bad regulatory poetry

The Unintended Consequence of Financial Regulation

Off-Exchange Trading

I pull off opaque stockings

and probe these waters.

My toes dig into a bar of clay.

I cannot see the fins

that swim through this dark pool.

 

Rate Rigging

The one thing you’ve learned in this exchange,

is how to manipulate me.

I could forgive the lie,

still you’re a boar.

For ex-lovers

who care tell me,

there’s nothing that we can’t fix.

La Petite (Qualified) Mort

We’ve made some presumptions

sailing out of this safe harbor.

Able or not, I will surely pay.

When I speak, remember,

from this date forward,

all I say is qualified.

SIFI

Deny it all you want,

to me you are systemically important.

Down each arm I feel every toxic word.

I am off-balance, and the sheet lies rumpled.

You have unwound me more than anyone else I have

met in my life.

My Liquidity Plans

I raise my glass to your new rules,

then pour a second drink.

You are concerned about coverage?

Let’s strip down for a midnight swim

in the same pools.

European Banking Union

Regulatory bodies slipping out of their suit jackets,

finding whatever harmonization they can

while crossing each others’ borders,

seeking that elusive union in which we meet all standards,

have weighed our risks perfectly,

and can tell you exactly how this will resolve

when it inevitably fails.