The era of capitalism is drawing to a close.
Regulations are switched on to prevent further economic meltdown
A few decades back banks were modest.
They were a wee better than private lending companies.
Every advance was accomplished after deep analysis.
Credit was sanctioned after studying the worthiness of the borrower.
Equal or a little less valued collateral were taken as additional security.
The shareholder sand the depositors were less worried about their investments.
The banks took utmost care.
Now the banks wear a flashy attire.
They have a high profile.
They have a show of supermarkets.
Credit cards, debit cards, of different category have pushed in.
The drab soberity gave way to lively glamour.
The externals overswept the internals.
The flimsy terms overwhelmed the fine techniques.
Stage overtook home.
In the mileu the value was drowned.
Credibility was interred into dust.
Unmindful lending led to sub prime crisis.
The executives lost their keel.
Bank after bank collapsed like a pack of cards.
Now Paulson is wailing from wilderness.
He is crying hoarse.
He is urging quick approval of rescue plans
Bush has sanctioned 700 billion$ to bail out the nation.
As an ultimatum,
The taxpayer is ripped off his least belongings.
It is the time to adopt stringent measures.
The high fliers are to be tracked down.
“Masters Of universe”will have to be content with two cars ,one home and no private jets-Irwin Kellner.
Americans have to realise the naked truth and reconcile to reality.
The rise of socialism is peeping in.
Meenas Poems 