Former Loan Officer Turns to Rap: ‘Greed Is Good’
By Jessica Pressler / / http://nymag.com/daily/intelligencer/2011/05/theo_pappadopolous_like_the_gr.html
Leeman Brothaz, who identify themselves on Twitter as
"a group of Wall Street bankers that rap about financial issues," but
are in reality a pair of 29-year-olds named Theo Pappadopolous and Matt
Sausmer, have released what is perhaps the first rap single to ever drop the
term "quantitative easing." Called "Greed Is Good," the
song provides an overview of the financial crisis from the point of view of
Wall Street lenders who blame "corporate drones" who took bad
"NegArm loans" for the crash. "You say Wall Street's greedy,
that ain't right/Greed's not the problem it's your lack of foresight,"
goes one verse, which continues:
We bankers ain't liars/Wall street was lending for you fat
consumer buyers/A subprime mortgage meant a no-doubt loan/We helped Main street
buy some sick-ass homes.
The project was the brainchild of Pappadopolous, a former
loan officer at Bridgepoint Mortgage and one-time personal banker at JP Morgan
Chase. "I had thoughts from dealing with consumers for a long period of
time, and I just put my thoughts to it and it came out in a song,"
Pappadopolous, who is currently unemployed and living in New Jersey, told us
this morning. "While a lot of people simply point fingers at Wall Street,
the institutions, I took my perspective and said, 'Hey you took the loans, you
defaulted, it's your fault too.'" But while his chorus is inspired by the
famous line uttered by Gordon Gekko in Wall Street and the video features the
duo holding cigars, stealing money from a homeless person and molesting what
appears to be hundred dollar bills in various ways, Pappadopolous points out he
is not an "extremist" like Gekko, and offers a looser interpretation
of the word. "There is a difference between greed and greedy," he
says. "We're talking about Greed for success, greed for knowledge, greed
for love."
Leeman Brothaz – Greed Is Good Lyrics
Real Estate was boomiAnnotateng
Homes were on the rise,
Artificial rates
Greenspan's old ties
Historic low rates
There were many homebuyers,
Consumers, banks and traders
All became liars
But that's not true
We bankers ain't liars,
Wall Street was lending
For you fat consumer buyers!
A sub-prime mortgage
Meant a no-doc loan,
We helped main street
Buy some sick-ass homes
You say Wall Street's greedy?
That ain't right,
Greed's not the problem
It's your lack of foresight
You corporate drones
Took these Neg-Am loans,
Defaulting as a payer
Now we crashed from market failure!
Greed Is Good
People act how they should
Greed Is Good
Its where Gordon Gekko stood
Greed Is Good
Its all about the paper
And this is why we use
The middle class labor!
Wall Street made the cash
Main Street took the loans,
Two very different minds
Nearly crashed the dow jones
Mortgage-backed securities
Credit Default Swap,
These derivatives
Were brought by wealthy wasps
First it was Bear
Then it was Lehman,
JP got WAMU while
Other banks were screamin'!
Monetary Policy
Ran by Ben Bernanke,
Blows financial system
Like his pocket hankie
Deflation, Stagnation
Hyper-Inflation,
Quantitative easing
Still no stimulation
Too big to fail
Meant a government bail,
Socialistic policy
Is the latest tale
Greed Is Good
People act how they should
Greed Is Good
Its where Gordon Gekko stood
Greed Is Good
Its all about the paper
And this is why we use
The middle class labor!
The hell with Fannie Mae
The hell with Freddie Mac,
They're a part of HUD
And now it's out of wack
Why pay your mortgage?
It makes no sense,
Obama will forgive you
With the tax payer cents
Recession, Depression
Little motivation,
Unemployment needed
For a modification
It's called moral hazard
Thanks to Chief Obama,
Stop the regulation
Just catch that b**** Osama!
Sem comentários:
Enviar um comentário