The Subprime Blues with improved sound

Uploaded by: billybobstewart
Video Description:
This is a story about my family - we made a couple of mistakes.
Click on the blue link "more" to see the lyrics
An original performance by Billybob and Luanne Stewart with improved audio quality and a shortened introduction.
visit the billybob blog @
http://www.thesubprimeblues.com
http://www.myspace.com/billybobstewart
The Subprime Blues ÂŠ2007
A couple years ago I went to buy a home
I called up on an ad on the telephone
The Realtor told me now is the right time to buy
She said "Owning a home is American as apple pie"
The place, I saw, too good to be true
On the west side of town it even had a view
Something should have told me that I was a fool
I didn't know about the Subprime Blues
The broker said to make an offer on the spot
She said "Do you have money", I said "I do not"
She said "That don't matter, I know who you should call
Countrywide's number's right here on here on the wall"
I rushed to their office right on time
The mortgage broker told me he was, on my side
He said "I solve your problem buddy don't you wait"
I git you a loan with an adjustable rate
How can these payments be so low
The balance rises every month on what I owe
Needed some furniture, a new TV
No problem borrow more with Home Equity
I can't make my payments anymore
They sold my damn loan into a CDO
There's no one to talk to on the other side
This whole dang thing is hurtin my pride
I gotta get away, away, away, away from here,
I'm going downtown to drown myself in beer
I wake up in the morning all I feel is fear
The foreclosure date is getting near
I borrowed more money than I could pay
The Subprime Blues have come my way
The loan, I took, it was cursed
The Real Estate bubble, now it has burst
I'm in, the school, of hard knocks
I'm gonna end up in a cardboard box

Tags for this video: Blues CDO Comedy Ecomomy Foreclosure Mortgage Politics Subprime

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BillyBob is really ... ( 1 year ago by vineetgos)

BillyBob is really funny

rock on! ( 1 year ago by peace0be)

rock on!

brilliant... simply ... ( 1 year ago by blacksroogy)

brilliant... simply brilliant.
-Michael D. from icsc

Billybob is funny ... ( 1 year ago by ldscnj)

Billybob is funny but tells an important story at the same time. How did he convince Luanne (I assume that it actually his daugter) to do this?

Wow This billy bob ... ( 1 year ago by fshapi9)

Wow This billy bob is CRAZYYY GOOD! watch out britney spears!

MAN BILLY BOBS ... ( 1 year ago by cutieboo92)

MAN BILLY BOBS DAUGHTER IS HOTTTTT ;-)

Luanne is my little ... ( 1 year ago by billybobstewart)

Luanne is my little girl. All I had to do was pay her $10 per take - I told her she just bein greedy but I need her to make this song good.

How can he afford a ... ( 1 year ago by tarlo2007)

How can he afford a guitar? vg so long as they don't take that from him too

Keep rocking, ... ( 1 year ago by perlprop)

Keep rocking, Billybob!

Definitely worth ... ( 9 months ago by 05clyde)

Definitely worth watching. Sad, but really funny. These two explain what it is really like from the homeowners' perspective to borrow money that they cannot afford to repay. People like this all over America are losing their homes and all anyone cares about is saving the banks. Billybob is the quintessinal little guy that no one bothers to care about.

Nice one :-) ( 8 months ago by blinkenlights4ever)

Nice one :-)

Is happening here ... ( 4 months ago by arpolwest1)

Is happening here in Australia as well! A nice USA export! The plutocracy here is in the MINING BOOM BIG MONEY for shareholders and the Gov. but for the young people worse and worse! And I heard the banks will be backed by the Gov.! More taxes for the poor! A third more SOCIALIST PARTY should start forming on every Country! Nothing to do with Communism but common sense! If not the neck of "MARY ANTOINETTE" WILL; GO DOWN THE GUILLOTINE SOME TIME SOON!

Do they give out ... ( 4 months ago by 05clyde)

Do they give out subprime loans in Australia too? The US will be spending billions to bail out the institutions that caused this. What an injustice. Poor Billybob - his myspace page says that he is also a shale miner.

Hi! 30 years ago I ... ( 4 months ago by arpolwest1)

Hi! 30 years ago I Bought my second House in Perth for $30,000 now is $600,000 in that period wages has trebled but housing is 20 times more dear! What is pumping prices up? The mining boom that benefits only a few and the Gov! The mighty shareholders even many times they pay none or little taxes with with tax Havens in the Bahamas so they are Multinacional "FACELESS FINANCIAL ENTITIES" It is Utopia for the PLUTOCRACY inheritors of Monarchy and aristocracy!

It does seem like ... ( 4 months ago by 05clyde)

It does seem like the rich are getting richer. Obama seems to be intent though on changing that at I bet that he follows Warren Buffets' advice to dramatically increase the estate tax. House prices and wages generally rise in unison over time so I guess your house is going to be worth a lot less soon or wages are going to go up.

man, I hope they ... ( 1 month ago by dannyknapp)

man, I hope they outlaw adjustable rate mortgages and loans. that's just wrong.

nice. ( 3 weeks ago by thecountrytards)

nice.

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