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The Subprime Blues with improved sound

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This is a story about my family - we made a couple of mistakes. Click on the blue link "more" to see the lyricsAn original performance by Billybob and Luanne Stewart with improved audio quality and a shortened introduction.visit the billybob blog @ http://www.thesubprimeblues.co... http://www.myspace.com/billybo... The Subprime Blues ©2007A couple years ago I went to buy a homeI called up on an ad on the telephoneThe Realtor told me now is the right time to buyShe said "Owning a home is American as apple pie"The place, I saw, too good to be trueOn the west side of town it even had a viewSomething should have told me that I was a fool I didn't know about the Subprime BluesThe broker said to make an offer on the spotShe said "Do you have money", I said "I do not"She said "That don't matter, I know who you should callCountrywide's number's right here on here on the wall"I rushed to their office right on timeThe mortgage broker told me he was, on my sideHe said "I solve your problem buddy don't you wait"I git you a loan with an adjustable rateHow can these payments be so lowThe balance rises every month on what I oweNeeded some furniture, a new TVNo problem borrow more with Home EquityI can't make my payments anymoreThey sold my damn loan into a CDOThere's no one to talk to on the other sideThis whole dang thing is hurtin my prideI gotta get away, away, away, away from here,I'm going downtown to drown myself in beerI wake up in the morning all I feel is fearThe foreclosure date is getting nearI borrowed more money than I could payThe Subprime Blues have come my wayThe loan, I took, it was cursedThe Real Estate bubble, now it has burstI'm in, the school, of hard knocksI'm gonna end up in a cardboard box

Channel: News & Politics
Uploaded: December 3, 2007 at 12:51 am
Author: billybobstewart

Length: 04:28
Rating: 4.73
Views: 1833

Tags: Blues  CDO  Comedy  Ecomomy  Foreclosure  Mortgage  Politics  Subprime  

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Video Comments

05clyde (August 26, 2008 at 4:43 pm)
It does seem like the rich are getting richer. Obama seems to be intent though on changing that at I bet that he follows Warren Buffets' advice to dramatically increase the estate tax. House prices and wages generally rise in unison over time so I guess your house is going to be worth a lot less soon or wages are going to go up.
arpolwest1 (August 23, 2008 at 9:12 pm)
Hi! 30 years ago I Bought my second House in Perth for $30,000 now is $600,000 in that period wages has trebled but housing is 20 times more dear! What is pumping prices up? The mining boom that benefits only a few and the Gov! The mighty shareholders even many times they pay none or little taxes with with tax Havens in the Bahamas so they are Multinacional "FACELESS FINANCIAL ENTITIES" It is Utopia for the PLUTOCRACY inheritors of Monarchy and aristocracy!
05clyde (August 23, 2008 at 6:00 pm)
Do they give out subprime loans in Australia too? The US will be spending billions to bail out the institutions that caused this. What an injustice. Poor Billybob - his myspace page says that he is also a shale miner.
arpolwest1 (August 21, 2008 at 10:21 am)
Is happening here in Australia as well! A nice USA export! The plutocracy here is in the MINING BOOM BIG MONEY for shareholders and the Gov. but for the young people worse and worse! And I heard the banks will be backed by the Gov.! More taxes for the poor! A third more SOCIALIST PARTY should start forming on every Country! Nothing to do with Communism but common sense! If not the neck of "MARY ANTOINETTE" WILL; GO DOWN THE GUILLOTINE SOME TIME SOON!
blinkenlights4ever (April 14, 2008 at 9:04 pm)
Nice one :-)
05clyde (March 23, 2008 at 2:02 pm)
Definitely worth watching. Sad, but really funny. These two explain what it is really like from the homeowners' perspective to borrow money that they cannot afford to repay. People like this all over America are losing their homes and all anyone cares about is saving the banks. Billybob is the quintessinal little guy that no one bothers to care about.
perlprop (December 12, 2007 at 3:39 pm)
Keep rocking, Billybob!
tarlo2007 (December 11, 2007 at 11:57 pm)
How can he afford a guitar? vg so long as they don't take that from him too
billybobstewart (December 10, 2007 at 10:25 pm)
Luanne is my little girl. All I had to do was pay her $10 per take - I told her she just bein greedy but I need her to make this song good.
cutieboo92 (December 9, 2007 at 3:42 am)
MAN BILLY BOBS DAUGHTER IS HOTTTTT ;-)
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