CREDIT CRUNCH CHRISTMAS by Micky P Kerr
It’s the credit crunch Christmas, we’ll all do our best
Poor old Santa Claus, he’s not impressed
They took all his reindeer, his sleigh’s repossessed
A sarcastic thanks to the banks for this mess
Merry Christmas. Ho, ho, ho.
Get your pockets hemmed in, there’s no more lendin’
The time for excess spending is ending
Pick up a needle and thread, start mending
the holes in your clothes, a recession is pending
Price collapse, the markets relapse
Turn off your lights and turn off your taps
Turn off your PCs, turn off your Macs
Stop buying chickens and start catching rats
My house is freezing, turned off the heating
The Footsie 100 is constantly grieving
The future’s not bright, the purse strings are tight
The elderly’s plight is the cold snap at night
They’re living in fuel poverty, gas company profits do bother me
It’s daylight robbery
It’s the credit crunch Christmas, we’ll all do our best
Poor old Santa Claus, he’s not impressed
They took all his reindeer, his sleigh’s repossessed
A sarcastic thanks to the banks for this mess
Boom follows bust and bust follows boom
Go tell that to the punters who booked flights with Zoom
So wrap up in blankets and stay in your room
This is globalisation – I’m off to the moon
And you can’t trust the banks when they don’t trust each other
Look at Morgan Stanley, look at Lehman Brothers
Look at Northern Rock, it’s a northern wreck
And every gambling City banker lost his bet
And every house built is a house built on debt
Yet the mortgage repayments are not being met
And the summers we get are cold, windy and wet
Sad weary faces depressed and upset
But everybody, let’s not forget it’s supposed to be Christmas time
It’s the credit crunch Christmas, we’ll all do our best
Poor old Santa Claus, he’s been depressed
They took all his sacks and his sleigh’s repossessed
A sarcastic thanks to the Yanks for this mess
Alan Greenspan, he’s your man
The man from which the credit crunch began
And now he’s retired with a millionaire’s tan
And a golden handshake from the markets he scammed
They’ll rise again soon and when lessons are forgotten
They’ll crash from those dizzy heights back to the bottom
So let’s think of a time before financial fragility
Before the hoarding of liquidity, before negative equity
A time when Chomps were 10p
It’s the credit crunch Christmas, we’ll all do our best
Poor old Santa Claus, he’s not impressed
They took all his sacks and his sleigh’s repossessed
A sarcastic thanks to the banks for this mess
The credit crunch Christmas, we’ll all do our best
We’re sharing a tin of SPAM for Christmas dinner
Happy Xmas
Transcribed by Jeffrey Hill, Ecole de Management de Normandie, Le Havre, France