Freddie Mac (FMCC)

[Letgoofmyfannie]

GSE Hotel California

On a dank DC morning, Board heads hit the floor
Hanky Panky told Dubya they couldn’t take no more
Up ahead in the future, investors saw a glittering sight
Deferred Tax Assets would save them
Billions restored overnight

Tim Geithner stood at the press conference;
He knew his mission well
Shareholders were thinking to themselves
'This could be Hell..or worse than Hell'
Then Tim made a 3rd Amendment, swept all profits away
There were voices in the Capitol,
CNN heard them say

GSE’s are in Hotel California
Stuck with a Net Worth Sweep (Net Worth Sweep)
Treasury wants to keep…
Plenty of Profits in GSE Hotel California
Four times a year (four times a year) they sweep it there

Her bottom line is Triple A-rated, she got the MBS bonds
She got a lot of bought CONgressmen, told to hate on
How they preen at their Hearings, all the while they bull shit
Some can’t even remember, some can’t seem to forget

So I called out Bobby Corker,
'Please knock off your whine’
He said, ‘we’ve been shorting their stock since its price was sixty-nine'
And think tank voices are shouting from the Beltway,
Twitter bombing in the middle of the night
Where you can hear them say

GSE’s are in Hotel California
Stuck with a Net Worth Sweep (a Net Worth Sweep)
Treasury wants to keep…
Plenty of Profits at GSE Hotel California
Four times a year (four times a year) they sweep it there

Treasury is Self Dealing,
They got FHFA on ice
Congress said, ‘we’re all just observers here, on our counsels’ advice'
In the judicial chambers,
They overturn all appeals
Then blame it on precedent,
Allowing Treasury to steal

Ever since last November, investors
Running for the doors
They have to find a safe investment back to the net worth they had before
'Relax' said Steve The Nooch,
'We are authorized to Net Worth Sweep
You can complain all you like,
But profits you’ll never keep!’

GSE’s are in Hotel California
Stuck with a Net Worth Sweep (a Net Worth Sweep)
Treasury wants to keep…
Plenty of Profits at GSE Hotel California
Four times a year (four times a year) they sweep it there

Plenty of gloom at GSE Hotel California
Such a Bigly fraud (Bigly fraud)
Let’s rob the underdogs
Plenty of gloom at GSE Hotel California
Any quarter of the year (quarter of the year)
Treasury sweeps it there…