April 19, 2009

Five Quarters

I think the need
to be where
it feels
like a test
enables a bit
of the other hand.

But when you know the hand,
when the focus is really on
performing the steps
to assure the support of
an existing position,
then it leads me, sort of,
to force the ratio 
between 
stress and capital.

Nobody is looking
to de-leverage the test.
The thoughtful idea is that
you need to look,
to be in a position
to lend five quarters,
literally.

But stripped of appropriate focus,
the economy of stress
tests the levels well.
Capital enables capital
and you are the capital
and they have got you
where you are,
supporting the stronger side.