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    Protesters Taunt Goldman Sachs Employees By Singing "Frosty The Goldman" Outside Company Christmas Party

    By Ben Popken, 4:21 PM on Tue Jan 8 2008, 3,091 views
    Last week a clutch of protesters sang parodic carols outside the Goldman Sachs Christmas party at the hoity-toity BLVD club to protest the companies involvement with subprime mortgages. The activists and homeowners are mad at Goldman for betting that the subprime market would tank, while still urging their clients to invest heavily in it. However, someone might want to tell the carolers that Goldman doesn't issue residential mortgages. Oops. In any event, their song is pretty funny. Here are the lyrics to "Goldman, the Two-faced I-Bank" (sung to the tune of "Rudolph, the Red Nose Reindeer):

    You know Merrill and Morgan and Lehman and Citi
    J.P. and Wamu and Bofa and Barclay's
    But do you recall?
    The most famous i-bank of all?

    Goldman the two-faced i-bank

    Gave out very shoddy loans
    And if you ever saw them
    You'd wonder how its profits rose

    All of the other i-banks
    Lost billions on the subprime game
    How did that crooked Goldman
    Come away with all the fame?

    Because it knew how bad it was
    And it stoked the flames
    At the same time that it made bad loans
    It bet that folks would lose their homes

    Right now it's bonus season
    And we're shouting "don't you see!
    Goldman the two-faced i-bank
    Pay now or pay in history!"

    Frosty the Goldman

    Frosty the Goldman
    Was a very crafty soul
    With a gilded pipe and a lot of dough
    And a heart made out of coal

    Frosty the Goldman
    Was too smart to lose they say
    He made awful loans
    But he sure did know
    How to swindle us for pay

    There must have been some magic
    In that goldman pipe he smoked
    For when he held it to his lips
    He made bank and we went broke
    Frosty the Goldman
    Was as rich as rich can be
    But still he'd say
    "Make the poor folks pay!
    And bring their homes right back to me"

    Frosty the Goldman
    Knew there had to be a way
    To boost his funds
    At the end of the run
    On the backs of the subprime prey

    He plundered and pillaged
    Like a felon on the lam
    Running here and there all around De Beers
    Saying catch me if you can

    He led us down the road to debt
    And before the market dropped
    He even bet we'd lose our homes
    And now we holler STOP!

    (thief!)

    Frosty the Goldman
    It is soon your bonus day
    Stop telling us lies
    We can rhyme "securitize"
    And you sure as hell can pay

    thumpety thump thump
    thumpety thump thump
    Look at Goldman go

    thumpety thump thump
    thumpety thump thump
    Give up your dirty dough

    "Frosty the Goldman" and Other Odes to Subprime Profiteers [Village Voice] (Thanks to James!)

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