H-E-D-G-E

Lyric by Merle Hazard

Financial markets are global now

Every continent on earth

But it’s still real hard to trade a put or a swap

When you don’t know what they’re worth

I bought a couple mortgage-backed CDOs

Then the prices…took a fall

Now I’ll spell out what happened when

I got my final margin call

My H-E-D-G-E  F-U-N-D

Went bankrupt today

Goldman S-A-C-H-S

Took my funding away

I was leveraged 10 to 1

But it should’ve been 2, or 3

Oh how I wish I’d had

A working H-E-D-G-E

Yes my H-E-D-G-E  F-U-N-D

Went bankrupt today

Me and all of my capital

Will be going away

Moody’s got the ratings wrong

So did S & P

Oh how I wish my fund had had

A real H-E-D-G-E

I’m thinking that it might be

Impossible

To have a reliable

H-E-D-G-E

“H-E-D-G-E” is a parody of the song “D-I-V-O-R-C-E.”