Subprime Debt

In 2k1 the Fed did intervene

And low’r’d the int’rest rate to depths obscene.

To 1 percent did Greenspan set the banks

To fix us after all the dot-coms tanked.

At 1%, as you all doubtless know,}

Paying off a debt is a free throw,}

And mortg’ges can be had by all Joe Blows. }

The banks knew this; they opened up their vaults

And loaned their loans to borrowers with faults.