.

Dear Boss, Where’s My Bonus?

Tuesday, March 17th, 2009

The AIG bonus fiasco has been very enlightening. Giving incompetent employees huge bonuses, so they won’t resign? And with taxpayer cash yet? What a concept!

I think all of us who still have jobs should send our bosses a letter like this:

Dear Boss, Where’s My Bonus? (Limerick)
By Madeleine Begun Kane

Dear boss, where’s my bonus and raise?
I expect lots of cash — no delays.
Though my work surely sucks,
I deserve all those bucks.
Ain’t it great that incompetence pays?

Banks To Taxpayers: Drop Dead!

Tuesday, December 23rd, 2008

Rachel Maddow says “We should all become banks.” Why? Because all it takes for banks to get lots of taxpayer TARP money is a simple two page application. And the best part is that banks don’t have to account for the cash. (Bush’s Treasury Department requires no transparency or accountability.)

That calls for a limerick, don’t you think?

Banks To Taxpayers: Drop Dead!
By Madeleine Begun Kane

Where’s your money? You’ve no right to know.
Banks account for your dough? Ho! Ho! Ho!
We are rich and white collar —
Won’t help if you holler.
Go pester a unionized co!