pacing very terrible

Let them lend their own money, they might be more careful.

I hope this song really is sincere and based on your personal experience. I really do.

They say write about what you know about. You clearly don't know anything about the mortgage business, or you'd know that FNMA does NOT make mortgage loans at all. They only buy them and resell them, typically in bulk packages, to the ultimate holder, often a bank, life insurance company, or pension fund.

If you didn't make the payments, why are you mad at the lender for wanting the contract you signed to be honored -- or to auction the collateral to get back what they lent you? And why did you borrow money you couldn't afford to repay?

OS is sung with a Cockney accent that puts three syllables in "Henery", hence the title and title lines are all off. Repeating the same verse three times merely because OS does is even lazier than repeating choruses, which sometimes might be OK if changed even a little.

Further proof positive that the Left has absolutely no knowledge of actual economics and how it works, yet they presume to prescribe to the rest of us. 211

Mikey honey, ya know I luv ya, but sorry, this one just didn't do it. You are a MUCH better writer than this parody gives you credit for. Cute idea, but not well-written. Hoping your next effort will be back on par. :)

I'll give ya points for 'Second house, also closed, you louse!' :c)

This parody reaches the right conclusion – hating Fannie Mae – for the wrong reasons. FNMA is a government-sponsored corporation that purchases mortgage loans from banks that originate the loans. Whatever involvement FNMA has in foreclosures is done for the benefit of taxpayers (and its shareholders). But FNMA has not been well managed and it was further handicapped by subprime mortgage loans, which emerged largely as a result of the Community Reinvestment Act. In order to protect both the taxpayer and the economy, Fannie Mae (and Freddie Mac) should be abolished, along with other policies that transfer the risk of mortgage default from the lender to the taxpayer.

Turtle, if "the left" -- which doesn't even really exist in this country, I'm presuming you mean liberals in your massive ignorant way that having an MBA does not change -- doesn't have any knowledge of actual economics, how come conservatives Ronald Reagan and George H.W. Bush gave us record deficits, liberal Bill Clinton turned it into record surplus, conservative George W. Bush turned THAT into record deficits and an economy on the brink of depression, and liberal Barack Obama turned it into job growth? You right-wingers don't have a damn clue. You can shove that MBA where the sun don't shine, because, clearly, you haven't learned a thing.

the demoncrats required lenders to create "bum friendly" programs with the promise that the government will back them should they fail. the liberals did not back them but odumba is good at bailing out his contributors with the odumbulous money we all owe. thanks liberals. as for bush giving us record deficits, as you've read before, the demoncrats controled budgets and spending since 2007 up to today, odumba approved of it and so did the rest of the demoncrats, so quit lying and man up and credit the spending to your demoncrat boys. bush spent half of what odumba pissed away and bush had 8 years, odumba 4. clinton fought the republicans 3 times until he gave in and signed welfare reform. again, it's congress that sets the spending, it wasnt bush from 2007 on and it wasnt clinton once the republicans took over congress. more lies from the left but we're here to expose them. just look up who dominated congress from 2007 forward and there's your spenders. simple.

Pacholek, look up the "Community Reinvestment Act" that my fellow MBA, John Jenkins, cited. Bill Clinton (and Jimmy Carter) *forced* banks to make loans to unqualified buyers, causing the boom/bust that became a general recession. Full story here:

http://www.amiright.com/parody/misc/williamshakespearehamletlordpolonius0.shtml

Note that then-Rep. Barney Frank *opposed* a Bush-administration proposal to tighten oversight on Fannie Mae, and Senate Dems killed the bill. That's two facts you didn't know.

Ronald Reagan inherited from Jimmy Carter a stagnant economy, with double-digit inflation and high unemployment. Within two years under Reagan, inflation dropped from 13.5% to 3.2%, and a strong recovery began, as indicated by a stock market that climbed (with the usual blips here and there) for EIGHTEEN YEARS, from 1981 to 1999-2000 (note that the big rise ended before Bush took office; the stock market is a "leading indicator" of the economy, thus foreshadowing recession while Clinton still had another year in office.) That makes three facts you didn't know. Full story here; you need read only the footnotes 16-18 (and the associated verses, should you like):
  http://www.amiright.com/parody/70s/donmclean152.shtml

But you'll probably tell me to stuff my facts someplace, too, because liberals, left, whatever you want to call yourselves, never let facts stand in the way of their delusions.

Fourth fact that you really should know, as I've surely said this to you several times before: I am not a "right-winger". I have been a registered Libertarian since I was old enough to vote. I do not care for either wing, and said so, quite plainly, in this parody:
  http://www.amiright.com/parody/60s/julieandrews121.shtml
Check my song page; I posted four rips of the Bush administration on my very first day on this site.

btw, I see that you are an exemplar of that "Era of Civility" that Mr. Obama promised to bring us. Insults do not refute facts, Sir.

If you didn't make the payments, why are you mad at the lender for wanting the contract you signed to be honored -- or to auction the collateral to get back what they lent you?

And why did you borrow money you couldn't afford to repay?

(Before you even think of blaming the foreclosure mess on the recession, please note that it was the collapse of the housing bubble, which was created by the Community Reinvestment Act, that caused the foreclosure mess, which caused the recession. Home prices started falling late 2005-early 2006; general recession is regarded as starting in 2007.)

michael p has seen the truth many times in these comments from me and others about his liberals forcing lenders to make risky loans and like a cowardly liberal, he keeps shooting out lies to fool people. lies and cheating are their only qualities. we all know you are not stupid, but you are corrupt and a liar. why not just admit the truth that your people caused it? cause you are a liar with no integrity just like your "leaders" on the left. say bye bye odumba

@CG, it's absolutely essential for liberals that the blame for the September, 2008 meltdown of world financial markets be placed squarely on the shoulders of Republicans--"final judgment of the Reagan legacy, yadda yadda" I did a parody called "My Barney does the Franky Panky" which places some of the blame for all this on Frank's shoulders. Next thing you know, I was on the receiving end of a seven "1-bomb" blitz from Amiright's Leftwaffe. Seeing as how the tune also got 16 5X5's, I doubt it was because of severe pacing errors