Seth Journey, a small business owner who once had some kind of adjustable rate mortage, just heard the news: the new vice-president woman was touring around the country distributing Willy Wonka bars. What an idea! A few lucky Americans were chosen to stand in mock bread lines. THey were told to look depressed and sad and all this poppycock set up by CNN. Some were laughing and holding up empty gasoline cans, which didn't make sense, except that food was being coverted to energy (?) And others were waving to the camera, waiting for a chance to win what was called: "My Bailout.Com" . The golden ticket was hidden in chocolate bars, like in the movie, "Willy Wonka".
"Imagine", stated Wolf Blitzer, "having Chairman Bernake greet you with a poster-sized check with ballons and the whole world watching. We'll, you too will be soon bailed out, according to senior sources. The Federal Reserve is establishing an Emergency Make-A-Wish-For-Future-Happiness Fund. Homeowners are now able to securitize their 'wishes, hopes, and anything else of value', and --- after completeing a couple of forms,--- will be able to sell these forms to the U.S. government. The govenment will invest in the hopes of each and every American. To pay for these securities, the government will garnish the wages of anyone alive, past, present and future. Building jails to hold all those who refuse to have their wages garnished will create jobs and help the economy! said one Washington Willy Wonk.
Seth was driving in his Turbo Ford Series X-cellent Crusher SUV when he heard the news. It only got 5 miles a gallon. Luckily, he had several credit cards to spread out the gas cost. And he was only $20 away from his credit limit. He just make it home in time before his Saudi American luxury sputtered to a halt. Seth felt at peace within the air-conditioned armoured-truck, like a monk did within his temple. Their was this extension of massive energy he felt he guided, as if he were Zeus throwing arrows. The driver's seat had an automatic booster seat raised him up, higher and higher. He could see over the tops of all the cars on the highway! What a vision!
Martha was Seth's wife. She had grown accustomed to the blank walls, the non-existant furniture, and the empty drawers. She had prepared a meal composed of bread sandwichs smeared with butter and jelly. Glasses of water, and a side dish of chopped up crackers, completed the picture: a table for two --- sitting against the walls of their kitchen. Foreclosure was not as bad as she thought. It even seemed to bring her closer in some ways to her husband.
"Hi, Marth" Seth said, as he stepped in, and put down his empty briefcase, which he now used to hold small lunch items. He kissed her, and held her for a long time.
"Hi, Babe" she mummured, feeling close to the scent and his warm body holding her.
The completed their embrace, and came apart. Through the weeks, they adusted to the empty rooms of this house they loved. It made Seth more depressed than Martha. He wanted to have her with him, for possibly a family, and a room where she could paint her watercolors, and another room where Seth could sit in, and practice on his flute. He liked music, but he felt he got a good price on the flute.
When Martha looked at Seth, he could sense his sadness. She didn't understand why he wanted to play the flute, but that was "Seth" to her. They each had their likes and dislikes, and they uncovered a number of their patterns and emotions in their relationship due to Martha being laid off and Seth cashing out. He only went to the city to sell it all to Wall Street types, amorphous bacteria, like the flu, laughing and drinking, and making poor Seth weep in the bathroom in the middle of the night. He tried hard to fight it. That was "Seth". But you can't fight crying, she thought.
She looked at him and said "Well, another night."
"Can't go out" Seth said. The two literally could not do anythng, for it would tax resources they no longer possessed. There was nothing in the till. The budget folders were bare. Assets were now a perverse joke: ownership seemed to be the inverse of its meaning. Debt was now some kind of terrorist. And they were now hostages. There was no way out.
As the two sat together in silence, but they smiled whenever they looked at each other. They still loved each other, even after their lifestyle evaporated. Family and good friends simply ignored them. The rules were pretty clear. And even if they were given a helping hand, they would have probably turned it down. Seth would of, but maybe not Martha. And if Martha accepted, she would of turned around and given half the money back. Then she would be still with the other half, the dirty guilt of holding it, and the feeling of being punished made her face flush. There was either anger or dispair, because they needed it, but they could not see themselves as before. They were the beggars. They were to blame. The god of The Fed was Angry. The Public would just rather have them lynched.
Seth could see that Marth was deep in thought. She looked the best when she was composed. Her cheeks, and face, and forehead had an air of a warrior woman on hold. No problem, generally speaking. Being broke didn't mean she looked any less attractive.
Marth looked up and saw Seth his his sexual eyes. She smiled and was reminded how incredibly difficult it was to get a moment together to perform generally accepted accounting principles. They both wanted to write some macros together under the spreadsheets. And for a long time, the volume of their career transactions interfered with their private equity. They saw an opportunity to make a huge buyback.
Seth said, "My mortgage securities are inflating" as he porked around his federal package area. He groped her other arm around her. "Do you feel my debt ceiling rising?" he said, holding his pulse. "My Bank of America is raising his flag" he said. But Martha just laughed a little.
Martha said, "Well, Mister Federal Trillion Dollar Debt, my market needs some stimulation, can you bail me out? There is no Soverign Entity Fund in the world that can buy up all the stock I'm selling. Can you underwrite me?"
"Don't credit default on my swap, Baby" Seth said, laughing. "I'm ready to crank up my LIBOR"
"Well you better do it fast, Chairman!" Marth said.
They both laughed and proceeded to invest their evening in chasing the dreams the markets had in store for them, where stocks and bonds floated freely, like butterflies and bumblebees. They kissed and hugged land pressed their bodies together like a frantic carry-trade unwinding, getting hotter and hotter. But this deal wasn't the likes of a Buffet or a Soros. There was no central bank in the world that could see what what was happening. Seth had a fantasy that his love-making would someday make it on the front page of Barrons. To him, that would be the ideal economy.
Recent Comments