Peggy Lee moment
v. phr.β Β«Now we have the “Peggy Lee Moment.” I heard a reference to this last week on one of those television stations that feature a bunch of guys screaming at each other, and liked it so much I decided to steal it. Two of the biggest bond insurers lost their AAA ratings last week, and the reaction was so muted, I thought of the 1960s chanteuseβs song, “Is That All There Is?”Β» ββAmbac, MBIA Finally Have Their βPeggy Lee Moment'” by Joe Mysak Bloomberg.com June 10, 2008. (source: Double-Tongued Dictionary)