A LEHMAN POEM

This gem was posted on the Naked Capitalism Blog here:

Mr. Fuld’s lawyer said,
“He did not know!”,
That Repo 105,
Was a scam to steal your dough,

Fuld paid up front cash,
In exchange for trash,
Called them sales instead of loans,
It was a scam quite brash,

But it stunk so bad,
American law said – ”No!”
“We’re scum bag crooks too,
But we won’t stoop that low!”,

So he got a big law firm,
Across the pond,
To wave the legitimacy,
Magic wand,

British Linklaters,
In its lawyerly bluster,
Said, “Don’t worry Dick,
We’ll make this shit pass muster.”,

But Dick knew the game,
Was ‘plausible deniability’,
So he had Ernst & Young,
Also certify and agree,

He knew that Justice,
And the SEC,
Also on his payroll,
Needed to see,
An arms length distance,
So all could disagree,
And give credence to his claim,
Of ‘plausible deniability’ …