OT :American Tie

A weekend poem on this week’s sub prime crisis.With Due apologies to the song American Pie by Don Mclean.

 

Bye Bye Mr American Tie,

Drove your balance sheet to the ground ,while aiming high

And good old boys were taking risky bets, why

Saying this will be the day I will fly

This will be the day I fly

It happened in a land far away,

Wall Street suits and ties went to play,

With exotic mortgages and collateral held sway.

 

The jesters they were, they passed securities

Bought and Sold ,each one in piece.

There was nobody to stop the band,

 

And music played ,and the players danced.

Collected fat bonuses and spent it at once.

Stock options had so much romance……….

 

Till I got the news the day the music died.

I started singing –

Bye Bye Wall Street Tie,

Drove your balance sheet to the ground ,while aiming high

And good old boys were taking risky bets, why

Saying this will be the day I will fly

This will be the day I fly

My hands were clenched in fists of rage,

Bad news from front to last page,

I was going to lose my mortgage,

My Stypid Indian bank had invested in that lucrative phase,

Now it kicked up my mortgage rate…….

 

And no one could tell me why.

The day the music died.The day the music ………DIED

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