At Fannie Mae, there is a regulator questioning
The clever president who claims he didn't know
That his balance sheet was faulty, so
Now he has to go!

Unemployed is now this banker with his big cigar,
But since his pay checks are not going to be cut back,
All the bankers out at Freddie Mac
Want to be like Raines, unrestrained!

Fannie Mae will not soon see its stock price rise
'Cause, when times get tough, they supersize
Profits, and meanwhile back

At Fannie Mae, there is an auditor assigned to find
Computer evidence that he committed fraud.
And, although he knows that Raines is flawed,
It's a clean ipod.

Franklin Raines has great big plans to exercise
Stock options, and - accessorize
His Hummer, meanwhile back

Behind their laptops are some would-be bank executives,
These candidates are spicing up their resumes.
And, although they all have feet of clay,
They want Franklin's pay.

At Fannie Mae, the stock price drops another seven points.
We see the banker's bonus not getting returned.
And now the auditor has just learned
How to be like Raines, unrestrained.

Fannie Mae will not soon see its stock price rise,
But, since Franklin Raines was very wise,
He quit, and meanwhile back

Fannie Mae will not soon see its stock price rise,
So investors now will ostracize
Fannie Mae!