IV Robert Citron
They should've voted for that Moorlach guy,
But Bobby had his day beneath the sun.
Well, now he's died, and no one cares just why.
Eight billion bucks in Orange County funds!
A bankruptcy is what our hero won,
With interest-rate derivatives his plan,
And Golden-state taxpayers had no fun,
When Bobby went off, handcuffed, in the van.
Do not despair. He's not the only man
To tax and spend and tax. It's tried and true!
That self-important California clan
Has got the same plan for the rest of you!
While chasing down the California dream,
He broke his neighbors. In a Ponzi scheme.
author's note: Citron exemplifies the false notion that spending controls are unnecessary. Uncontrolled spending naturally leads to a "bubble", which was his purported panacea. Citron's particular bubble was a mere microcosm of the larger, all-encompassing bubble that was soon to be the mortgage derivative crisis brought on by similar thinking among our national leaders, notable Barney Frank and Chris Dodd.
ReplyDelete