The economic bubble in the housing market can't be blamed on one group alone. Most American's got greedy starting with the banks, wallstreet, underwriters, and even down to "Joe the Plumber".
Housing prices peaked in early 2006, started to decline in 2006 and 2007, and may not yet have hit bottom as of now even. On December 30, 2008 the Case-Shiller home price index reported its largest price drop in its history. Increased foreclosure rates in 2006--2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets.[2] In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble "the most significant risk to our economy."
-Music arranged and performed by the "Domenator"
for music services please email dominator at me.com
LYRICS:
Some of those up in this nation, caused the housing deflation.
Some of those up in this nation, caused the housing deflation.
Some of those up in this nation, caused the housing deflation.
Some of those up in this nation, caused the housing deflation.
Huuuuuuu!
Buying in the name of
Buying in the name of
You got a sub-prime mortgage
You got a sub-prime mortgage
You just bought when they told ya
You just bought when they told ya
You got a sub-prime mortgage
You got a sub-prime mortgage
You just bought when they told ya
You just bought when they told ya
You got a sub-prime mortgage
You got a sub-prime mortgage
You just bought when they told ya
You just bought when they told yaaaaaaaaaa
Fannie mae and freddy mack, they're holding you down while they're fucking your crack.
You're sportin a frown, upside down, and the banks got your money they're jumpin' around.
Franklin Raines he cooked the books, took his gains and got off the hook.
Underwriters didn't look, from lenders to Wall Street they're all fucking crooks.
Some of those up in this nation, caused the housing deflation.
Some of those up in this nation, caused the housing deflation.
Some of those up in this nation, caused the housing deflation.
Some of those up in this nation, caused the housing deflation.
Huuuuu!
Buying in the name of
Buying in the name of
You try to keep your composure
But youre under foreclosure
and you wait for your bailout,
but you cant get your mail out (repeat 3x)
Now you're under control.....
Countrywide n's Wallstreet guys, ain't only to blame you're part of the pie.
You couldn't buy, no money supply, how did you think you could even apply?
no money down, adjustable rates, how can you sit there and not carry weight.
dont just hate, those bank rates, you're also part of this great debate.
You're schmucks, too, and you all just smell o' greed. (repeat)
Yes! de la Rocha would be proud.
peshekee1 5 months ago 5
Right on the money. Nice job!
robibm2003 7 months ago 3