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Blog Archive

Sunday, December 9

Do You Want Me, Do You give me Money?- Jewel




Feeling the crash, coming on, don't know what to do;
If you bail out the mortgages, bailout the banks, we are screwed;
The only thing is to freeze the mortgages and the bubble;
The MBS is broken, don't worry 'bout the trouble;

Do you want me?
Will you give me money?
The banks are standing still;
Waiting to be bailed out;
But you can't bail them out;
From a pyramid of debt;
You can't bail them out;
From the SIV Aids virus;
Will the craaash, make me homeless?

Treasury Secretary Henry Paulson's proposal will not work to solve the Mortgage Bubble crisis and will actually only make things worse. It is only designed to help a maximum of 12-percent of the entrapped homeowners anyway. It doesn't address the endless drain on the financial system to pay the pyramid of debt from the Mortgage Backed Securities, the CDO (Collateralized Debt Obligations) and all that. And the SIVs were created in the first place to put speculative debt in a place where the banks owned them, they were totally off the books. (SIV stands for Structured Investment Vehicles, now renamed Structured Immune Virus, or Financial HIV). We need the Homeowner and Bank Protection act.

pix at http://www.musicnotes.com/images/features/artists/jewel/jewel.jpg

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