I am the hedgeman...

Another horrible morning dawns. However as Flash is long USD he's not too bothered. He was wondering when the people that put their faith in the euro were going to get a nasty surprise. Today's latest round of bank collapses and nationalisations seems to be it.


Anyway - Macro Man has more - and puts it better than Flash; and this, via FT Alphaville is pretty good too.



As the financial crisis deepens, jobs go and bailouts expand, the humour just seems to get more intense and - well, lyrical. In what we hope will be an occasional series, here’s today’s offering, from a Tokyo-based Beatles admirer known only as Mori (yes, a “hedgeman”…):

I am the Hedgeman
I screwed up as you screwed up as he screwed up
We’re in this mess together
see how they run from a money market fund
see how they fly
I’m crying
Sitting on some futures
Waiting for the bounce to come
Short duration T-bond, stupid bloody Dick Fuld man
You’ve been a naughty boy
You let the bank go down
I am the hedgeman (woo)
We are the hedgemen (woo)
I am the Paulson
Goo goo gajoob
Mr City Banker
Sitting pretty little bankers in a row
See the TED-spread fly, like Lehman in the sky
See how they run
I’m crying
I’m crying, I’m crying
CDO-squared custard
Dripping from a dead trader’s eye
Cram-a-lotta crap in
Pornographic lev’rage
Boy, you’ve been a naughty girl
You let your risk control down
I am the hedgeman (woo)
We are the hedgemen (woo)
I am the Paulson
Goo goo gajoob
Sitting in an English building society
waiting for that run
If the run don’t come you get a loss
When they nationalise the English way
I am the hedgeman (woo)
We are the hedgemen (woo)
I am the Paulson
Goo goo gajoob
Expert, texpert coked-up brokers
Don’t you think the credit analysts laugh at you (hee hee hee, ha ha ha)
See the bond guys smile like pigs in a sty
See the S&P slide
I’m crying
Securitised pilchard
Climbing up to triple A
Elementary screw-up, trillion dollar bail-out
Man, you should have seen them shorting
Those investment banks
I am the hedgeman
They are the hedgemen
I am the Paulson
Goo goo gajoob
G’goo goo gajoob
Goo goo gajoob
G’goo goo gajoob
G’goo