concert footage

January 14th, 2009

The South End String Band, for those of you who may be under some vague misconception that we’re a ragtag collection of musician yahoos, is actually a legal entity entitled SESB LLC.  Meaning we’re a corporation.  With limited liability.  Not limited viability as some have suggested….
    As such, we’re a lean mean profit churning machine.  About the same time as the Wall St. Meltdown and Uncle Sam’s 750 billion dollar bailout to prop up LOSING entities, the SESB LLC got a letter from the IRS informing us we were going to be penalized $2500 for not submitting Form 1065 to them in a timely manner.  Our bank account had swollen to about $1800 at the time.  For you mathematicians , that meant our profits were soon to be losses, no doubt triggering our own stimulus package, judging by the U.S. Treasury’s aforementioned desire to help the fiscally floundering back on their feet and save Capitalism itself even if it meant converting it to Socialism.
    You may not know it, but not many bands pay taxes.  They’re like most artists.  Sort of an underground black market economy.  But the SESB LLC was a small beacon of hope in the storm tossed capitalist seas of 2008.  At least until the IRS decided our deep pockets were needed to rescue, oh, Morgan Stanley and WAMU and a few other corporations more reckless than ourselves.
    So this next song, DON’T LET YOUR DEAL GO DOWN, keep in mind, it’s honest hardworking bands like ours that may ultimately save the global economy .  Even if we have to go broke to do it.
     Tough economic times, ladies and gentlemen.  Tough economic times……

Entry Filed under: deer in the headlights (concert commentary)