In honor of the largest consumer debt reduction since the heyday of Cole Porter, I offer this tribute.
(to "It's De-Lovely" by Cole Porter)
With unemployment on the rise It's getting hip to economize. We're delinquent! We're defaulting! We're deleveraging! Our credit limits down to zip, So we cut out all those shopping trips! We're delinquent! We're defaulting! We're deleveraging! You can tell at a glance that we're not all that sharp at finance When we whine how Bernie Madoff stole all our dough. Didn't we know? So sound retreat! Admit defeat! And choose which dog food you'd rather eat! We're delinquent! We're defaulting! We're delusional! We're demoralized! We're depleted! We're dejected! We're depressed! We're deleveraging!
