Bohemian Rhapsody, the Wall Street re-mix

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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

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Is this the real nprice?
Is this just nfantasy?
Financial nlandslide
No escape from nreality

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Open your neyes
And look at your buys and nsee.
I’m now a poor nboy (poor boy)
High-yielding ncasualty
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

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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.

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(guitar solo)

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~~~

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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

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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 me, for nme

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~~~

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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

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Ooh yeah, ooh nyeah
No price really nmatters
No nliquidity
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”]