THE ARS MESS
By Seth E. Lipner
What if they held an auction, and nobody came?
Would the interest paid still be the same?
What if the market ran totally dry
And suddenly there was an over-supply?
If UBS stopped bidding that bond
Do you think that their customers would still be so fond?
Suppose that you bought a safe student loan
And now you can’t sell it - would that make you moan?
Would you think that your broker is some kind of wierdo
If he told you the interest on your Notes now was zero?
What if your cash all of a sudden went bad?
I bet that would that make you angry, or sad.
This stuff goes by the letters “A”, “R” and “S”
The wizards of Wall Street have again made a mess
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© Seth E. Lipner 2008
