The Bailout

The stock market is tanking,
sub-prime mortgages impacted on banking,
CEO’s with golden parachutes deserve a spanking,
our mismanaged economy have lowered out
international ranking.

A deregulated industry with risky loans,
borrowers defaulting on their mortgages
and loosing their homes,
a panic on Wall Street trumpeted on the
broker’s phones,
we’re in a recession and no safety zones.

The economic tsunami takes down Countrywide,
without a trace,
Bear Stern’s fails and is sold to JP Morgan Chase,
The feds assume Fannie Mae and Freddie Mac,
5.4 trillion dollar mortgage debt, keeping up the pace,
with the Dow down each day, as if stunned by mace.
AIG the world’s largest insurance company get an
85 billion dollar line of credit, from Uncle Sam,
now it’s 150 billion and the US is in a jam,
former homeowners asking for help, and the Feds
say scram, with no dwelling are they forced to eat spam.

More talk of layoffs, and bankrupt American auto
makers, isn’t that neat,
our reps want to bail them out as the execs entreat,
so they can be put back in the driver’s seat,
and get the United Auto Workers on board, while the
Democrats will put on the heat.
The Treasury Secretary Henry Paulson with a
700 billion dollar bailout that went awry,
and the Federal Reserve bank Chair Ben Bernake
is so clueless I could cry,
is a depression on the horizon, and no one knows why?
Can President Obama charter a new course for our
economy, and maybe let those companies die?

by: Alan Braverman