Following hot on the heels of the recent collapse of Fannie Mae and Freddie Mac, the UK's Maggie May has now also collapsed.
Rod Stewart, speaking from his Dulwich hairdresser, who, incidentally, was a winner of the USA Annual Blind Hairdresser of the Year Award 1947, has confirmed that Maggie May has indeed crashed. He said:
"Since being released in 1971, Maggie May has done very well, earning a fortune on the back of a very modest investment. However, with the advent of Garage, Hip Hop, Rap, Thrash Metal, Grunge and Girls Aloud, she has struggled to give further return on investment, despite the number of notes originally pumped in.
"Maggie May was responsible in the 1980's for a flat in London, which is how most of my songs are sung - that is, in a flat, and not in a residential building in London.
"I hope that once the market recovers, Maggie May can continue, through greatest hits, cover versions and iTuneless downloads to once more increase the economy of my bank account and provide for me and the current Mrs Stewart, whoever she may be at the time of writing."
Leading musician Andrew Preview said: "There are two ways to dislike music. One is to not like music. The other is to listen to Rod Stewart."