Mar

17

CDO Fantasy, from Craig Mee

March 17, 2008 |

Is this the real price?
Is this just fantasy?
Financial landslide
No escape from reality

Open your eyes
And look at your buys and see.
I'm now a poor boy
High-yielding casualty

Because I bought it high, watched it blow Rating high, value low Any
way the Fed goes Doesn't really matter to me, to me

Mama - just killed my fund
Quoted CDO's instead
Pulled the trigger, now it's dead
Mama - I had just begun
These CDO's have blown it all away

Mama - oooh
I still wanna buy
I sometimes wish I'd never left Goldman at all.

I see a little silhouette of a Fed
Bernanke! Bernanke! Can you save the whole market?
Monolines and munis - very very frightening me!
Super senior, super senior
Super senior CDO - magnifico

I'm long of subprime, nobody loves me
He's long of subprime CDO fantasy
Spare the margin call you monstrous PB!

Easy come easy go, will you let me go?
Peloton! No - we will not let you go - let him go Peloton! We will not
let you go - let him go Peloton! We will not let you go - let me go
Will not let you go - let me go (never) Never let you go - let me go
Never let me go - ooo


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2 Comments so far

  1. 10kthrownaway » Blog Archive » The 8:01 Report on March 19, 2008 8:37 am

    […] The BoE voted to keep the interest rate at 5.25% Dr. Steenbarger on 3 Common Mistakes of Traders Morgan Stanley (MS) earnings drop 42% Chris Perruna covers the Visa (V) IPO For you Queen fans, CDO Fantasy, from Craig Mee Jim Rogers is bullish on stocks, bearish on Bernanke […]

  2. Steve Parker on March 21, 2008 7:05 pm

    I memorized this and sang it in the pub three times!

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