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{{Script|Herculio}}: How now, Ser Jez: how fares thy short?<br>{{Script|Ser Jaramey}}: Squeezèd. <br>Unwarily I trod the [[bottom of the range|basest range]] <br>And sold there what I borrowed: <br>A common stock of dismal prospect. <br>{{Script|Herculio}}: A manful punt for so scant a likely gain? <br>{{Script|Ser Jaramey}}: Aye but, I thought, yet safe enough — <br>That laggard scrip, housed around in bricks and mortar, <br>Whose hawkery of pre-loved flickish playthings <br>Casts surer shade across the [[Chapter 11|purgatorial chapter]] <br>Than e’er it might upon some distant hea’enly host. <br>The surest thing was up: its only way was down. <br>{{script|Herculio}}: Oh? Did it not turn out so? <br>{{script|Ser Jaramey}}: A [[Reddit|noisome band of amateurs]] did twist its price. <br>That vapid instrument prescribed a path most inopportune. <br>{{script|Herculio}}: A sideways move perchance? <br> | {{Script|Herculio}}: How now, Ser Jez: how fares thy short?<br> | ||
{{script|Ser Jaramey}}: How might I wish! <br>{{script|Nuncle}}: It went to the moon. <br>{{script|Nuncle}}: When the [[GameStop]] stops, stop.<br>{{script|Herculio}}: How fares thy mark-to-market now? <br>{{script|Ser Jaramey}}: Sadly low, and presently moist, or damp — <br>{{Script|Herculio}}: “Damp,” you say? I never heard a portfolio get wet! <br>{{script|Nuncle}}: Yet ever’y other one is under water. <br>{{script|Herculio}}: Now I catch the drift. How far deep is down? <br>{{Script|Ser Jaramey}}: More fathoms than I can fathom. <br>And now the one who wrote my swap hath taken ill, <br>Though he be to the good and I be in the hole. <br>{{script|Herculio}}: Ill? What malady afflicts a man so thickly profited? <br>{{Script|Ser Jaramey}}: His payments due to other banks <br>In sum well ’cross the starry [[Threshold Amount - ISDA Provision|Threshold]], lie in [[arrears]]. <br>Sans [[Grace period|grace]] or [[composition with creditors|composition]]; absent a cleansing [[force majeure]] <br>He’s in default. I have him bang to rights.<br>Herein, my dilemma: Do I close my book, as is my right <br>And bear the funded pain of outward cashflow — <br>Or hold my peace, keep powder dry and stay the course <br>To expiry in earnest hope that, ’twixt now and then <br>Vicissitude should salt away my losing marks? <br>The latter course, of course, appeals, save this: <br>I, by lights of our compact, must pay what is [[Confirmation - ISDA Provision|confirm]]’d <br>While my oppugnant customer — the very one in breach<br>Revels in churlish delinquency. It feels unjust. <br>{{Script|Herculio}}: Canst thou not, with merry words <br>Assuage this awkward detriment? <br>A simple term, to wit: whilst man defaults <br>He may not seek performance? <br>{{Script|Ser Jaramey}}: Alas, that lance doth fetch aslant <br>Upon the voiding sheen of [[Bankruptcy Code|code]].<br>No feint, nor jibe, nor fulsome thrust of cunning covenant <br>Couldst adjourn our present debt short of its terminance<br>Such canny phrase wouldst fall away: <br>A null, a nought, a preference rudely voided.<br>And thus, our right demis’d. No more <br>Than had we ne’er inked it in the first place.<br>{{Script|Nuncle}}: Hold that thought. There’s something in ’t yet.<br>Empty is as empty does, Sirrah. One cannot pick an empty pocket. <br>What rights a man hath never had cannot be stole.<br>{{Script|Ser Jaramey}}: ’Tis an empty supposition, Fool. <br>Mere riddles cannot make us whole.<br>{{Script|Nuncle}}: Hold on: if wholly the whole’s a hole <br>Who’ll hold the whole hole holy? <br>{{script|Ser Jaramey}}: Holy moly. <br>{{Script|Herculio}}: I have a thought. This meagre tract: not ninety words <br>Wrapp’d about with preliminal nicety and <br>Stamp’d as for affixation to a [[boilerplate|servic’d boiler]] —<br>Conceals a clever trick. <br>{{script|Ser Jaramey}}: What kind of onion’d witchery is this? <br>{{Script|Nuncle}}: He who soaps an [[assignee]] with unfreighted tropes of conjury<br>Tricks only his own frail examinership.<br>{{script|Herculio}}: Hear me, though: this rider taps a deeper art<br>Than the | {{Script|Ser Jaramey}}: Squeezèd. <br> | ||
Unwarily I trod the [[bottom of the range|basest range]] <br> | |||
And sold there what I borrowed: <br> | |||
A common stock of dismal prospect. <br> | |||
{{Script|Herculio}}: A manful punt for so scant a likely gain? <br> | |||
{{Script|Ser Jaramey}}: Aye but, I thought, yet safe enough — <br> | |||
That laggard scrip, housed around in bricks and mortar, <br> | |||
Whose hawkery of pre-loved flickish playthings <br> | |||
Casts surer shade across the [[Chapter 11|purgatorial chapter]] <br> | |||
Than e’er it might upon some distant hea’enly host. <br> | |||
