In keeping with the "Economic Sounds and Sights" theme of this blog, I'm sharing the following parody of a familiar ad, highlighting the Ponzi scheme created and maintained by Bernie Madoff. Enjoy!
"Parody of the Free Credit Report.com "Pirate" ad featuring Financial Supervillain Bernie Madoff. Sentenced to a lifetime of Restaurant servitude, perhaps he will pay off the money he owes a few bucks at a time. Written and produced at Flinch Studio for Mark Cuban's "Blog Maverick"
I visited Mark Cuban's blog and found that he has some interesting things to say about the Bernie Madoff scam:
Breaking Down Bernie Madoff
"Find the programmers who wrote the software and you will find out how the whole thing worked."
Breaking Down Bernie Madoff P2 & 3
"Curiosity got the best of me. So I started doing some searching on the electronic trading platform Bernie built. They called it Primex. Its an electronic auction system for securities. According to media reports, it was the “brainchild of Bernie and Peter Madoff"."
Showing posts with label economic songs. Show all posts
Showing posts with label economic songs. Show all posts
Wednesday, February 18, 2009
Saturday, January 17, 2009
Timeline of Songs about the Economic Crisis (some humorous), from Williambanzai7
I recently discovered Williambanzai7 when I came across his comment to an article on the Seeking Alpha financial information website, "Madoff Hedge Fund: Wall Street's Biggest Ponzi Scheme Yet? " Sean Maher, Seeking Alpha 12/14/08
Williambanzai7's comment consisted of the lyrics to a song about the Bernie Madoff scandal, set to the tune of Rudolf the Red Nosed Reindeer. It gave me a chuckle, even though it is well past the holiday season. (Williambanzai7 often posts his lyrics as comments in response to on-line articles and blog-posts related to the current economic crisis.)
I checked out his blog, and discovered that most of his posts are lyrics dedicated to the "Great American Subprime Disaster". A few posts relate to the politics of our times. The songs are in lyrical form only. As far as I know, there is no audio.
Here is a solution- KARAOKE. Gather some friends and belt out the tunes while singing Williambanzai7's lyrics! (Your economic woes will disappear, at least for a while.)
SOME OF MY FAVORITES
September 2008
SUBPRIME BAILOUT PROTEST SONG (One, Two, Three What Are We Fighting For? -Joe McDonald)
I AM THE WAMU ("I am the Walrus" -the Beatles)
"I am he as you are he as you are me and we are all together. See how they run like hedge fund bums from a gun, see how they fly. I'm crying."
STUCK IN A MORTGAGE WITH YOU (Stuck in the Middle- Stealer's Wheel)
October 2008
MONEY FOR NOTHING -Residential Mortgage Backed Securities (Money for Nothing - Dire Straits)
I like the following two songs, because you can sing AND dance to them:
LET'S DO THE SUBPRIME WARP AGAIN! (Let's Do the Time Warp - Rocky Horror Picture Show)
BAILOUT THRILLER RETURNS (Thriller- Michael Jackson)
November 2008
THE AIG BALANCE SHEETS (The Adams Family)
BABY CAN YOU BAIL OUR CARS (Baby You Can Drive My Car - the Beatles)
WHERE HAVE ALL THE BAILOUT BUCKS GONE? (Where Have All the Flowers Gone- Pete Seeger)
December 2008
MADOFF, THE WALL STREET FAKER (Rudolph, the Red-nosed Reindeer)
HEDGE FUNDS ROASTING ON AN OPEN FIRE (Chestnuts Roasting on an Open Fire)
THE TWELVE WALL STREET DAYS OF CHRISTMAS (The Twelve Days of Christmas)
January 2009
YOU'RE JOHN THAIN (You're so Vain - Carley Simon)
CITIGROUP BITES THE DUST (Another One Bites the Dust- Queen)
"Wall Street: The Musical", anyone?
(Think Mama Mia and Moulin Rouge.)
RELATED
Seeking Alpha
THE WILLIAMBANZAI7 BLOG: The Great American Subprime Disaster
Williambanzai7's comment consisted of the lyrics to a song about the Bernie Madoff scandal, set to the tune of Rudolf the Red Nosed Reindeer. It gave me a chuckle, even though it is well past the holiday season. (Williambanzai7 often posts his lyrics as comments in response to on-line articles and blog-posts related to the current economic crisis.)
I checked out his blog, and discovered that most of his posts are lyrics dedicated to the "Great American Subprime Disaster". A few posts relate to the politics of our times. The songs are in lyrical form only. As far as I know, there is no audio.
Here is a solution- KARAOKE. Gather some friends and belt out the tunes while singing Williambanzai7's lyrics! (Your economic woes will disappear, at least for a while.)
SOME OF MY FAVORITES
September 2008
SUBPRIME BAILOUT PROTEST SONG (One, Two, Three What Are We Fighting For? -Joe McDonald)
I AM THE WAMU ("I am the Walrus" -the Beatles)
"I am he as you are he as you are me and we are all together. See how they run like hedge fund bums from a gun, see how they fly. I'm crying."
