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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. | 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. | ||
Similarly, opposing [[Magic circle law firm|counsel]] will resist any stroke of your pen against their mangled syntax on the unelucidated pretext that they “lived through the [[Lehman]] administration” — let’s face facts, campers: the Lehman collapse was hardly some prisoner-of-war chain-gang on Burma railway for our learned friends — and therefore we must state in [[legal triplicate]]s the obvious truism that [[Time is of the essence|time being of the essence]] [[shall]] not vitiate [[applicable]] contractual [[grace period]]s, and under no circumstances could one countenance an appeal to the common sense, pragmatism or basic skills of in formal logic of those on the bench to see that through. | |||
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. |