For those of you who been following the whole sub-prime meltdown on Wall Street and the spectacular collapse of legendary investment bank Bear Stearns this week… a Bear Stearns employee has re-mixed the lyrics of the song “Bohemian Rhapsody” to describe the current fiasco on Wall Street:
SING TO THE TUNE OF ‘BOHEMIAN nRHAPSODY’ BY QUEEN
Is this the real nprice?
Is this just nfantasy?
No escape from nreality
Open your neyes
And look at your buys and nsee.
I’m now a poor nboy (poor boy)
Because I bought it high, watched it nblow
Rating high, value low
Any way the Fed goes
Doesn’t really matter to nme, to me
Mama – just killed my nfund
Quoted CDO’s ninstead
Pulled the trigger, now it’s ndead
Mama – I had just nbegun
These CDO’s have blown it all naway
Mama – noooh-hoo-ooo
I still wanna nbuy
I sometimes wish I’d never left nGoldman at all.
I see a little silhouette of a nFed
Bernanke! Bernanke! Can you save the nwhole market?
Monolines and munis – very very nfrightening me!
Super senior, super nsenior
Super senior CDO – nmagnifico
I’m long of subprime, nobody loves nme
He’s long of subprime CDO nfantasy
Spare the margin call you monstrous nPB!
Easy come easy go, will you let me ngo?
Peloton! No – we will not let you go n- let him go
Peloton! We will not let you ngo
(let him go !)n
Peloton! We will not let you go – nlet me go
Will not let you ngo
let me go (never) Never let you go – nlet me go Never let me go – ooo
No, no, no, no, No, NO, NO ! –
Oh mama mia, mama mia, mama mia let nme go
S&P had the devil put aside
For me, for me, for nme
So you think you can fund me and nspit in my eye?
And then margin call me and leave me nto die Oh PB – can’t do this to me
Just gotta get out – just gotta get nright outta here
Ooh yeah, ooh nyeah
No price really nmatters
Nothing really matters – no price nreally matters to me
Any way the Fed ngoes…..
A big hat tip to Barry Ritholtz of The Big Picture!
[video: “Bohemian Rhapsody”]