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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| | |||
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. | 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. | ||
::—''Hamlet'', III, iv }} | ::—''Hamlet'', III, iv }} | ||
{{dpn|/pɛˈtɑːd/|n|}} | {{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''). | ||
Hence, ''to be hoist by one’s own ~'': to blow oneself up. Something that financial institutions are periodically prone | 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. | ||
{{sa}} | {{sa}} | ||
*[[Lucky]] | *[[Lucky]] | ||
*The first rule of [[Systemic Solvency Club]] | *The first rule of [[Systemic Solvency Club]] | ||
{{Ref}} | |||