Fed Day

FED DAY

Several times a year Ben Bernanke and the Federal Open Market Committee meet to decide when and how to tinker with our economy. On Sept. 17, 2007, a few hours before one of Ben’s critical meetings, Sid wrote these five verses about Bernanke and his dilemma. Up to that moment, Ben had not made an interest rate cut, as he stood in Greenspan’s shadow.

We felt, that at the upcoming September meeting, Ben would have to commit, and he did. Now he has eventually cut interest rates drastically, including special between-meeting cuts. He seems to sense that there is economic danger ahead.

These five Fed poems were composed in a few days, just before FED Day, and were released to the press (over 9000 newspapers) at 6:59 AM on Sept 17, 2007, and within an hour were #5 and #9, in hits, on Yahoo and Google.

Sub Prime Pain

Greenspan/Bernanke and the FED

Buyers suffering pain of home foreclosures
The mortgage meltdown mounts... with more on tap
Greenspan made it, then gently laid it
(Crown and all) in Ben Bernanke's lap.

Now:
Stocks squeezing	Levels tested
Credit squeezing	Trend Lines broken
Jobs appalling	Loans requested
Calls For easing	Swear Words spoken

Will Ben, now, pass or throw the long one? Or, like his predecessor, be opaque. Either way, they'll say he called the wrong one. But doing nothing-that's a worse mistake.

The credit crunch gets crunchier every day This Mortgage Mess is messier than we thought. The question, now, as we resume the play: Will Ben be able to cut the Gordian knot? ........or Not!

The day has finally come when Ben Benanke must commit. Months have passed since Alan Greenspan handed over the chairmanship of the Federal Open Market Committee-the FED. Now Ben must show that, he and his FOMC mob, are really not "The FED that couldn't shoot straight." Today on FED Day we get to open the fortune cookie and Ben will show us where he stnds.

HEY MR. FED
First it was Tech making markets seize, Then, Sub-prime loans got the Bubble disease. The latest, they say, the Liquidity Squeeze. Mr.FED, I beg you. I'm on my knees. Turn off that Bubble Machine. Please!

BERNANKE'S DILEMMA

Market winds are "perfect storming."
Sub-prime fears mow grip the nation,
but Ben keeps one eye on inflation.
Will he ease to ward off trouble?
Or "hold" and re-inflate the bubble.
He's weighing every move he makes.
Gun the gas? Or hit the brakes?
The outcome, only time will tell.
We have our doubts, but wish him well.

SID SPEAKS (in Iambic Pentameter)

The FED now Knows
We've suffered through a sea-change.
And, Ben, at last, is ready to take the stick.
Now, we must shake awake and face reality.
Quite often humor helps to do the trick.
We may be flying into Bearish headwinds.
Ben's pills will help the queasiness subside.
We're taking off. It's time to fasten seat belts.
We could be in for a mighty bumpy ride.

GO, BEN, GO!

The sub prime knife has stabbed us. Our world has been attacked. And, Ben you'll be our hero. Today, the FED will act!	Now, here are all your options. In fact they're mighty few. It's "cut" or "hike" or "tap dance." How much? That's up to you.

Now, don't forget the rate-cut It's mightier than the pen. Don't lose your never, remember, You'r "Helicopter Ben."	The gun is locked and loaded. The target-now in view. Greenspan set the standard. Now, Ben, it's up to you.

Pick well, which rate to juggle, And how much juice to send. Remember, Ben, you're Chairman It's your choice in the end.	It's an Honored FED Tradition So Don't Disgrace it's name. I can hear you give the order now, READY...FIRE...AIM!

Sid Smith has produced and/or Directed TV shows for David Copperfield, Danny Kaye, Milton Berle, Loretta Lynn, Frank
Sinatra, and Bob Hope. Add to this, TV Specials for lauded legends Lucy, Liza, and Liz. Sid's Shows have garnered
Peabody, Christopher, and Emmy Awards.For a decade, his Cautionary Verses have appeared biweekly in the prestigious
financial publication The Richland Report. He Now Writes them proudly for The Public Record. Sid and his wife Jil Live in
Palm Springs, CA. You can reach him at sid@moneyfunnies.com or call Sid's cell:(323)823-4585

Permission is hereby granted by the author, Sid Simth, to use, publish, quote or reprint these verses and sayings, if credit is given to Sid Smith at Moneyfunnies.com

	"Read Moneyfunnies and sleep well when the market sizzles or fizzles !"