Market Humour Subprime Rhapsody

oiltanker

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there is plenty of gallows humour about such as a specially rewritten version of Bohemian Rhapsody by Queen,

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,

Mama - just killed my fund
Quoted CDO’s instead
Pulled the trigger, now it’s dead
Mama - I had just begun
These CDO’s have blown it all away




FT.com / Markets - Smile through the crisis
 
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