The Prompt Corrective Action Law
Mandated but ignored

The Prompt Corrective Action Law
    mandates that Timmy close
Failed financial institutions
    that will not disclose

The reasons Tim's on record
    that they'll need two trillion more,
Despite the years he ran the Fed
    but didn't mind the store

Because he feared "a system
    overwhelmed by regulation"
That Summers, Gramm and Rubin
    chose to gut with legislation.

It looks as if Obama's guys
    are perpetrating fraud
With free advice from Bushie
    who's "consulting" with his god.

With help like this how can these
    oligarchs be so damn wrong?
Receivership or bankruptcy
    shouldn't take that long.

But will Timmy do his duty,
    or believe Bush chats with God?
If the latter, tell Obama
    to borrow Cheney's cattle prod.

Bob Carlson
www.politicalboondoggles.com
4/6/09

To 'Financial Oligarchs'
To 'Larry Summers'
To 'Robert Rubin'
To 'Timid Timmy Geithner'