Gather roun’ the LOLFed Fail Tree for some cheap scotch and a song! With a h/t to Erin Lamos and Evan Sparks for sending this link along, the American Enterprise Institute (AEI) has published a remarkably non-stodgy rework of The Night Before Christmas. An excerpt:

For this year the markets had caused such a clatter–
Mortgages–credit crunch–what was the matter?
With th’economy hitting new low after low,
Just what would happen no pundit could know.

Up on the roof came the sound of a clank,
And out of a sleigh hopped St. Ben and St. Hank.
It was first to Bear Stearns that they opened their sack,
Before bailing out Fannie Mae, Freddie Mac.

Lehman was naughty; no presents they got.
But credit default swaps made AIG hot.
Now WaMu, now Goldman, now Morgan and Merrill
Now Citi, Wachovia–all were in peril!

If you prefer shorter songs, I re-wrote the 12 days of Christmas a while back, as well. Happy caroling!