What will Santa put under the corporate Christmas tree?

The Dow Jones Average is climbing again. Corporate mandarins take hope that the worst is behind them, and not more bad news to come. Tis December, the commerical holiday month, when joy and hope, a sense of renewal and rebirth abound. The Moneybags await with delight at the double-digit bonuses for a job that they think they've done well as the economy unravels in the light of the subprime mess and writedowns continue in the us$ billions. The corporate pooh bahs are breaking pearly teeth of theirs on reality. The steady decline in the almighty Yankee dollar and the massive subprime debacle, which some pundits say will present a bill of up to a half-trillion dollars or more, is coming due. [And we're not talking of the little people who are losing homes or are losing jobs, who are already feeling the heat of bad, unregulated, greeday corporate practices]. The economic authority of the United States is at stake. Who can it enlist in Washington to neutralise if not turn around a decline in fortune? The Bush administration is quietly putting pressure on investment banking houses and mortgage lenders to slow down foreclosures by giving the hoodwinked mortgage holders a reprieve of sorts. It won't work because these bankers and lenders need money to stem the haemorrhaging of bottomlines and bruised ego and bad management. Will they suffer? Hardly! Look at the two disgraced presidents of Merrill Lynch and Citigroup. They've walked off with millions in compensation and stock options for the mess that they are leaving others to clean up.
The American banking elite however are devising schemes to recycle the junk financial instruments which are broadly called 'subprime loans'. They know that there is money to be made one way or another. One man's junk is another man's fortune!
Like the Prince of Salinas in 'The Leopard', the corporate elite will sell minority shares to foreigners whom they despise but who have fat wallets, so that they will keep the lion's share of the pelf. They will in this holiday seasons pay themselves bonsuses which could feed many a population in the third world, let alone alleviate the plight of the growing impoverished legions of Americans. But the spirit of the season doesn't extend to the poor or the struggling, it is for the Moneybags who have proven time and again what blockheads they are. And the politicans who take their donations and who share as only the wealthy can the same humble feelings of privilege of those who are to the manor born.
So with a naif sense of turning the corner of a major economic crisis, tarted up with rouge and a false white beard and hollow ho ho ho's, this leprous fraternity of fat cats will dole out millions in bonsuses with the righteousness and calm consciousness of the heavenly choir of angels