Yahoo asks, "did David Bowie cause the credit crunch?" by suggesting that banks took the idea of securitisation – bundling rights to payment and selling them on – from him, after his Bowie bonds in 1997
As my regular reader will know the answer is "no", given that Steven Schwarz was writing about asset securitisation and its alchemy, at least 3 years before that.
However, it does beg a question – which celebrity is responsible for the economic armageddon. The contenders are Reg Varney (first man to encourage easy access to finance through his pioneering use of the ATM) or David Bowie (the man who popularised securitisation)? Or Bono – for services to hats?