Why settle for false teeth? It is his sectional woes.
17 (2) scalpel’s him, should he try to stand on his toes
Your honor Shakespeare’s Shylock was a blundering fool.
We sanctified lenders: honest, really bloodless-cool.
Noble Indians, We shine, feel good too; our earning birthright.
Borrowers generate money for us, our win-win situation our might.
Industrious begot carpet-beggars daily to be taken for a ride.
Filthy people, question our efficiency, we should strip their hide.
Declared Prime lenders we are for the nation’s fund; financially bound.
Public’s money we lent, galvanized the NPA ten thousand crore rounds.
While, brethren UTI played with country’s creamy funds, all the way:
Government bailout for us, a re-invented securitization act love play.
Is he The Arm’s or the Man? What, Blunt-chilly challenging mule
Alas my lords! After DRT, he would be toothless-bloodless by rule,
Oh! That remaining part a paltry sum won’t; our coffers ever fill.
His loan part was the seed we held, Account NPA: we do not spill.
True believers we are, your Excellency’s can’t leave him for re-birth fights,
Pledging us his soul today; O! Lord before he really vanishes from sights.
Author notes
This poem is being placed here so that people know it is best never to take a loan without going into the true pro’s and con’s of such acts.
Also to take ones mind to the melt down in share markets worldwide.
Information:-
Securitization act (Year 2000) ( Sec:17/2): Can take over any enterprises with out truly possible legal remedies for the borrower in normal courts. (Later rationalized by The Supreme Court of India reduced this wrong.)
U.T.I = Unit Trust Of India.
N.P.A. = Non Performing Assets. (Really treated as such by banks when a borrower tries to lower his interest component by reducing his OD
Crore = Ten million (100X100,000)
D.R.T = Debt Recovery Tribunal (Biased towards the Banks.)
(In short for an honest borrower it means never take a loan, is all I can say.)
Ref: 1. ‘Shylock’ Shakespeare Merchant of Venice
2. Play ‘Bernard Shaw’s Arms and the Man’
A contest entry
- Poem of the Month - by Bear - by Arkbear.
2000 points, ended November 1, 2008, 12 entries
• next poem in this contest, remove from contest
Comments
1 - 17 of 17
-
Hey and welcome to the POM!
To me, this started out okay and just turned into a rant, and as NeonRose said, without the AN, I would have had no idea what it was about, and even after, I was confused. Your vocabulary is great, but the acronyms threw off the flow and, it just didn't do it for me. But maybe it's just because I'm not 100% sure of the point.
Good luck at any rate and remember, no editing once a judge has commented. -
-
This was a PW
-
I am grateful that you read this poem.
It was written around 2000-2001.
Since this is an important contest on AP I choose to enter it for general reading.
I have also posted more information below in my comments. Hope your will understand the importance of this information to each and every one connected with or wishing to take loans.
Also you are welcome to ask anything and I shall try to reply to the best of my understanding. -
-
Any entry you place into a PO' Contest, is supposed to be FRESH, as Rules indicate
You have stated tihs was penned almost 7 years ago.......this would have been DQ'd, had I known that......please read ALL RULES next time.....God bless,
Bear ~ -
-
Watchout in future.
Sorry, I always thought pre-writes were poems already posted at AP.
I do not know what white really would look.Never tried it. Initially I tried to use backgrounds and ended up with dark unreadable poems. So use default backgrounds.
-
-
-
-
Hi, and welcome to the POM.
In all honesty, without your AN, I would never have known what this was about, really. Even after reading the AN, I was still a bit confuzzled.
True, the language is great, and the references impressive...but with all the acronymns and the long sentence format..I got sort of lost.
Hopefully, other judges will be more informed or better educated than I. For me, this was not a poem, but more a thesis.
My scores will appear with final remarks. Best to you in the contest.
Remember, no editing once a judge has commented.
-
-
This was a PW
-
-
Watch out in future
Sorry, I always thought pre-writes were poems already posted at AP.
I do not know what white really would look.Never tried it. Initially I tried to use backgrounds and ended up with dark unreadable poems. So use default backgrounds.
-
-
It was great to read your comments.
'Poetic Thesis' really makes me think what a vast ground poetic language can really cover.
It would be nice if you can read my comments below. I choose this contest to really highlight today's falling markets.
Thanks for your comments.
-
-
Uncommon theme and I must to admit I was a bit lost in it. I agree with you, the main problem is that people mostly do not read notice on the bottom of contracts written with smaller caps. Good luck.
-
-
I am greatful for your valued comments.
Kindly do look up my comments below for further information in the matter.
I really thank you for taking the time to read this poem.
-
-
Welcome to the POM!
First impression.....I enjoyed your Poetic Tone....how beautiful!
However, when you implemented the acronyms, the Flow.......the Tone.......and the visions were disrupted and your write lost quitea bit of quality to it, and became more of an Informational Piece to the Readers ~
As I said, I thouroughly enjoyed the write, but keeping it in Poetci Tone is what is asked of you in the Rules ~
Now, with that said, you have other Judges coming behind me, and their opinion are just that as well...opinions ~
May you be blessed for bringing us such vital info on the subject....which I know all too well....God bless you!
