I found a flaw
Lyrics
i found it best to count on our own rational self-interest to regulate loans but then i found a flaw how could a market take on such risk wasn't it obvious i wouldn't persist i found a flaw oh god it's obvious now i found a flaw please god just tell me how does one lean on the wind what if's and should of's and each second guess so here's where i spill them the US congress i found a flaw so what it's too late now
Music
Chords
verse: G, C, G, C, G, C, F (x2)
chorus: F, C, C, E7, E7, Am, Am, Dm, G7, C
bridge: Am, Am/G, D7, Fm, E7
Structure
verse
chorus
verse
chorus x2
bridge
verse
chorus
Songwriter Notes
a song for alan greenspan. i was inspired by his testimony in front of congress on the current economic disaster. here's what wikipedia said of it:
"In Congressional testimony on October 23, 2008, Greenspan acknowledged that he was "partially" wrong in opposing regulation and stated "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity -- myself especially -- are in a state of shocked disbelief."[27] Referring to his free-market ideology, Greenspan said: “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.” Rep. Henry Waxman (D-CA) then pressed him to clarify his words. “In other words, you found that your view of the world, your ideology, was not right, it was not working,” Waxman said. “Absolutely, precisely,” Greenspan replied. “You know, that’s precisely the reason I was shocked, because I have been going for 40 years or more with very considerable evidence that it was working exceptionally well.” [66] Greenspan admitted fault in opposing regulation of derivatives and acknowledged that financial institutions didn't protect shareholders and investments as well as he expected. During testimony, Rep. John Yarmuth (D-KY) compared Greenspan to Bill Buckner, the Boston Red Sox first baseman whose fielding error caused the team's loss in the 1986 World Series.[27]"
the "lean on the wind" line is also from a greenspan quote. anyway, i thought it was very interesting that a guy could sit in front of congress and say that after 40 years he may have been completely wrong about his world view. pretty wild. i wrote the chord and melody this morning. the verse came first, then the chorus, and then the bridge. i recorded two strumming guitar parts, one with a capo. i also put down another track of acoustic guitar on the chorus and put it through some crazy processor so it sounds all bizarre. i messed around with some beats, a buzzy synth bass and threw some bells on the chorus. i think the 2nd and 3rd verses could be better, and the song sounds pretty frantic, at this tempo its only 1:20, and it goes through 3 verses, 4 choruses, and a bridge. not sure that's the best way to play it. i'll see how it sounds in the morning. i've been hoping to write more songs about the economy to go with the accountants one.
