Loudon Wainwright III
Loudon Wainwright III - The Capitalism Blues lyrics
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I got the capitalism blues 'Cause we're capitalistic fools And we're lucky if it stops at a recession I got the capitalism blues 'Cause our capitalistic tools Are leading the world to a depression Let's make some giant loans That are too big for the homes And more than the buyer can afford We'll give a real low rate Right out of the gate Knowing that next year the rate will soar Then we'll get a Wall Street ghoul To put it all into a pool And "securitize" it into senior bonds And shop at all the doors Of all the rating stores And pick the ratings of which we're most fond And we'll get our triple A Even though the bonds won't pay But we'll sell them here and sell more across the pond I got the capitalism blues 'Cause we're capitalistic fools And we're lucky if it stops at a recession I got the capitalism blues 'Cause our capitalistic tools Are leading the world to a depression When the mortgage loans default While the short funds all exalt The longs all make a very different sound Because they bought with leverage And when the prices start to hemorrhage The walls around them all start falling down And as collateral prices fall They all get a margin call And have to dump their bonds at the same time Because everybody's got 'em And no one sees a bottom Buyers are impossible to find [Chorus] Lending disappears Due to balance sheet fears And the Fed and Paulson don't know what to do They even make worse 'Cause even with their giant purse It's clear that they haven't got a clue Our stocks and bonds all plummet A long way from their summit Leaving us with nothing left to spend And as companies don't survive We watch unemployment rise And we still don't know when it all will end [Chorus]