Lend Me Your Love: Difference between revisions
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{{a|popsong|{{image|Memphis slim|jpg|Mr. Slim, yesterday}}<br>{{popsong|Lend Me Your Love|Memphis Slim|3222785}}}}Memphis Slim’s [[Lend Me Your Love]] is, like Billy Idol’s [[Rebel Yell]] a fine example of a lyric that correctly, if metaphorically, employes technical legal terminology. Mr. Slim was evidently often in the business of [[Borrow|borrowing]], [[rehypothecating]] and possibly [[Short selling|short-selling]], his affection. He sings: | |||
{{popsong|Lend Me Your Love|Memphis Slim|3222785}}Memphis Slim’s [[Lend Me Your Love]] is, like Billy Idol’s [[Rebel Yell]] a fine example of a lyric that correctly, if metaphorically, employes technical legal terminology. | |||
:''Now [[lend]] me your love, little girl, please [[lend]] me your love <br> | :''Now [[lend]] me your love, little girl, please [[lend]] me your love <br> | ||
:''Lend me your love, baby, please lend me your love <br> | :''Lend me your love, baby, please lend me your love <br> | ||
:''I know you hear me keep | :''I know you hear me keep moanin’, moanin’ just like Noah’s dove<ref>A bird released by Noah after the flood in order to find land; it eventually came back carrying a freshly plucked olive leaf (Gen 8, 11). It seems to have been a rather patient dove: stoic, even. There is no mention of it “moaning” or registering any particular complaint, though it did bugger off at the first opportunity it got.</ref><br> | ||
:''You got a [[mortgage]] on my love, girl, there really is no doubt <br> | :''You got a [[mortgage]] on my love, girl, there really is no doubt <br> | ||
:''You got a [[mortgage]] on my love, girl, there really is no doggone doubt<br> | :''You got a [[mortgage]] on my love, girl, there really is no doggone doubt<br> | ||
:''But someday I be lucky enough to find another woman, <br> | :''But someday I be lucky enough to find another woman, <br> | ||
:''Gonna buy your [[love mortgage]] out<br> | :''Gonna buy your [[love mortgage]] out<br> | ||
We quite like how fastidious Mr Slim is in extending the [[metaphor]], even when it has apparently run out of road, talking in terms of ''refinancing'' a love mortgage with another, er “lender”. We wonder, vaguely, whether one is able to repay a maturing love loan [[Payment in kind|in kind]]? | |||
===Transaction analysis=== | ===Transaction analysis=== | ||
The transaction seems to be this: | The transaction seems to be this: | ||
*Baby agrees to lend a quantity (unspecified) of love to Memphis Slim. | *Baby agrees to lend a quantity (unspecified) of love to Memphis Slim. | ||
*As [[collateral]] [[security]] for his obligation to return her love, Mr. Slim grants Baby a [[mortgage]] over his own love, which for the time being, he is holding on his own balance sheet. | *As [[collateral]] [[security]] for his obligation to return her love, Mr. Slim grants Ms. Baby a [[mortgage]] over his own love, which for the time being, he is holding on his own balance sheet. | ||
*We surmise that Mr Slim is intending to take Baby’s love and [[reuse]] it elsewhere. | *We surmise that Mr Slim is intending to take Baby’s love and [[reuse]] it (or “[[rehypothecate]]” it, as our American friends might say) elsewhere. | ||
*Seeing as he has at least an equivalent amount of his own love which he is holding subject to a fixed charge, we | *Seeing as he has at least an [[equivalent]] amount of his own love which he is holding subject to a [[fixed charge]], we deduce that Baby’s love and Memphis Slim’s love cannot be [[fungible]] (otherwise this would be a transaction without any economic substance. Which would get Memphis Slim’s [[tax attorney]]s in a lather.) | ||
*While their respective loves might not be [[fungible]], Mr Slim contemplates buying out his obligations under the [[love mortgage]], perhaps with love received from this other woman, raising the prospect that | *While their respective loves might not be [[fungible]], Mr Slim contemplates buying out his obligations under the [[love mortgage]], perhaps with love received from this other woman, raising the prospect that the love of one woman might (in Mr Slim’s [[Legal opinion|opinion]], at any rate) be freely exchangeable, strongly [[correlated]] [[mark-to-market]] values, if not outright [[fungible]] with the love of another. The [[JC]] prefers not to speculate. This sounds less than ideal — sub-prime, so to speak. | ||
{{ | {{popmangle}} | ||
*[[Rebel Yell]] | *[[Rebel Yell]] | ||
*[[Mortgage]] and the special variety, the [[love mortgage]] | *[[Mortgage]] and the special variety, the [[love mortgage]] | ||
[[Category:Pop songs which use terms of legal art]] | [[Category:Pop songs which use terms of legal art]] | ||
{{ref}} | |||
Latest revision as of 10:16, 21 September 2023
Lend Me Your Love by Memphis Slim (Enjoy the lyrics, at your own risk, here)
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Memphis Slim’s Lend Me Your Love is, like Billy Idol’s Rebel Yell a fine example of a lyric that correctly, if metaphorically, employes technical legal terminology. Mr. Slim was evidently often in the business of borrowing, rehypothecating and possibly short-selling, his affection. He sings:
- Now lend me your love, little girl, please lend me your love
- Lend me your love, baby, please lend me your love
- I know you hear me keep moanin’, moanin’ just like Noah’s dove[1]
- You got a mortgage on my love, girl, there really is no doubt
- You got a mortgage on my love, girl, there really is no doggone doubt
- But someday I be lucky enough to find another woman,
- Gonna buy your love mortgage out
We quite like how fastidious Mr Slim is in extending the metaphor, even when it has apparently run out of road, talking in terms of refinancing a love mortgage with another, er “lender”. We wonder, vaguely, whether one is able to repay a maturing love loan in kind?
Transaction analysis
The transaction seems to be this:
- Baby agrees to lend a quantity (unspecified) of love to Memphis Slim.
- As collateral security for his obligation to return her love, Mr. Slim grants Ms. Baby a mortgage over his own love, which for the time being, he is holding on his own balance sheet.
- We surmise that Mr Slim is intending to take Baby’s love and reuse it (or “rehypothecate” it, as our American friends might say) elsewhere.
- Seeing as he has at least an equivalent amount of his own love which he is holding subject to a fixed charge, we deduce that Baby’s love and Memphis Slim’s love cannot be fungible (otherwise this would be a transaction without any economic substance. Which would get Memphis Slim’s tax attorneys in a lather.)
- While their respective loves might not be fungible, Mr Slim contemplates buying out his obligations under the love mortgage, perhaps with love received from this other woman, raising the prospect that the love of one woman might (in Mr Slim’s opinion, at any rate) be freely exchangeable, strongly correlated mark-to-market values, if not outright fungible with the love of another. The JC prefers not to speculate. This sounds less than ideal — sub-prime, so to speak.
See also
- Pop songs and the law
- Rebel Yell
- Mortgage and the special variety, the love mortgage
References
- ↑ A bird released by Noah after the flood in order to find land; it eventually came back carrying a freshly plucked olive leaf (Gen 8, 11). It seems to have been a rather patient dove: stoic, even. There is no mention of it “moaning” or registering any particular complaint, though it did bugger off at the first opportunity it got.