The (Not-So-Great) Bailout of 2008

Gather round children, as I tell the tale, Of how all the banks started to fail. About how the government bailed out the rich, Rather than the poor, which would have been a switch. People were greedy, for something called cash, Brokers on Wall Street had plenty, so what they did seems rash. And so they started robbing regular people blind. That's how America (and the World) got into a bind. The banks began approving loans for homes, to anyone who might need. The value would go up, and you could re-mortgage indeed. People started spending what they never had. The way money was their religion was awfully sad. People would spend thousands of dollars, On luxury items and diamond rings, While poor children went without food, braces and things. The world was on a bubble about to break. Still banks pushed loans and investments with ratings that were fake. The economy crashed like a run away train. Regular people watched as their savings and retirement went down the drain. The president and congress fearing another crash, put together a bailout plan fast. They reasoned, if we don't fix the economy the whole ship will sink. "You don't understand," they claimed the world is on the brink. And so the government taught future generations, handing (the rich) a bone, That's it's okay to spend more than you own. By: Joseph DeMarco