grey shark Posted March 25, 2008 Posted March 25, 2008 Lifted this from another forum , Queen classic from mid 70's , it's especially for all the CDO & MBS dreamers who have recently seen there financial wizardry turn to dust ................... 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 CDO's instead Pulled the trigger, now it's dead Mama - I had just begun These CDO's 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! Bernanke! Can you save the whole market? Monolines and munis - very very frightening me! Super senior, super senior Super senior CDO - magnifico I'm long of subprime, nobody loves me He's long of subprime CDO fantasy Spare the margin call you monstrous PB! 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 go - let me go Never let me go - ooo 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 PB - can't do this to me PB 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 Any way the Fed goes..... Quote
thefinalbear Posted March 25, 2008 Posted March 25, 2008 As the credit crunch rolls on the anecdotes get better......here's one from Sept on Bloomberg.......now who's that guy called 'Margin' who keeps calling? Sept. 27 (Bloomberg) -- A famous series of jokes uses the actor Chuck Norris, martial artist and star of ``Walker, Texas Ranger,'' as a paragon of masculinity and omnipotence. ``Guns don't kill people, Chuck Norris kills people,'' goes one. ``Chuck Norris doesn't get wet, water gets Chuck Norris,'' goes another. Similar thinking can be applied to the current state of financial markets. Here, then, is the world of money recast in Chuck Norris terms. Chuck Norris doesn't target inflation. He roundhouse-kicks it until it begs for mercy. The Chuck Norris dollar buys 3 Canadian dollars, and trades at parity with the euro. Chuck Norris doesn't supply collateral, only collateral damage. The tears of Chuck Norris would supply enough liquidity to solve the credit crisis. Too bad he never cries. When the yield on a Chuck Norris bond goes up, the price also rises. Chuck Norris trades on fear and greed simultaneously. Alan Greenspan calls Chuck Norris ``The Maestro.'' Chuck Norris has already banked his dividend payment from Northern Rock Plc. Chuck Norris funds at Libor flat. Chuck Norris Asset Management made 50 percent on its subprime mortgage-backed bond fund last month. Chuck Norris doesn't borrow at the Fed's discount window. Chuck Norris LENDS at the Fed's discount window. Chuck Norris's curves never invert. Net income at Goldman Sachs Group Inc. rose 79 percent in the third quarter; profit at Chuck Norris Securities Inc. climbed 80 percent. There is no market regulator. Just a list of securities Chuck Norris allows to be traded. Chuck's iPhone never needs recharging. Chuck Norris doesn't buy gold to hedge against inflation. Gold buys Chuck Norris to hedge against inflation. Chuck Norris charges the Bank of England a penalty rate for borrowing. And guarantees its deposits. Chuck Norris is the pilot Ben Bernanke calls when he wants to shower the economy with dollar bills. Sometimes, Chuck refuses to fly. Chuck Norris gets ALL of his funding from the asset-backed commercial paper market. Chuck Norris doesn't mark-to-market. The market marks to Chuck Norris. When the U.S. economy sneezes, the world catches a cold. When Chuck Norris sneezes, the U.S. economy catches pneumonia. When Chuck Norris makes you a price, it isn't an offer; it's an obligation to buy. Chuck Norris isn't a market maker; he IS the market. Chuck Norris can still get a 125 percent mortgage on a $2 million condo without providing proof of earnings. Chuck Norris subprime collateralized debt obligations still trade at 100 percent of face value. Chuck completed Halo 3 on his Microsoft Corp. Xbox 360 on the day before the computer game went on sale. Chuck Norris has a trade surplus with China. http://www.bloomberg.com/apps/news?pid=206...&refer=home Quote
thefinalbear Posted March 25, 2008 Posted March 25, 2008 Wait.....there's more: 'People try to bid things down, talking ’bout securitisation Just because the market’s drowned, talking ’bout annihilation All my bonds I hope get sold, talking ’bout remuneration Hope I trade before I get old, talking ’bout my termination My expectations, or humiliation baby? In my situation I need medication baby! Quote
shuggyboy24 Posted March 25, 2008 Posted March 25, 2008 Lifted this from another forum , Queen classic from mid 70's , it's especially for all the CDO & MBS dreamers who have recently seen there financial wizardry turn to dust ...................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 CDO's instead Pulled the trigger, now it's dead Mama - I had just begun These CDO's 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! Bernanke! Can you save the whole market? Monolines and munis - very very frightening me! Super senior, super senior Super senior CDO - magnifico I'm long of subprime, nobody loves me He's long of subprime CDO fantasy Spare the margin call you monstrous PB! 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 go - let me go Never let me go - ooo 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 PB - can't do this to me PB 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 Any way the Fed goes..... Absolutely brilliant!, i am quite sure someone could also do some lyrics for the 1973 Queen tune Liar, and then make it all about liar loans;) Quote
thefinalbear Posted March 25, 2008 Posted March 25, 2008 As yet, we have no confirmation that a new breakfast cereal, Credit Crunch, is replacing the customary Danish and coffee breakfasts at morning meetings across the City and Wall Street. Quote
thefinalbear Posted March 25, 2008 Posted March 25, 2008 Similarly, Cadbury’s has denied it plans to boost its product range with the launch of the Credit Crunchie (even on Fridays). Quote
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