Inspired by seeing The Big Short, here is a repost of a Newsverse from 2009:
It is an ancient stockbroker
He’s drinking Coke and Jacks.
“Hey, I know you,” the banker said.
“You worked at Goldman Sachs.
.
“You swung a big one, so I heard
Way back in the day.
But here I came to watch the game
And now you’re in my way.”
.
The stockbroker held up a hand
And ordered J&B
He fixed the banker with a stare
“There was a bond,” quoth he.
.
“Something called a CDO
A total sack of doody
But anyway, a Triple-A
From S&P and Moody.”
.
“I fear you, ancient stockbroker!
I fear you’ll get me fired!
You’re in the tank with Barney Frank.
I think you might be wired.”
.
“We flogged it up and down the Street
And lots of other places
And no one thought that what they’d bought
Might blow up in their faces.”
.
“Chill out, ancient stockbroker!
Get up off the floor!
Why look’st thou so?” “That CDO—
I sold to my brother-in-law!
.
“And when the housing boom went bust
I had nowhere to hide.
Instead of a bow, the CDO
Around my neck was tied.
.
“Houses, houses everywhere
And the market sure did stink
Houses, houses everywhere
I had to see a shrink.
.
“And now I go from bar to bar
From Greenwich to Penn Station
And I try to steer, for the price of a beer
Young bankers from temptation.”
.
The banker stared into his glass
“I hope you get some takers,”
He slowly said, then shook his head.
“Now, let me watch the Lakers.”