John found this at Zero Hedge
LITTLE SUBPRIME HOUSES
(Little Pink Houses, John Cougar Mellencamp)
WilliamBanzai7
Theres a black man with a black cat
Living in a subprime neighbourhood
He's got an interstate runnin through his front yard
You know, he thinks, negative equity's good
And theres a woman in the kitchen cleanin up the evening slop
And he looks at her and says: hey darling,
I think this interest rate's over the top!
Chorus: Oh but aint that America for you and me
Aint that America were somethin to see baby
Aint that America, home of the subprime disease
Little subprime pink houses for you and me
Well theres a young man in a t-shirt
Listening to Greenspan shoot the Fed speak breeze
He's got a greasy hair, greasy smile
He says: lord, Lehman must be my destination
Cuz they told me, when I was younger
Boy, youre gonna work in a wall street bank
But just like CDOs, those crazy old dreams
Just kinda came and went
Chorus: Oh but aint that America for you and me
Aint that America were something to see baby
Aint that america, home of the fraudclosure disease
Little subprime pink houses for you and me
Well theres bankstas and more brokers
What do they know know know
Go to work in some big glass high rise
And vacation out at the Hamptons, oh no!
Ohhh yeah
And theres winners, and theres losers
But they aint no big deal cuz the simple man baby pays for the thrills,
The bills and the banksta bailout pills that kill
Chorus: Oh but aint that America for you and me
Aint that America were somethin to see baby
Aint that America, home of bailouts and ponzi dreams
Little subprime pink houses for you and me
Oh but aint that America for you and me
Aint that America were somethin to see baby
Aint that America, home of bankstas and greed
Little subprime pink houses for you and me...
~~~��~~~
Went to change the clock Sunday morning back to Standard Time and hit the wrong button by mistake. The radio switched to a Black preacher's call-in program and a woman was saying...
....they keep talking about deficit this and deficit that and getting all worried about the wrong stuff. Let me tell you I already know about deficit. I been living with it All. My. Life. Me and my family have been in deficit so long I can't remember but the Lord always provided. God will show the way out. I'm not worried about any deficit. We got more important stuff to worry about...
I heard enough to let me know where she was going, returned to classical music and finished setting the clock. But ever since then her words have rung in my memory. She speaks for many at the bottom from whom dreams of upward mobility, home ownership and the lifestyles they watch on television are just that: dreams. And Steve's point in a previous comment about limited upward mobility is one of the tragic realities of the Reagan Revolution.
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