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Published on Sep 16, 2007
Steely Dan hit off Katy Lied (1975), featuring photos of Wall Street's unusual suspects and certain of the nation's other fixer fixtures.
Answering those who have questioned relation of this mash to the first "Black Friday", from a Steely Fan site:
Brian Sweet reports, "In US history the first real Black Friday occurred on September 24, 1869, a day of panic in the securities market which was repeated nine years later. The term is often used on both sides of the Atlantic for any day of crisis, financial or otherwise, but there is no evidence to suggest that Becker and Fagen were referring to any particular occasion. They had simply used their collective imaginations to create a fictitious incident. "Becker and Fagen's tale is of a crooked speculator who makes his fortune and absconds to Australia with the proceeds to live in the lap of luxury and seek forgiveness for his sins.... They chose Muswellbrook, a town in New South Wales, Australia, for the lyrics of the tune. 'It was the place most far away from LA we could think of,' explained Fagen... and, of course, it fitted the metre of the song and rhymed with 'book.' "