Quote of the Day on Banking Mess: Merrill Lynch + Bank of America + Countrywide Mortgages = ?

Plenty of banks are failing, flailing, and wailing. Here is the most clever comment yet on the seemingly endless parade of failing banks getting eaten up by other banks:

Bear Stearns gone. WaMu too, into the belly of J.P. Morgan. Wachovia into Wells Fargo. Fannie and Freddie are the new U.S. Department of Mortgages and are closing their K
Street offices. Lehman is dust in the wind. AIG in the penalty box. Merrill Lynch is a subsidiary of Bank of America, which barely survived their purchase of Countrywide Mortgages and, the word is, they won't change their name to Lynch America Countrywide. They should.

Kudos to the smart, sassy writer for managing to incorporate so many cultural references into a few short sentences ("Dust in the Wind" especially! I was just listening to that song last night!). Still, Lynch America Countrywide is a superb bit of wit.