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Funny Money Friday: Suprime Song

Posted on 09/28/2007 17:49 PM | Link | Post Comment

Money doesn&39;t have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

Still feeling bad about the credit crunch? You&39;re not alone. The Fed rate cut last week has made things a little more stable but investors seem to be waiting to see if they&39;re willing to go even lower with their next announcement in October before making a move.

One economic consultant has gone so far to compose a song about the current woes. With no further ado, here&39;s his lyrics set to John Lennon&39;s Imagine:

Imagine There&39;s No Subprime

Imagine there&39;s no subprime,
It isn&39;t hard to do.
No Alt-A either, all documentation true.
Imagine all the people, living affordably.

Imagine there&39;s no Countrywide,
It isn&39;t hard to do.
No Angelo Mozilo, no rating agencies, too.
Imagine all the people, living life in peace.

You may say I&39;m a dreamer,
But I&39;m not like Option One.
New Century is now an old one,
And Ameriquest is done.

Imagine no repossessions,
I wonder if you can.
No rates to reset, repayment penalties banned.
Imagine all the people, sleeping well at night.

You may say I&39;m a dreamer,
Or that I&39;ve just got an Itch.
But Moody&39;s and S.& P. look pretty bad,
Except compared to Fitch."

Authored by Thomas Lawler of Lawler Economic and Housing Consultants. Have a great weekend!

Emily DavidsonCredit.com&39;s Communication Director and former TransUnion credit expert. Emily writes about credit reports, credit cards, loans and personal finance as the CreditBloggers.com moderator.

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