Tuesday, December 7, 2010

everybody knows the gfc

$€£ everybody knows the gfc £€$

Everybody knows the dice are loaded
Everybody knows the mortgagees lied
The rates were always set to spiral
Bond-holders were always going to fry
Keep on playing pass the parcel
Built on a web of rating lies
Bonuses will be taken
Cut of prime steak covered in flies

The buzz everyone was hearing
From Wall Street to the Fed Reserve
Everyone knows the deals were sticky
Black tar upon your hands
Even as you fail a bank or two
No ones knows what those instruments do
A day of reckoning is coming

The ninjas got no income
No jobs and no assets Nothing down everything borrowed
What's a broker meant to do
Got payments due on the Mercedes
Want the condo with the beachfront view
Everybody knows the loans are rotten
Old black joe's still picking cotton

That's how it goes
Everybody knows...

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