In the Hamptons

Parody lyric by David Shayne, Kay Gardiner, and Merle Hazard

As the sun burns

At Georgica beach, one windy morn

A mortgage bond trader sits forlorn

In the Hamptons

(In the Hamptons)

And his stomach churns

‘Cause if there’s one thing he can’t sustain

It’s keeping up the house on Lily Pond Lane

In the Hamptons

(In the Hamptons)

Ben Bernanke can’t you understand

Wall Street needs a helping hand

Or there’s gonna be a nasty recession some day

Fed gov’nors don’t you see?

We’ll lose three points of GDP!

The working man gets hurt the worst

If you don’t save…the rich ones first

Now the CMOs

And the other mortgage-backed securities

Are getting marked down to market, causing much unease

In the Hamptons

(In the Hamptons)

As the cycle turns

A mortgage bond trader with a pretty wife

Gets a mortgage of his own to maintain his life

In the Hamptons

(In the Hamptons)

Then one day in desperation

He bets on interest rates.

He thought the Fed was holding strong

But they cut half a point, and his trade went wrong.

Now the ink is red

Bond-trading man gets fired, of course

And the lawyer for a pretty lady files for divorce

In the Hamptons

(In the Hamptons)

Milton Friedman said

That the central bank, which he didn’t trust

Is itself the greatest cause of the boom and bust

In the Hamptons

(In the Hamptons)

In the Hamptons, oh yeah!

“In the Hamptons” is a parody of the song “In the Ghetto,” by Mac Davis.