or was it an ISIS Drone? ...No! it's The Ballad of Fannie & Freddie spaking Three Chords & the Truth:
Fannie and Freddie bought mortgages, lawdy how they bought loans Sold ‘em in the Second Market, for eighty years helped folks buy homes Til’ Greedy Wall Street Bankers cooked up no doc loans.
The Housing Bubble got bigger, no one seemed to care Til’ a crisis of liquidity took out Lehman AIG & Bear Our Crooked Government pretended nothin’ to see…[nothin’].
Hank Paulson toted his bazooka, tipped Wall Street at Eton Park Told Banksters Treasury’s plans, Board heads will hit the floor Short ‘em to their graves, do the GSEs wrong, so wrong.
Fannie & Freddie were kidnapped, quarterly how they pay Treasury conspired, took ‘em over, that’s how they are today! Hank Paulson, hit man, did the GSEs wrong, so wrong.
FHFA shoved Fan & Fred O-T-C, cheaper than a bottle of beer; Treasury pulled the Third Amendment, swept them Profits clear. Hit man DeMarco does Shareholders wrong, so wrong.
Paulson told us stories, DeMarco was telling us lies Now Mel Watt the hit man don’t lose sleep at night Over shareholder plight, doin’ the Bill of Rights wrong, so wrong.
Congress is lazy and inept by even their low standards Huff n puff, act real tough, not leading as they pander To ignorant bought Media while shortin’ shares, so wrong.
Fannie and Freddie been muzzled, this ain’t no big surprise Paulson, DeMarco, now Mel Watt screw Taxpayers with their lies, Do the Constitution wrong, so wrong.
Our GSE story ain’t over, this ain’t the end of our song Two dozen State n’ Federal lawsuits say our Government broke the law [Sotto Voce] Soviet Style…did America wrong, so wrong!