Banks stave off credit crunch through hip hoppery

Following the collapse of Fannie Mae, Freddie Mac and IndyMac, US treasury secretary Hank Paulson has issued an edict that all American banks are to be renamed in a similar style. JP Morgan and Goldman Sachs are to be rebranded Jimmy Mack and LL Cool G respectively and the Fed itself will henceforth be known as Big Mac.

The UK is thought to be following suit in a British style with Northern Rock and Bradford & Bingley to be renamed Fanny Craddock and Poached Haddock with immediate effect.