Lend Me Your Love: Difference between revisions
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*Seeing as he has at least an equivalent amount of his own love which he is holding subject to a fixed charge, we can only surmise 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]] [[Mediocre lawyer|lawyers]] in a lather.) | *Seeing as he has at least an equivalent amount of his own love which he is holding subject to a fixed charge, we can only surmise 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]] [[Mediocre lawyer|lawyers]] 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 womanly love might (in Mr Slim’s [[Legal opinion|opinion]], at any rate) be freely exchangeable, strongly [[correlated]] [[mark-to-market]] values, if not outright [[fungible]]. | *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 womanly love might (in Mr Slim’s [[Legal opinion|opinion]], at any rate) be freely exchangeable, strongly [[correlated]] [[mark-to-market]] values, if not outright [[fungible]]. | ||
{{ | {{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]] |
Revision as of 14:14, 14 March 2019
Lend Me Your Love by Memphis Slim
(Enjoy the lyrics, at your own risk, here)
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. Memphis seems to be in the business of borrowing and rehypothecating, or possibly short-selling, love. 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
- 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
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 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.
- Seeing as he has at least an equivalent amount of his own love which he is holding subject to a fixed charge, we can only surmise 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 lawyers 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 womanly love might (in Mr Slim’s opinion, at any rate) be freely exchangeable, strongly correlated mark-to-market values, if not outright fungible.
See also
- Pop songs and the law
- Rebel Yell
- Mortgage and the special variety, the love mortgage