good bank/bad bank
n.— «American International Group (AIG): NY Posts reports that AIG is considering forming a separate company to hold billions in securities that have dogged its balance sheet for the past several quarters. According to sources familiar with the matter, AIG is working with JPMorgan Chase to arrange what is known in Wall Street lingo as a “good bank/bad bank,” or in AIG’s case a “good insurer/bad insurer,” structure, according to the article. S&P keeps hold.» —“Movers: AIG, Wal-Mart, Boeing, Ciena, Hovnanian” BusinessWeek Sept. 4, 2008. (source: Double-Tongued Dictionary)
Further reading
A listener adds to our collection of slang used by RV enthusiasts. When she’s not in her sticks and bricks–that is, her brick-and-mortar home in Michigan–she’s driving around in her motor home chasing 70, which in the RV community means “trying to...
When your server brings food to the table and inquires as to who ordered which dish, that’s informally known in the restaurant biz as auctioning. If your meal is delayed because the person who took your order forgot about it, that’s called a...