Senate Default Swaps
For judges, brokers and the Fed

You've met J.P. Morgan's Queen
    of Credit Default Swaps.

Now meet her new derivatives
    designed to fund Bernanke's cops,

A scam that didn't start with Blythe;
    it wasn't her idea.
Instead think faux-attorney's
    like Alito and Scalia.

Destroyers of Democracy
    and how we had a vote,
Now they've ruled big businesses
    are free to rock the boat,

And not only rock it but to
    commandeer the seats
To make sure we've a Congress
    of wholly owned repeats

Who they and Blythe propose to sell
    as "Senate Default Swaps"
With names like "Blue Cross", "Aetna",
    "Dunkin' Donuts" and "i-Hops".

No more "Lieberman", "McConnell",
    "Nelson" or "Landrau",
But clever hygienic names
    that Apple might endow.

So anytime a corporation
    overplays its hand
"Senate Default Swaps" ensure
    their Congress won't disband

While making judges and The Street
    some very tidy sums.
This all assumes they leave some crumbs
    for Ben Bernanke's bums.

Bob Carlson
www.politicalboondoggles.com
1/31/10

To 'Scalia's Court'
To 'J.P.Morgan's Inventor of Credit Default Swaps'
To 'Justices, 5-4, Reject Corporate Spending Limit '
To 'Senate, Weakly, Backs New Term for Bernanke’