Wall Street Meltdown

Billy Joel's "We Didn't Start the Fire" gets the parody treatment this week with this Wall Street Meltdown clip on what the author calls the "bizarre sequence of events" in markets recently.

"Here comes a Wall Street meltdown, We need more Asian sovereigns to help solve our problems," goes the chorus.

The video - inspired by Here Comes Another Bubble - gives most big US investment banks get a mention, some more favourable than others.

While Bear Stearns is described as "on the run" and Citigroup's now-departed Chuck Prince appears with a somewhat befuddled-looking frown, when it comes to Goldman Sachs the song asks the question in everyone's mind: "Why is Goldman the only firm that always gets it right?"

It's a great summary of recent months with a picture montage featuring all our favourite crunch characters, from rogue trader Jérôme Kerviel, Jim Cramer, Ben Bernanke and Stan O'Neal to Britain's own Northern Rock.

And for any troubled traders out there who think it might be cathartic, there's lyrics provided to sing along.

© Guardian News & Media 2008
Published: 3/3/2008
 
Use the feedback form below to submit your comments.
Your Comments:
Your Name:
Use the form below to email this article to your friends.
Recipient Email Address:
 Separate multiple email addresses by ;
Your Name:
Your Email Address: