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Held Hostage By Banks (And ICE Trust's Congressional Covens) How long will the nation be held hostage by banks, Like the nine on the board of ICE Trust – The nine who're controlling derivative trades And won't let competitors share in their lust? They're colluding to keep their competitors out The way market makers in NASDAQ stocks did Back in the nineties to protect their own profits And make sure that buyers of swaps overbid. Transparency and competition could cause Trading costs to drop way below what they are And banks too big to fail to become a lot smaller With far less support for the Witch Cookie Jar. Cantor, McCarthy, Spencer Bachus and Lucas Might reconsider their plans for the coven As more and more witches run afoul of the law And dough boys suddenly cut down on their lovin'. Why allow banks to keep spending TARP billions To squash any possible Swap competition? Why pay rating agencies for undeserved ratings If the undeserved profits can't pay a witch's commission? The ICE Trust Board of Directors agrees. It's withdrawn its Swaps Clearinghouse application And has till July to convince all of Congress That, like Cantor's Coven, they'll love their compensation.
Bob Carlson 12/31/10 To 'A Secretive Banking Elite Rules Trading in Derivatives' To 'Facing WikiLeaks Threat, B of A Plays Defense' To 'How to Derail Financial Reform' To 'The Witch Is Baaaack!' To 'Justice Department Seeks Tougher Derivatives Rules' To 'Derivatives Clearing Group Decides Against Registration' To 'ICE Trust Derivatives' To 'Politicians For Sale' |