London - (Recession Mess): A glittering diamond wedding anniversary celebration for the Puppet Monarch has been cancelled suddenly after the hosts went bust in a massive Bush hedge fund bomb.
London-based Pentagon Capital Management has been reported to have gone down for its entire $2bn portfolio after the SEC began probing it about connections to a French rogue trader called Nicholas Sarkozy.
The Ritz Hotel party hosts are now facing bankruptcy and repossession after a domino-effect fallout from other hedge fund disasters including Peloton Partners, Focus Capital and the Carlyle Capital Corporation.
"Hedge funds are a cunning Bush-era tool to cream off investment capital from a wide array of crack dealers' nest eggs," a City spokesman said today.
"We think Old Fatty Mountbatten & Co have have taken a 95% hit on their own savings.
"All that bling at the French state banquet?
"Paste. The real stuff was hocked decades ago."
