Tuesday, November 25, 2008

`Let The Big Banks Fail'

Let the Big Banks fail
And put the bankers in jail
It’s time to right the wrong
And not save those who committed fraud

Wall Street ripped off investors
And made billions from sub-prime loans
Yet when their housing boom turned to bust
To Washington, the bankers did go.
The big bankers they purchased
The Congress and the White House
So Democrats and Republicans
Are eager to bail them out.

They say they have no money to give welfare for the poor
Yet "Lehman-Goldman Sachs" get $700 billion more
They say they have no money to provide jobs and free health care
Yet AIG and Merrill Lynch are given Corporate Welfare.

(additional verses)
If a tenant can’t pay his rent
A landlord will evict
But if a Big Bank can’t pay its debt
Its government will give it cash.
If a worker can’t do her job
She’ll get fired for incompetence
But if a banker wrecks his bank
His government gives him a blank check.(

If a homeowner can’t pay his mortgage
He’ll lose his home and get foreclosed
But if Wall Street can’t pay off its creditors
It gets another big government loan.
If a store loses its customers
It will soon be forced to close
But if Big Banks steal from consumers
They’re given billions in loans.
(bridge) (chorus)

They’re all for a free market
When their profits are rolling in
But once they start losing money
The free market ain’t for them.
If you can’t pay your student debts
You’ll get harassed by their government
Yet when Wall Street banks owe people money
The government lets them off the hook.

So if you don’t think it’s democratic
For Wall Street’s government to rule over you
Then just take over CNN
With the help of your labor union.
The bankers’ names might be Pritzker
Or Rubin or J.P. Morgan
Yet they all don’t want regulation
So they can rip off the people again.

The "Let The Big Banks Fail" folk song was written in recent months.

To listen to "Let The Big Banks Fail" and other protest folk songs, you might want to check out the Columbia Songs for a Democratic Society music site link at:

http://www.myspace.com/bobafeldman68music )

and at