NEW YORK -- What's the deal with Wall Streeters penning songs as the housing market collapsed?
Fabrice Tourre, the former Goldman Sachs employee on trial for alleged securities fraud in a high-profile case from the financial crisis, is the latest contributor to this little-known genre.
It was a Saturday afternoon in February 2007, and Tourre -- nicknamed "Fabulous Fab" -- wrote a song parody in his native French.
In the trading rooms
A few of us
Were looking for glory
Although we were sad
To have an empty P&L
We could not help but keep on hoping
And when a few clients
Took a credit-linked note
In exchange of a good fresh P&L
We narrated verses
Gathered around the stove
Forgetting about the crisis
Tourre's lyrical talents emerged in his civil trial over a case brought by the U.S. Securities and Exchange Commission.