The surest thing was up: its only way was down. <br> | |||
{{script|Herculio}}: Oh? Did it not turn out so? <br> | |||
{{script|Ser Jaramey}}: A [[Reddit|noisome band of amateurs]] did twist its price. <br> | |||
That vapid instrument prescribed a path most inopportune. <br> | |||
{{script|Herculio}}: A sideways move perchance? <br> | |||
{{script|Ser Jaramey}}: How might I wish! <br> | |||
{{script|Nuncle}}: It went to the moon. <br> | |||
{{script|Nuncle}}: When the [[GameStop]] stops, stop.<br> | |||
{{script|Herculio}}: How fares thy mark-to-market now? <br> | |||
{{script|Ser Jaramey}}: Sadly low, and presently moist, or damp — <br> | |||
{{Script|Herculio}}: “Damp,” you say? I never heard a portfolio get wet! <br> | |||
{{script|Nuncle}}: Yet ever’y other one is under water. <br> | |||
{{script|Herculio}}: Now I catch the drift. How far deep is down? <br> | |||
{{Script|Ser Jaramey}}: More fathoms than I can fathom. <br> | |||
And now the one who wrote my swap hath taken ill, <br> | |||
Though he be to the good and I be in the hole. <br> | |||
{{script|Herculio}}: Ill? What malady afflicts a man so thickly profited? <br> | |||
{{Script|Ser Jaramey}}: His payments due to other banks <br> | |||
In sum well ’cross the starry [[Threshold Amount - ISDA Provision|Threshold]], lie in [[arrears]]. <br> | |||
Sans [[Grace period|grace]] or [[composition with creditors|composition]]; absent a cleansing [[force majeure]] <br> | |||
He’s in default. I have him bang to rights.<br> | |||
Herein, my dilemma: Do I close my book, as is my right <br> | |||
And bear the funded pain of outward cashflow — <br> | |||
Or hold my peace, keep powder dry and stay the course <br> | |||
To expiry in earnest hope that, ’twixt now and then <br> | |||
Vicissitude should salt away my losing marks? <br> | |||
The latter course, of course, appeals, save this: <br> | |||
I, by lights of our compact, must pay what is [[Confirmation - ISDA Provision|confirm]]’d <br> | |||
While my oppugnant customer — the very one in breach<br> | |||
Revels in churlish delinquency. It feels unjust. <br> | |||
{{Script|Herculio}}: Canst thou not, with merry words <br> | |||
Assuage this awkward detriment? <br> | |||
A simple term, to wit: whilst man defaults <br> | |||
He may not seek performance? <br> | |||
{{Script|Ser Jaramey}}: Alas, that lance doth fetch aslant <br> | |||
Upon the voiding sheen of [[Bankruptcy Code|code]].<br> | |||
No feint, nor jibe, nor fulsome thrust of cunning covenant <br> | |||
Couldst adjourn our present debt short of its terminance<br> | |||
Such canny phrase wouldst fall away: <br> | |||
A null, a nought, a preference rudely voided.<br> | |||
And thus, our right demis’d. No more <br> | |||
Than had we ne’er inked it in the first place.<br> | |||
{{Script|Nuncle}}: Hold that thought. There’s something in ’t yet.<br> | |||
Empty is as empty does, Sirrah. One cannot pick an empty pocket. <br> | |||
What rights a man hath never had cannot be stole.<br> | |||
{{Script|Ser Jaramey}}: ’Tis an empty supposition, Fool. <br> | |||
Mere riddles cannot make us whole.<br> | |||
{{Script|Nuncle}}: Hold on: if wholly the whole’s a hole <br> | |||
Who’ll hold the whole hole holy? <br> | |||
{{script|Ser Jaramey}}: Holy moly. <br> | |||
{{Script|Herculio}}: I have a thought. This meagre tract: not ninety words <br> | |||
Wrapp’d about with preliminal nicety and <br> | |||
Stamp’d as for affixation to a [[boilerplate|servic’d boiler]] —<br> | |||
Conceals a clever trick. <br> | |||
{{script|Ser Jaramey}}: What kind of onion’d witchery is this? <br> | |||
{{Script|Nuncle}}: He who soaps an [[assignee]] with unfreighted tropes of conjury<br> | |||
Tricks only his own frail examinership.<br> | |||
{{script|Herculio}}: Hear me, though: this rider taps a deeper art<br> | |||
Than the [[sequestrator]]’s strange [[Insolvency Act 1986|astrology]]. <br> | |||
Should constellations, ill-aligned, by morbid glint <br> | |||
Throw misadventure upon one side — call him, “A” <br> | |||
Whilst upon the other — that one, “B” — by present value judg’d <br> | |||
Calamny befalls his pretty box of bets — <br> | |||
{{script|Nuncle}}: As long in extant tenor as they are short of market nous.<br> | |||
{{script|Herculio}}: Thus poor Party B confronts a cleffèd stick: <br> | |||
Close-out apace, but fund afull his bishèd speculation — <br> | |||
Or stay in play and pray the stars parlay his losing stake away<br> | |||
But meantime pay what’s due away sans hope of reciprocation? <br> | |||
{{script|Ser Jaramey}}: No more or less, Herculio: that is my dilemma.<br> | |||
{{script|Herculio}}: Then my canny rider sees you right. ’Tis no suspension, nor amendment, nor convenient snatch of rights on point of breaking |