Tuesday, October 20, 2009

Super-complex col-lat-er-al-ized debt obligations ! !

From William N. Grigg, at the Pro Libertate blog, sung to the tune of "Supercalifragilisticexpialidocious" from Mary Poppins:
"Because the local sports mogul who owns the football team
Demanded a new stadium, or else he'd up and leave
We formed a sports authority to collect subsidies,
And now the bursting debt bubble has brought us to our knees"

And now the suf-fring middle class confronts annihilation --
Super-complex col-lat-er-al-ized debt obligations!

Hum-diddle-liddle-liddle, hum-diddle-LIE,
Hum-diddle-liddle-liddle, hum-diddle-FRAUD....

Now, everybody sing along ! ! !

I don't know if this is as good as my own "Teleprompter Jesus" ditty, but I like it.
William Grigg. The Pro Libertate blog. Yet another great libertarian website for your daily reads.


TarrantLibertyGuy said...

When I was just a college boy in 1985.
My economics professor taught me a bunch of jive.

He said they're spreading out the risks by making one big bond.
But turns out they were making a financial atom bomb!

TarrantLibertyGuy said...

My classmates all got trading jobs at Merrill and Bear Stearns.

They fiddled and they played their harps while all of Wall Street burns.

While we were drinking and laughing and hanging out at Pops.

They all financed they Ferraris with Credit Default Swaps.

Oh, hum diddle diddle diddle hum diddle LIE.

(sorry, you always open up a can of worms with these 'weird Al' posts)

Anonymous said...

Something I read recently that sums it up:

Privitizing the porfits

Socializing the losses

B Woodman

The Whited Sepulchre said...

We started up a little war by looking for Osama,
It was a disaster, so we voted in Obama,
Now we need someone to save us from this endless drama,
Because our foreign policy is run by Chelsea's Mama !

Hum diddle liddle diddle hum diddle LIE ! ! etc etc etc....