The Bear Necessities

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Here is a specially rewritten version of The Bare Necessities, originally from Disney’s The Jungle Book, which follows the tribulations recently experienced by a number of investment banks.

Where are the Bear necessities?
No longer trading equities,
Got buried in a landslide of subprime.
I mean the Bear necessities –
Those benchmark Gilts and Treasuries
Forgotten in a sea of banking grime.

Whatever, I wonder,
Became of my home?
My mortgage was squandered
With millions of loans.
And now there’s no liquidity
Banks have been brought down to their knees.
And when they get up,
It may come to pass
That the SEC and the FSA will regulate their ass.
The Bear necessities of trade will come to them.

Source: Financial Times


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