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...
CAPITAL IDEAS:
BETTER RED
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,
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A BAD BANK'S JUST A SEPARATE HEADING.
Black hearted bad bank's sex appeal:
1st. Numbers.
2nd. REAL.
For you would have to be a mug
To think bad loans swept 'neath a rug
Affects debtors' assets' existence
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OWED NOTIONS' shrinking motions? NONSENSE.
So government (in Bad Bank hat)
Will lump itself? - Small caveat:
They can, to cancel off all that,
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TAX LUMPEN PROLETARIAT.
Debtors' activities and stuff's
Not thus enhanced or made enough -
The debt may grow Mondays to Fridays
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.................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,
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.....................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
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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
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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
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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
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BE OWNED BY NATIONALS, NOT BAD NATION?
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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
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TO HAVE ECONOMIC RESCUE LISTED?
In your new non-public institution
Trust's inverse to wealth distribution -
The best bad bank a simple picture:
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ITS EACH WORSE STEP MAKES EACH HOME RICHER.
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But...
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To centralise, post-communism,
Accountants favour solipsism.