"The Clintons Coming Home to Roost"

or..

The Pelosi-Reid Recession

the sub-prime reformation

I kind of like where Anonymous is going here. Perhaps "Something Else We Can Surely Find a Way to Blame on Democrats and Their Anti-American Defeatism" or SEWCSFWBDTAAD for short.

Atrios has been using "Jenga" in PG-13 settings.

"The Utterly Predictable Consequence of Sustained Irrational Behavior on the Part of Millions of Americans, Abetted by a Lending System Motivated by Short-Term Profits with no Accountability for Long-Term Results"

...unfortunately lacks that required 'snap'. I'll just shorten it to:

"Sigh."

Depression II: Laissez Faire Boogaloo

Anonymous: Are you sure you wouldn't rather blame it on Jimmy Carter? He used to be good for years of amusing blame!

'Big Shitpile' deserves a wider currency.

'Wall Street Slagheap' might do.

Alan Greenspan's Salty Chocolate Balls

Just to be clear, I think both Jenga and Big S**tpile (I'm just so friggin' MSM I can't even bring myself to curse in a blog comment) are brilliant. I just don't think they'll ever make it into the history books. I'm looking for something somewhat less clever, but with staying power.

Although I do really like SEWCSFWBDTAAD.

Toxic Debt Disposal?

Mechanically Separated Mortgages?

(I like the latter, because the boiling and scraping of abattoir offcuts into cheap burger and patty meat resembles the selling of miracle home loans.)

The Mortgage Mudslide?

The SIV Sinkhole?

How about "The Money Bonfire of Aught Eight" or "Financial-buh-wha?!"

Hmmm, or perhaps The Great Financial Collapse of '07.

I like the "shitpile" idea with slight modifications: "Flaming Financial Shitpile".

Or anything that attaches George W. Bush's name to yet another fiasco.

In which it is discovered that imaginary money tends to stay imaginary no matter how many poor people you screw over.

Capitalism?

The Great Depreciation?

Big Bushpile

Georgie's Revenge

W's Oedipal Financial Avalanche

Bushheap

Bushie's House Afire

W's Heck of a job

George's Kitchen Wizard: The Total Slicer, Dicer, Grater, Shredder, Chopper, And Much Much More

George's Poopy Sandbox

Mortgage Mountain Mudslide

Foreclosure Exposure

The Dereliction Formerly Known as My Home

Shall I go on?

However, if I see any more references to Bush's "Financial Katrina," I want to see driftglass put some drifting corpses out with some fat bankers' pictures to shame it away.

Sub-prime sucker!!

I also like, "American scheme"!!

Why not call it "the credit crunch", which is a first order symptom, but a big one.

Pedantic: It's not "The Big Shitpile," it's "Big Shitpile" in what I've always assumed was a wry take on "Big Media," "Big Agri," etc.

This crisis has so many facets, it's difficult to find a fitting name that includes them all. But the same was true of "The Great Depression". So obviously, a generic name that gives a hint a the most important point is needed. And since both the housing bubble and its consequences are centering around investment quackery and the subsequent horrors, imho the best phrase is:

"The Great Investment Concussion"

Alternatively, "The Great Investment Shock" sounds fitting, too.

And if the situation becomes even more dire, this may lead to the "The Great Investment Collapse".
|-(

How about "Deep Voodoo"?

The Oughts' Naught Onslaught.

The Great Market Correction of '08.

The Financial Reality Check That Bounced.

The Great Repossession.

The Real Reason That The Bankruptcy Bill Was Passed In 2006.

I'd probably come up with more, but I'm working off 3 days of limited sleep over here.

I fully expect "Subprime Meltdown" to carry the day.

It only conveys one facet of the mess, but I've seen it in too many contexts to dismiss it.

"Housing Wealth Delusion"

The Great Regression

A Shitburger In Every Pot

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