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Tom Paxton:I'm Changing My Name To Fannie Mae Lyrics

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I'm Changing My Name to Fannie Mae

This song is by Tom Paxton.

Original video
Everybody and his uncle is in debt,
And the bankers and the brokers are upset.
Goldman Sachs’s, Merrill Lynch’s
Saw themselves as lead-pipe cinches,
Now they’ve landed in the biggest screw-up yet.
Lehman Brothers and Bear Stearns and all their kind
Have turned out to be the blind leading the blind.
They are clearly the nit-wittest
In survival of the fittest––
Let me modestly say what I have in mind

I am changing my name to Fannie Mae;
I am changing it to AIG.
On this bail-out I am betting;
Just a piece of what they’re getting,
Would be perfectly acceptable to me.
I am changing my name to Freddie Mac;
I am leaving for that great receiving line.
I’ll be waiting when they hand out
Seven hundred million grand out––
That’s when I’ll get mine.

Since the first amphibian crawled out of the slime,
We’ve been struggling in an unrelenting climb.
We were hardly up and walking
Before money started talking
And it said that failure was the only crime.
If you really screwed things up, then you were through;
Now––surprise!––there is a different point of view.
All that crazy rooty-tootin’
And that golden parachutin’
Means that someone’s making millions––just not you!

I am changing my name to Fannie Mae;
I am changing it to AIG.
On this bail-out I am betting;
Just a piece of what they’re getting,
Would be perfectly acceptable to me.
I am changing my name to Freddie Mac;
I am leaving for that great receiving line.
I’ll be waiting when they hand out
Seven hundred million grand out––
That’s when I’ll get mine.

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