I've been writing and playing political music since the heyday of Ronald Reagan, but this is the first song I've penned that directly grew from my experiences as an attorney for poor people.
I think the lyric falls within diary parameters. Those of you who would like to hear the music may follow the link.
You want to buy some real estate it’s late 2002
The market’s bustin’ through the roof, what are you gonna do?
You find yourself a broker who used to sell used cars
But now he’s rollin’ in the dough and stuffin it in jars
He’s got no subprime blues, he’s got no subprime blues
And if your credit’s in the gutter, he knows exactly what to do
"Your income has too much outgo, the numbers need a tweak,
We’ll find a way to beef ‘em up, I’ll call you in a week,"
He finds a willing lender who looks the other way
Securitize your shortcomings, adjust the rate you’ll pay
You’ll get the subprime blues, you'll get the subprime blues, and
That charming little starter home is what you have to lose
You look back on the White House, you see old W
Neoconservative poster boy and subprime through and through
We’ve got the subprime blues, We've got the subprime blues
He won’t do no regulatin’ because hasn’t got a clue
The bubbles all are burstin’ and the housing market’s down
That broker took the money and ran, he’s nowhere to be found
Fannie Mae and Freddie Mac both need some bailing out
Wall street fat cats getting thin, they all begin to shout
They got the subprime blues, They got the subprime blues
We got the subprime blues, and every body gets to lose
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