STUCK IN A MORTGAGE WITH YOU (Stuck in the Middle- Stealer's Wheel)
October 2008
MONEY FOR NOTHING -Residential Mortgage Backed Securities (Money for Nothing - Dire Straits)
I like the following two songs, because you can sing AND dance to them:
LET'S DO THE SUBPRIME WARP AGAIN! (Let's Do the Time Warp - Rocky Horror Picture Show)
BAILOUT THRILLER RETURNS (Thriller- Michael Jackson)
November 2008
THE AIG BALANCE SHEETS (The Adams Family)
BABY CAN YOU BAIL OUR CARS (Baby You Can Drive My Car - the Beatles)
WHERE HAVE ALL THE BAILOUT BUCKS GONE? (Where Have All the Flowers Gone- Pete Seeger)
December 2008
MADOFF, THE WALL STREET FAKER (Rudolph, the Red-nosed Reindeer)
HEDGE FUNDS ROASTING ON AN OPEN FIRE (Chestnuts Roasting on an Open Fire)
THE TWELVE WALL STREET DAYS OF CHRISTMAS (The Twelve Days of Christmas)
January 2009
YOU'RE JOHN THAIN (You're so Vain - Carley Simon)
CITIGROUP BITES THE DUST (Another One Bites the Dust- Queen)
"Wall Street: The Musical", anyone?
(Think Mama Mia and Moulin Rouge.)
RELATED
Seeking Alpha
THE WILLIAMBANZAI7 BLOG: The Great American Subprime Disaster
Thursday, January 8, 2009
Lyrics to Demand, Supply Rap and Link to Chapter 1 of Professor Mankiw's Econ Textbook
One of the popular posts on the Economic Sounds and Sights blog contains a link to the "Demand, Supply" rap, created by Rhythm, Rhyme, Results, an educational music company located in Cambridge, M.A.
Joyce Santos was kind enough to post the lyrics to the rap, which I've posted below. The rap is was inspired by Harvard professor Greg Mankiw's ten principles of economics. These principles can be downloaded from the following link:
Chapter 1: Ten Principles of Economics (pdf)
Principles of Economics, Fourth Edition N.Greg Mankiw
Lyrics to Demand, Supply Rap, by Rhythm, Rhyme, Results
Via Joyce Santos
Verse I
Tradin’ this for that, call it tit for tat
We all face tradeoffs and that’s a fact because
Everything is in finite supply
That’s the reason why we all sell and buy
Next up is rule deuce, the next best use
Of money or time defines its true value
It’s more convoluted than just the simple cost
What else could you do? What opportunities are lost?
Decisions at the margin, yeah that’s the key
To understanding principle #3
Take your present situation and assume that it’s the best
If a change is worth more than it costs, then that’s your test
Lesson #4: it’s like the carrot and the stick
We break it down so you can see what makes the world tick
So why do we do the things that we do?
It’s a system of incentives that we all respond to
Chorus
Demand, supply
Listen up, learn this, and you’ll know why
We work, we buy
The price is right when the competition’s alive
(x2)
Verse II
Everyone in society can benefit from trade
#5 is a reminder that we shouldn’t let hope fade
Just use what you’ve got to produce your best
The money that you make will buy the rest
Lesson 6 is a trick, the invisible hand
Buyers and sellers clear markets without the man
The market system almost always prevails
But recognize, too, that markets can fail
Because of monopolies and the troubles they create
Uncle Sam comes along and he’s gotta regulate
That’s lesson #7: when government’s there
They oversee to guarantee that competition is fair
#8 says the future of a national State
Relies on services and products people create
If we sell and excel and we keep doing well
Then the money keeps going ’round just like a carousel
Chorus
Verse III
#9: keep an eye on that money supply
Printing too much paper sends prices sky high
A dollar means nothing, it’s just a nice name
If what it represents doesn’t stay the same
Number 10: there’s a tradeoff in the short run
Between unemployment and inflation
I really can’t explain the whole situation
You want the full story? Step up your education!
Joyce Santos was kind enough to post the lyrics to the rap, which I've posted below. The rap is was inspired by Harvard professor Greg Mankiw's ten principles of economics. These principles can be downloaded from the following link:
Chapter 1: Ten Principles of Economics (pdf)
Principles of Economics, Fourth Edition N.Greg Mankiw
Lyrics to Demand, Supply Rap, by Rhythm, Rhyme, Results
Via Joyce Santos
Verse I
Tradin’ this for that, call it tit for tat
We all face tradeoffs and that’s a fact because
Everything is in finite supply
That’s the reason why we all sell and buy
Next up is rule deuce, the next best use
Of money or time defines its true value
It’s more convoluted than just the simple cost
What else could you do? What opportunities are lost?
