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.