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Some Widows Hate Naked Shorts
She's writing Obama, and her congressman, to complain
The widow
Mrs. Jeremiah
Withington applauds,
"A Corporate America
that dares defy the odds
That some short sellers will short shares
they legally should borrow.
They're selling what they haven't got
and won't acquire tomorrow.
"Naked shorts are what they're called
except by media flacks,
Who won't admit that they exist;
those Moodys Triple 'H' for hacks.
But most can read a teleprompter:
'We see Lehman falling fast.'
Except CNBC's Mark Haines
who looks to me like he's half gassed.
His body language tells us that
he either cannot see
The teleprompter or,
if he does, does not agree.
"Yet CNBC in concert with
naked shorts was devastating
To bonus plans at Merrill Lynch –
Witness Thain's accelerating.
Ditto Lehman Bros. plunge,
victims of short sneak attacks.
With sales of non-existent shares
we're left with Bros. artifacts."
If Lehman's CEO, Dick Fuld,
would only deign to ask,
We're sure the Widow Withington
would patiently explain:
"It wasn't sub-prime mortgages
'insured' by AIG,
But naked shorts Haines couldn't see
that sabotaged your reign."
"Obama needs to make the SEC demand
Depository Trust & Clearing Corporation tell
The FBI whenever sellers violate the law
by failing to deliver what the hell it is they sell.
"DTCC's designed to clear
and settle ev'ry sale:
Who sold what to whom, and when;
so should deliv'ry fail,
It could name guilty parties –
who'll get to go to jail,
Unless the hedge fund lobbyists
and Mark Haines prevail."
Bob Carlson
www.politicalboondoggles.com
3/14/09
To 'Bush League Bankers'
To 'CNBC's Credibility Crises'
To 'Naked Short Selling Verses'
To 'Withington Verses'
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