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Lehman: Difference between revisions
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Actually, Lehman ''is'' a thing, and it drifts on like [[nosferatu]], the un-dead, still spreading its influence over everything we do in a way that its bodily manifestation in life was plainly unable to. | Actually, Lehman ''is'' a thing, and it drifts on like [[nosferatu]], the un-dead, still spreading its influence over everything we do in a way that its bodily manifestation in life was plainly unable to. | ||
For [[Lehman]] is a [[risk controller]]’s [[magic incantation]] — a [[hex]], a [[horcrux]], a way of killing lively debate stone dead in its tracks. For any new initiative, any pragmatic proposal to do things in a smarter way, can be derailed by oblique reference to the sad demise of Lehman brothers, however irrelevant it may be. | For [[Lehman]] is a [[risk controller]]’s [[magic incantation]] — a [[hex]], a [[horcrux]], a way of killing lively debate stone dead in its tracks. For any new initiative, any pragmatic proposal to do things in a smarter way, can be derailed by oblique reference to the sad demise of Lehman brothers, however irrelevant it may be. For, as we all know, the sky fell in on Lehman’s head because it tried to standardize its business and create robust operational flows that didn't involve [[credit]] sitting on [[cross default]] escalations for three weeks. | ||
Had only its [[credit]] team been allowed to vacillate nervously for weeks upon end about whether to waive {{isdaprov|Credit Event Upon Merger}} for [[Hedge fund]] clients, [[Lehman]] might still be with us today. | |||
{{seealso}} | {{seealso}} | ||
*[[MF Global]] | *[[MF Global]] | ||
*[[Nosferatu]] | *[[Nosferatu]] | ||
*[[Chicken Licken]] | |||
{{egg}} | {{egg}} | ||