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{{a|devil|{{image|petard bomb|jpg|Archegos risk management yesterday.}}}}
{{a|devil|{{image|petard bomb|jpg|Archegos risk management yesterday.}}}}{{quote|
{{quote:HAMLET: ''Let it work, <br>
Let it work, <br>For ’tis the sport to have the enginer <br>Hoist with his own petard; and ’t shall go hard <br>But I will delve one yard below their mines <br>And blow them at the moon.
For ’tis the sport to have the enginer <br>
::—''Hamlet'', III, iv }}
Hoist with his own petard; and ’t shall go hard <br>
But I will delve one yard below their mines <br>
And blow them at the moon.'' }}


{{dpn|/pɛˈtɑːd/|n|}}''From French'': a small bomb comprising a box filled with powder, used to blast down a door or to make a hole in a wall. A squib; a firecracker. If it goes off it will frighten the bejesus out of the financial analyst community and may cause a bank run.  
{{dpn|/pɛˈtɑːd/|n|}}A small bomb, comprising a box filled with powder, used to blast down a door or to make a hole in a wall. A squib; a firecracker. (''From the French pétard'').


Note, to hoist something is to blow it up, not to raise it.
Hence, ''to be hoist''<ref>Note: “hoist” here means to be thrown into the air, rather than raised by some kind of winch.</ref> ''by one’s own ~'': to blow oneself up. Something that financial institutions are periodically prone: if a little bomb goes off on your balance-sheeet will frighten the bejesus out of the financial analyst community and may cause a bank run.  
 
Hence, ''to be hoist by one’s own ~'': to blow oneself up. Something that financial institutions are periodically prone.


{{sa}}
{{sa}}
*[[Lucky]]
*[[Lucky]]
*The first rule of [[Systemic Solvency Club]]
*The first rule of [[Systemic Solvency Club]]
{{Ref}}

Latest revision as of 12:35, 3 April 2023

Archegos risk management yesterday.
In which the curmudgeonly old sod puts the world to rights.
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Let it work,
For ’tis the sport to have the enginer
Hoist with his own petard; and ’t shall go hard
But I will delve one yard below their mines
And blow them at the moon.

Hamlet, III, iv

Petard
/pɛˈtɑːd/ (n.)
A small bomb, comprising a box filled with powder, used to blast down a door or to make a hole in a wall. A squib; a firecracker. (From the French pétard).

Hence, to be hoist[1] by one’s own ~: to blow oneself up. Something that financial institutions are periodically prone: if a little bomb goes off on your balance-sheeet will frighten the bejesus out of the financial analyst community and may cause a bank run.

See also

References

  1. Note: “hoist” here means to be thrown into the air, rather than raised by some kind of winch.