Here's a little ditty that could be described as the anthem of the credit crunch.
Please sing to the tune of Queen's Bohemian Rhapsody:
Is this the real price ?
Is this just fantasy ?
Financial landslide
No escape from reality
Open your eyes
And look at your buys and see.
I'm now a poor boy
High yielding casualty
Because I bought it high, watched it blow
Rating high, value low
Any way the Fed goes,
Doesn't really matter to me, to me.
Mama - just killed my fund
Quoted CDOs instead
Pulled the trigger, now it's dead
Mama - I had just begun
These CDOs have blown it all away
Mama - oooh
I still wanna buy
I sometimes wish I'd never left Goldman at all.
I see a little silhouette of a Fed
Bernanke! Benanke ! Can you save the whole market ?
Monolines and munis - very very frightening !
Super senior, super senior
Super senior CDO - magnifico
I'm long on subprime, nobody loves me
He's long on subprime, CDO fantasy
Spare the margin call, don't blame me for all !
Easy come easy go,
Will you let me go ?
Peloton !
No, we will not let you go !
Let him go Peloton!
We will not let you go !
Let him go, Peloton !
We will not let you go !
Let me go !
Will not let you go
Let me go (never)
Never let you got
Let me go
Never let me go - ooo
No, no, no, no, no, no, no
Oh mama mia, mama mia, mama mia, let me go !
S&P had the devil put aside for me for me, for me, for me.............
So you think you can fund me and spit in my eye?
And then margin call me and leave me to die?
Oh - can't do this to me
Just gotta get out, just gotta get right outta here
Ooh yeah, ooh yeah
No price really matters
No liquidity
Nothing really matters
No price really matters to me
Anyway the Fed goes...
Portal 