Bad Loans are Monetized

Didn't Bob Welch write a song about this this when he was with Fleetwood Mac? Wait a sec... Yes he did! From the archives, with music from YouTube:

It's the same kind of story
That seems to come down from long ago...
Nine banks making money together
While safety flies out their window
It must be out on that spread
Which is wide, at least half of a playing field
Because there's no explaining what your imagination
Can make you see and feel

Seems like a scheme
(we) got it monetized...

Seems like a dream
(we) got it monetized...

Now its not a meaningless question
To ask... where the money's gone
I remember a talk about imports from China
...and a strange, strange black swan...
You see the tail was fat-assed
And the risk was all hidden, in CDOs
And if anyone's hand ever made demands
Then for sure it would've blown.

Seems like a scheme
(we) got it monetized...

Seems like a dream
(we) got it monetized...

They say there's a place down in Mexico
Where debt can fly over brokers and shills
And it don't need a payback or some kind of value
And it never will.
Now you know its a meaningless question
To ask if those stories are right
'cause what matters most is the feeling you get...
When you're monetized.

Seems like a scheme
(we) got it monetized...

Seems like a dream
(we) got it monetized...

Stock Trader's Lament

Thinking about the stock market, I realized that Pat Benatar performed another song that's relevant. Written by Mike Chapman and Holly Knight, who were surely traders...

We are dumb, head-fake to heartache we planned
All promises, all demands
Stocks are a battlefield
We were long, no one could tell us; we're wrong
Searching our charts for so long, all the time knowing
Market's a battlefield

You're threatening to blow, you're makin' me pay
Why do you hurt me so bad?
It would help me to know
Is demand in your way, or is this the best thing you've had?
Believe me, believe me, I can't tell you why
But I'm trapped by my greed, and I'm chained to this ride

We are dumb, head-fake to heartache we planned
All promises, all demands
Stocks are a battlefield

We were long, no one could tell us; we're wrong
Searchin our charts for so long, all the time knowing
Market's a battlefield

We're losing control
Will you make my hair grey, or torch me till I'm fried?
And before this gets sold, will it still deal the blame?
Theres no way this will fly...
But if I get much poorer, I could lose control
And when I pay the lenders, I'll wish I had... Gold

We are dumb, headache to heartache we planned
All promises, all demands
Market's a battlefield

We were long, no one could tell us; we're wrong
Searching our charts for so long, all of us knowing
Market's a battlefield

We are dumb, headache to heartache we're canned
All promises, all demands
Stocks are a battlefield

We were long, no one could tell us; we're wrong
Searching our charts for so long, all of us knowing
Market's a battlefield

~~~
Music Video to sing along with...

Stockbrokers Say: It's a Buying Opportunity

Didn't Pat Benatar sign a song about this?

I thought so:

Never again, isn't that what you said?
You've been through this before
And you swore this time you'd think with your head
No one, would ever jack you again
And if takin' was gonna get done
You'd decide where and when
Just when you think you got it down
Your charts securely tried and sound
They whispered, Promises To The Marks

Armed and ready, you fought those battles to the heights
But too many opponents made you weary of the fight
Blinded by passion, you foolishly bet just to win
All the warnings went off in your head
Still you had to give in

Just when you think you got it down
Resistance nowhere to be found
They whispered, Promises To The Marks

But promises, you know what they're for
It sounds so convincing, but you heard it before
Cause talk is cheap and you gotta be sure
And so you put up your guard
And you try to be hard
But your chart says try again

You desperately search for a way to conquer the fear
No line of attack has been planned to fight back the tears
Where brave and restless dreams are both won and lost
On the edge is where it seems it's well worth the cost
Just when you think you got it down
Your chart decreases - under ground
They whispered, Promises To The -- Marks