"The Subprime Blues"

Lyrics:

A couple years ago I went to buy a home

I called up on an ad on the telephone

The Realtor told me now is the right time to buy

She said “Owning a home is American as apple pie”

                                             

The place, I saw, too good to be true

On the west side of town it even had a view

Somethin should have told me that I was a fool

I didn’t know about the Subprime Blues

 

The broker said to make an offer on the spot

She said “Do you have money”, I said “I do not”

She said “That don’t matter, I know who you should call

Countrywide’s number’s right here on here on the wall”

 

I rushed to their office right on time

The mortgage broker told me he was, on my side

He said “I solve your problem buddy don’t you wait”

I git you a loan with an adjustable rate

 

How can these payments be so low

The balance rises every month on what I owe

Needed some furniture, a new TV

No problem borrow more with Home Equity

 

I can’t make my payments anymore

They sold my damn loan into a CDO

There’s no one to talk to on the other side

This whole dang thing is hurtin my pride

 

I gotta get away……….. from here,

I’m going downtown to drown myself in beer

 

I wake up in the morning all I feel is fear

The foreclosure date is getting near

I borrowed more money than I could pay

The Subprime Blues have come my way

 

The loan, I took, it was cursed

The Real Estate bubble, now it has burst

I’m in, the school, of hard knocks

I’m gonna end up in a cardboard box

 

©2007