Decisions at the margin, yeah that’s the key
To understanding principle #3
Take your present situation and assume that it’s the best
If a change is worth more than it costs, then that’s your test
Lesson #4: it’s like the carrot and the stick
We break it down so you can see what makes the world tick
So why do we do the things that we do?
It’s a system of incentives that we all respond to
Chorus
Demand, supply
Listen up, learn this, and you’ll know why
We work, we buy
The price is right when the competition’s alive
(x2)
Verse II
Everyone in society can benefit from trade
#5 is a reminder that we shouldn’t let hope fade
Just use what you’ve got to produce your best
The money that you make will buy the rest
Lesson 6 is a trick, the invisible hand
Buyers and sellers clear markets without the man
The market system almost always prevails
But recognize, too, that markets can fail
Because of monopolies and the troubles they create
Uncle Sam comes along and he’s gotta regulate
That’s lesson #7: when government’s there
They oversee to guarantee that competition is fair
#8 says the future of a national State
Relies on services and products people create
If we sell and excel and we keep doing well
Then the money keeps going ’round just like a carousel
Chorus
Verse III
#9: keep an eye on that money supply
Printing too much paper sends prices sky high
A dollar means nothing, it’s just a nice name
If what it represents doesn’t stay the same
Number 10: there’s a tradeoff in the short run
Between unemployment and inflation
I really can’t explain the whole situation
You want the full story? Step up your education!
Tuesday, December 16, 2008
Francine McKenna's Blog: Re: The Auditors "Madoff and Blagojevich: Stealing - Easier When No One is Watching"
Francine McKenna's blog, re: The Auditors, is a great place to get good information regarding topics related to finance, accounting, and the economy. One of her recent posts sheds some light on the latest scandals in our society:
Madoff and Blagojevich: Stealing - Easier When No One Is Watching
I was delighted to discover that McKenna had posted a video of musicians performing a song related to her topic, also in keeping with the theme of the Economic Sounds and Sights blog.
Jane's Addiction's Been Caught Stealing, via Terranaomi
Quotes from McKenna's blog post:
"Ethical relativism is alive and well. The extreme sense of entitlement and unadulterated self-interest inherent in some of the worst offenders is an example of pure evil...I see bad people...."The smart money KNEW Bernie had to be cheating, because the returns he was generating were impossibly good. Many Wall Streeters suspected the wrong rigged game, though: They thought it was insider trading, not a Ponzi scheme.
And here's the best part: That's why they invested with him." "
Related:
Naked Capitalism: SEC Skipped Normal Inspection of Madoff Hedge Fund
Madoff and Blagojevich: Stealing - Easier When No One Is Watching
I was delighted to discover that McKenna had posted a video of musicians performing a song related to her topic, also in keeping with the theme of the Economic Sounds and Sights blog.
Jane's Addiction's Been Caught Stealing, via Terranaomi
Quotes from McKenna's blog post:
"Ethical relativism is alive and well. The extreme sense of entitlement and unadulterated self-interest inherent in some of the worst offenders is an example of pure evil...I see bad people...."The smart money KNEW Bernie had to be cheating, because the returns he was generating were impossibly good. Many Wall Streeters suspected the wrong rigged game, though: They thought it was insider trading, not a Ponzi scheme.
And here's the best part: That's why they invested with him." "
Related:
Naked Capitalism: SEC Skipped Normal Inspection of Madoff Hedge Fund
Tuesday, October 14, 2008
Ten Songs from Tough Economic Times, Ten Songs about the Economy, Demand, Supply Rap, and Economic Songs for Kids
The market went up on Monday, the U.S. government's latest economic strategies were debated, the market was so-so on Tuesday, and I am still struggling to figure things out. I don't have any profound insights to share at the moment....
In the meantime, here are links to some "Economic Sounds"....
Ten Songs from Tough Economic Times - Ken Oliver's post on the Music Matters blog
"Demand, Supply" Rap, by Rhythm, Rhyme, Results
Top 10 Songs about the Economy - by Wade Tatangelo, of Tampa Calling, Creative Loafing
Economic Songs (For Kids)
The following songs are from the KidsEcon website. The links are to lyrics set to the tune of popular songs, such as "If you are happy and you know it, clap your hands".
I especially liked these songs, in light of our current circumstances, both set to "The Farmer in the Dell":
The Handy Dandy Guide Helps Me Decide!
The Supply and Demand Song
In the meantime, here are links to some "Economic Sounds"....
Ten Songs from Tough Economic Times - Ken Oliver's post on the Music Matters blog
"Demand, Supply" Rap, by Rhythm, Rhyme, Results
Top 10 Songs about the Economy - by Wade Tatangelo, of Tampa Calling, Creative Loafing
Economic Songs (For Kids)
The following songs are from the KidsEcon website. The links are to lyrics set to the tune of popular songs, such as "If you are happy and you know it, clap your hands".
I especially liked these songs, in light of our current circumstances, both set to "The Farmer in the Dell":
The Handy Dandy Guide Helps Me Decide!
The Supply and Demand Song
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