Safety Bank (Safety Dance)

Safety Bank (Safety Dance) Save the Bank

March 25, 2023 —

I rewrote some lyrics and am calling my new parody song

“The Safety Bank” by Men Without Account

[Set to the music of The Safety Dance by Men Without Hats, from 1982]

Please sing along

Ssss, aaaa, ffff, eeee, tttt, yyyy

Safety! Bank!

We can bank if we want to

We can leave your friends behind

’Cause your friends don’t bank

And if they don’t bank

Powell, they’re no friends of mine

Say, we can route FDIC

A place where they will never find

And we can act like we come

From out of this world

Leave the real one far behind

And we can bank

Repos!

We can clear when we want to

Hedged swaps are my ally

Bank runs aren’t very neat

We stampede with our feet

And surprise ’em with Yellen’s cry

Say, we withdraw if we want to

If we don’t, nobody will

And you can wire transfer totally removed

And I can act like an imbecile

And say, we can bank, we can bank

BTFP for control

Save the bank, with bridge bank

They’re doing it from alp to pole

We can bank, we can bank

Everybody look at the Fed

We CD, we bridge bank

Money markets taking the chance

Safety bank

Oh well, credit transfer

Ah yes, let’s save the bank

We can bank if we want to

We’ve got the liquidity

As long as we abuse it, never gonna lose it

Everything’ll work out right

I say, we can ABA wire

We can leave Gruenberg behind

Because your friends don’t bank

And if they don’t bank

Well, they’re no friends of thee

I say, we can bank, save the bank

Everything’s out of control

We can bank, ACH

We’re doing it from hike to hike

We can bank, safety bank

Everybody look at the rates

We can bank, we can bank

Insufficient funds take the chance

Oh well, the safety bank

Ah yes, the AT1

Oh well, the safety bank

Oh well, the CoCo debt

Oh yes, it's safe to bank

Oh, the ATM, yeah

Well, let’s save the bank

It’s the ECB

Well, let’s save the bank

Well, it’s the BOE

Oh, let’s save the bank

Oh, it’s the SNB

Pop goes the world

Disclosure: The opinions expressed are those of Running Point Capital Advisors, LLC ( Running Point) and are subject to change without notice. The opinions referenced are as of the date of publication, may be modified due to changes in the market or economic conditions, and may not necessarily come to pass. Past performance is not indicative of future results. Forward-looking statements cannot be guaranteed. Running Point is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Running Point’s investment advisory services and fees can be found in its Form ADV Part 2, which is available upon request. RP-23-26