'Bailout Is a No-Strings Windfall to Bankers, If Not to Borrowers'—New York Times

Deadline Poet

By Calvin Trillin

This article appeared in the February 9, 2009 edition of The Nation.

January 20, 2009

The credit crunch was causing such great woe
The feds agreed to hand some banks some dough.
We all assumed that they were going to lend it.
It turns out, though, that they prefer to spend it
On buying smaller banks and other things.
(The money they were given had no strings.)
And yes, of course, the credit crunch endures,
So don't ask banks for dough, although it's yours.

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About Calvin Trillin

Calvin Trillin is The Nation's "deadline poet." He has been a staff writer for The New Yorker since 1963 and has written the syndicated weekly column "Uncivil Liberties" since 1986. He has authored many, many books, including Tepper's Not Going Out and Deadline Poet: My Life as a Doggerelist. more...
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