Subprime Blues

Ten years ago, we were in the beginnings of the worst economic downturn since the Great Depression.  I heard the late Daniel Schorr on NPR discussing the song “Brother, Can You Spare a Dime?” as I drove home one day.

I went home and wrote this 2008 version of that minor-keyed lament.  I found it last week.  Ten years ago.  Seems like yesterday. Seems like another lifetime.

 

Brother, can you spare a dime?

(2008 version)

 

Used to be a builder, did just fine

Financed those houses, with subprime

Now foreclosures looming all the time

Make my coffin cheaply out of pine

Brother, can you spare a dime?

Zombie bank won’t lend to anyone

Credenza repossessed just for fun

Paulson, Goldman, Lehman, sons of a gun

Geithner and Bernake only bailout some

China call your mark, and then we’re done

Brother, can you spare a dime?

TARP and mortgage crisis now

Watching old Wachovia tank the Dow

Credit for none; I’ll trade my cow

Credit default swap anyhow

Brother, can you spare a dime?

 

 

 

 

 

 

 

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