The National Poet Of Slovenia In A Language
People Understand explains the unexplained model, magical activities, and
non-participatory structure of Slovenia's new Bad Bank...
THAN THE GOD,
THE BAD BANK, AND
THE PUBLIC COMPANY?
Bad loans transferred make banks look sweet -
Removed, red, from their balance sheet.
Whilst banks enjoy its feather bedding,
A BAD BANK'S JUST A SEPARATE HEADING.
Black hearted bad bank's sex appeal:
For you would have to be a mug
To think bad loans swept 'neath a rug
Affects debtors' assets' existence
OWED NOTIONS' shrinking motions? NONSENSE.
So government (in Bad Bank hat)
Will lump itself? - Small caveat:
They can, to cancel off all that,
TAX LUMPEN PROLETARIAT.
Debtors' activities and stuff's
Not thus enhanced or made enough -
The debt may grow Mondays to Fridays
.................BUT WAS NOT CHANGED BY MOVING SIDEWAYS.
The bad bank: a bad loser's fiction.
A temptation to dereliction.
Can you, owed by those who don't pay,
.....................FORGET?? For sure...they'll go away!!
As state-owned companies pick the bones
Of bankrupts ex-state-bank-part-owned,
The government will wonder why
BANKS DON'T LEND TO THE LITTLE GUY.
Will this deleveraging entity
Be state owned...or by you and me?
If banks bad are solutions nice
THEN SURELY YOU'LL ALL WANT A SLICE!
At least as far as I'm aware
No-one has mentioned free bad shares
In a bad portfolio of bad real estate
AND A BAD CHRISTIAN CONGLOMERATE.
Shareholders' votes won't be collected?
Bad bank manager by whom selected?
What saint could grasp this mighty station?
Why can't this bad organisation
BE OWNED BY NATIONALS, NOT BAD NATION?
See left and right of this equation:
When assets sold don't make the nut
Taxpayers bite the bullet - but
Where bankrupts' assets reinflate
..................I'M AFRAID THAT'S PRIVATE BUSINESS, MATE.
The potential scrutiny's far too strange
For a bad bank on the stock exchange?
Is Slovenia too tightfisted
TO HAVE ECONOMIC RESCUE LISTED?
In your new non-public institution
Trust's inverse to wealth distribution -
The best bad bank a simple picture:
ITS EACH WORSE STEP MAKES EACH HOME RICHER.
To centralise, post-communism,
Accountants favour solipsism.