|
Wall Street's Little Lamb Timmy becomes a Wendy Gramm disciple Shylocks have a little lamb they've fleeced from the get-go So that they can circumvent the public's right to know. Disclosure of derivatives? Tell tales out of school? That's not the way their hedge funds play. So how'll they skirt that rule? Turn Timmy on to Wendy Gramm's prescription for evasion With customized derivatives aired only on occasion. Standardized? They're regulated and exchanged by fools; But add a custom wrinkle and… For 'swaps' there'd be no rules. Does Timmy love Wall Street that much? The public wants to know. He's hoping when he gets the axe that he'll have somewhere else to go.
Bob Carlson To 'Timid Timmy Geithner' To 'Banks Lobby Back' |