Dis is how it hap'n:
One fine, zippity do-dah day back in September '08, when wan'at nobody lookin' and ev'body be kinda layback, not thinking' bout much o' nuthin, suddenly der be one big ruckus shenanigans whenz little ChiknHank come a runnin down d'road t'ween NewYawk an Wash'n, jez a whooping an a hollerin':
"D'flo be fallin'! D'flo be fallin' out from und'neaf us! We gotz to do sumpn now!"
Down inside d'beltway, Ole UnclePrez he turn 'roun quick, and pay close 'tention, cuz little ChiknHank he be d'wine some serious secretaryin' down at d'Treasur patch. "Whaddup now, bro?" Ole UnclePrez say.
Little ChiknHank, looking' all nervous on tv an sweat'n and discombobulated like, he say:
"We gotz to do sumpn now, or all dem MBSs and CDOs an CDSs, an AIG, dey be crashin' down in subprime und'neaf d'flo! and dat whole load o' low-grade unqualified drive-up receivables in cyberspace conduit, all sliced and diced for speculat'n obscurity conflummocks, wi' cooked-up SnP rat'ns an moody AAAs--dey be crash'n down befo yo can say overcollateralized leverage lickety-split, crash'n down on AIG an d'wallstreet flo! An d'mainstreet momnpops down und'neaf-- dey weel be crushed to smithereens! We gotz to do sumpn now, Uncle Prez! Quick, call big BenBird!"
Well, ole Uncle BenBird he come along and take one look at d'sitiation, an he say:
"I believe der be only one way out dis conflummucks. We gotz to t'row ChiknHank an' his barnyard wall street pals in de bailout patch, cuz dey bin in high cotton so long dey don' know dey's toxic assets from a hole in d'groun'."
But little ChiknHank, he be hoot'n n holler'n:
"Oh no, Uncle Ben! Please don' trow me in dat bailout patch! You can string me from d'highest leverage; you can tar me wi' regulat'n pitch 'til d'Feds come home; you can e'en trow me in d'bellerin wi d'bears, or wi' d'bulls in d'china shop, but please, please! Uncle Prez, don' let big Uncle Benbird trow me in dat bailout patch! I been a Uncle Miltie freedman free-market capper since I wuz Nehi to a moon pie, an ah jez can't take it if yu'z t'let Uncle Ben trow me in dat bailout patch."
But Uncle Prez n big BenBird, dey be confalootin sump'n serious, 'til finally Uncle Ben he be done trow ChiknHank right sho'nuf inz de middle o dat bailout patch.
Den, der be a long quietude, 'sept fo little rustlin' and rump'n and grunt'n somewheys down in dat bailout patch, and d'wind blow'n up a whistlin' dixie and tryin' d'be chawin bubblegum at d'same time, til at last,
By n' by, little ChiknHank, he drag hisself up on a hickory stump rot beside dat bailout patch, an he commenz to combin' briers outa his feathery backside wi a bluechip bonus blip. Den he strut up his bad self an go agin to hoot'n n holler'n, but dis time wi' a dif'rent margin call:
"Ah'uz bow'n an bred for dat bailout patch, Uncle Ben! bow'n and bred!"
An little ChiknHank commenz t'slipp'n n slidin' 'long d'muddy trail awhistlin zippity do dah, an direcly he an Bro Timmy dey be gett'n de wallstreet barnyard boyz back in high cotton agin, and momnpops down on mainstreet nev'a knew what hit 'em wi' d'bailout patch an all dat toobigtofail smokescreen conflummucks.
Now by n by, Ole Uncle rOMBus come along an tell us chilluns de tale, an he say d'momnpops down on mainstreet nevuh knew what hit 'em, cuz, i guess, day gotz d'bigscreen tv an 32-ounce bigchillum drink to keeps 'em feelin like dey's in high cotton fo sho.
But all dat whoopfiz woobieshoobie aside, now der be no joy in unemployed, underemployed Mudville today, cuz Ole Uncle rOMBus done struck out, but hey! we all gotz to go some time an at leaz he tried t'tell us what be goin on down on d'plantation. Thank you, Uncle rOMBus.
Y'all come back now, y'heah? Mo tall tales to come fo sho!