Bear ~
Title 6.5...I would not click on this Title, unless I wanted to read about this genre....gives too much info -
Flow 8.4....I was impressed at first, but then the Acro's slowed things down considerably -
Depth 9.8..lots of depth, for an Info write* -
Theme 8.2...Nicely chosen...but your appraoch was not as poetic as I like -
Feelings 5.5....I seem to see none here....but if you jon me again, you will begin to see what each Judge looks for -
Grammar 9.85...affective -
Presentation 7.4...usually not of extensive lines -
Uncommonness 9.1...unique....but not very poetic with all the legal info -
Sit & Ponder Affect 9.9...I did ponder, for sure -
Ability to follow Rules 9.5...watch for not having white background.....very simple to fix....go to edit....change to white -
Bears Score: 84.15
Not bad
No editing after a Judge touches your work, or until after contest please
-
-
It was lovely to enter your contest.
Thank you for the comments which are really valuable to me in learning to be a poet.
I am also grateful for your contest as it give exposure to this problem I have faced in life on loans, your contest helps, to enlighten others to take a positive and constructive decision, to avoid getting caught up in such problems.
Thank you for reading this poem.
I have commented below on this matter with general example.
It would be great if you can read the same as repeating it here would only be taking up space.
-
-
Yes, it's sad too many don't stop and think before they borrow. But for the majority, the workers, they won't get a hand-out/bail out. So they should beware.
Too many want too much, too soon - and then the rest end up paying for their lack of common sense.
well said
best wishes in the contest.
-
Indeed..such wisdom, sadly, after the fact
Good luck in the contest 
-
What an intelligent and cleverly done poem!
and yes..we are feeling this worldwide...
one voice is telling us....it's all our fault shame on
you for borrowing so much money.....
and then on T.V. the markets are diving into
DARK DEPTHS because we are not spending!
If wages don't keep up with inflation in our country,
they don't do anything to resolve the issue and
help efficiency....
simply encourage us to get more in debt!
circles and circles...of in-efficiency!
frustrating ALL!
flamesdragoness
Seattle, WA.
-
-
Nice comment.
Yes it is inefficiency and frustrating for all of us to loose money when with time we should be booking profit on our investments.
Ever considered the smooth efficient way the Financial Institutions work when it is their money at stake:
On the other hand when they handle others money they tend to become inefficient because it puffs their profits?
Think of a dropping market, they get CRR reduced and REPO interest rates are lowered to infuse funds into their hands by Governments to create liquidity.
At times Governments bail them out by buying into their share (though at a lower market rate to government’s advantage) so they don’t windup.
Funds have an added advantage to buy into low entry load into profitable firms and sell at high entry to book profits.
All a very good efficient system for the ones holding infinite funds to play a Poker game at others gullible expense.
Assume a million people take one unit share in a Mutual fund at face value of ten dollars.
(To simplify let management and other expenses be nil for now.)
With the ten million dollars the fund invests in assets (A) worth that amount.
Now the market moves up this asset valuation to say twenty million.
Each person if he sells books profit of ten dollars (less expenses).
At this point another million people buy a unit each at 20 dollars face value +10 dollars entry load.This additional amount is used to buy property (
worth twenty million.
On date the Fund with twenty million shares holders, owns assets worth thirty million.
With each unit share value at 15 dollars:
The market bottoms out by 25% leaving total asset valuation at 22.5 million.
Again it bottoms out further by another 35% leaving asset valuation at 14.625 million.
God forbid the market reaches a new record down by another 35% leaving asset value at 9.50625 million.
Each face value (initial) investor lost 0.49375 dollars.
Each (Face value + 10 dollar) investor lost 10.49375 dollars.
Where did this money go?
It is there invested in assets. Those who buy now gain and those who sell book losses.
“Now look at this from an Entrepreneur (borrowers) side: Consider interest to be nil, a work expense.”
He Invests 10 million dollars and borrows from the Financial Institutions ten million dollars to setup infrastructure for a manufacturing unit.
And the share market asset valuation drops to 9.50625X2=19.0125 million dollars.
God forbid the asset valuation with deprecation etc drops by 50% to just 9.50625 million.
Wiping out the loan and a part of the Entrepreneur investment; and THEN:
The Financial Institutions use the provisions of this Securitization Act and ask you to
Return their loan or they shall takeover the asset and sell it in the market which has been wiped out. And you are barred to seek redress from regular courts.
To fight at Debt Recovery Tribunal you have to deposit 75% of loan amount to get your case filed. With a FI bias you really are toothless.
Here this act really forces you to sell VALUED assets to book losses?
Now add interests and penalties etc: you not only loose your investments but your soul to survive.
On the other hand FI whose wings should be clipped get away with large bailouts in love acts to protect jobs; whereas the ones creating jobs get thrown out, slain for others in-efficiency.
Kindly forgive errors I may have unknowingly made for I am no financial expert.
-
Adding your comment:
1 - 17 of 17
