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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. [[MF Global]] has a similar effect, though there, memories fade. We are but mortal. | 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. [[MF Global]] has a similar effect, though there, memories fade. We are but mortal. | ||
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 {{t|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. | 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, [[Chicken-licken|the sky fell in]] on {{t|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. | 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. | ||