The Day The Loan Died

From Jane Wells’ blog, sung to the tune of American Pie:
Long, long time ago… I can still remember
How that yield spread made me smile.
And I knew if I had my chance
Those mofos I could finance
And I could pay my bills for a while.
But February made me shiver
With every good faith I’d deliver.
Bad news on my e-mail;
I just lost one more deal.
I can’t remember if I cried
When I saw the Fremont slide
But something touched me deep inside
The day the Subprime died.
So bye-bye, BC money supply.
Sent my package to four lenders
But they all asked me why.
And good old boys were on a crack induced high Singin’, “This’ll be the
day the loans die, This’ll be the day the loans die.”

Posted by on August 28th, 2007 at 9:45 am


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