S&L DEBACLE

Home Sweet Home Loan
balloon payments
ground rule: rule ground
water surrounded
earth no one
can own
affordable housing
transformed forthwith
for federally insured
gambling casinos
creating homelessness
taxpayers uninvited
excepting cannon fodder
highfliers stripping
ozone banking wars
hot money
Garn-St. Germain
deregulation and forbearance
Zombie thrifts
landflip orgies
time bomb loans
straw borrowers
daisy chain system
funneling funds for
shell companies
gun runners
drug smugglers
CIA Bush leaguers
Sunbelt's gunbelts
supercharged atmosphere
growth steamroller
massive overbuilding
avalanche logic
pure speculation
oil collapse
children's trust
offshore entities
pyramid schemes
advancing death
who survives
pretending ownership
who survives


--David Joseph