Jul

10

They used to tell me I was building a dream - and so I followed the mob,

When there was earth to grade, or nails to drive, I'd borrow for the job.

They used to tell me I was building a dream, with peace and glory we led,

Why should I now be standing in line, foreclosure just ahead?

Once I built a credit-line, made it run, buying time.

Once I built a credit-line; now it's done. Brother, can we spare sub-prime?

Once I built a McMansion, up to the sun, stucco, sticks..sublime;

Once I built a tower, now it's done. Brother, can we spare sub-prime?

Once in khaki shorts, gee we looked swell,

Full of that Yankee Doodly Dum,

7.5 million ARM's,

Who'd a thought it dumb!

Say, don't you remember, they called me Mort; Mort I paid - all the time.

Why don't you remember, I'm your pal? Buddy, can we spare sub-prime?

"Brother, Can You Spare a Dime", lyrics by Yip Harburg, music by Jay Gorney (1931)

George Parkanyi adds:

I have another entry!

Sung to the tune of the Beatles’ Yellow Submarine …

In the town, where I was born,
Lived a man, who failed to see
The basic flaw, of going long
Asset-backed securities.

And so he bought, a mighty tranche
Of CDOs he thought secure
From triple A, it slowly dawns
That what he bought, but cow manure

all together now …

We all hold a ton of hollow sub-prime liens,
Hollow sub-prime liens
Hollow sub-prime liens

We all hold a ton of hollow sub-prime liens,
Hollow sub-prime liens
Hollow sub-prime liens

Now we watch, quite nervously
A fast imploding S&P
And we wonder, do we still have
A functioning economy

We all hold a ton of hollow sub-prime liens,
Hollow sub-prime liens
Hollow sub-prime liens

We all hold a ton of hollow sub-prime liens,
Hollow sub-prime liens
Hollow sub-prime liens

(repeat and fade)


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