|The Nossiter Net
The net that shall enmesh them all
Edited, Written, and Published by Josh Nossiter
|Geithner's Plan Explained
Friday, March 27th, 2009
|The Nossiter Net is cast to snare some of the riper rascalities of the day. Comments? Send a letter to the editor.|
|Confused? Please try to follow:
We lend money to speculators
To buy speculative assets
From banks who speculated.
The assets are bankrupting
The very banks who own them.
But if sold at a good price
To the speculators
The banks will do nicely, thank you.
Won't the speculators go bust
If the assets bankrupting the banks
Are owned instead by them?
Because speculators are buying the assets
With your money.
But not to worry. Silly.
You won't own the speculative assets:
The speculators will.
And if the assets are worth anything
The speculators profit.
And if not?
It's only money.
And since you didn't really have it anyway
You won't miss it at all.
©Joshua C. Nossiter, 2009
* * * * *
A NOTE TO READERS ***Update***
Another three week plus hiatus, from April 30th until May 23rd, again due to Yahoo Geocities dismal service.
There was nothing new at The Nossiter Net between March 3rd and April 26th, 2007, nearly eight weeks. The reason: tech sabotage. Yahoo Geocities, the host for this site, denied access for the entire period. At one point, they even managed to lose all the files. In many discussions with Yahoo staff, no clear explanation was forthcoming. No one seemed able to fix the problem. Ruling out the possibility of Dubbya’s revenge, I finally wrote to Mr. Terry Semel, Chairman and CEO of Yahoo! Inc and described the ordeal the page had undergone since the beginning of March. A week later, a helpful Yahooo engineer named Jason called. He had my letter before him. Though he couldn’t do the repairs on on the spot, he promised a fix by the next day. That was April 26th, nearly two months after shutting me down in the first place.
The Nossiter Net apologizes, which is more than I can say for Yahoo Geocities.
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