tarp v.— Note: From TARP, the Troubled Assets Relief Program, intended to aid American financial institutions in jeopardy. «Bank of America has been “tarped” (a new verb), like AIG, but not as much. Only $45 billion was handed...
take under n.— «The rumor turned out to be wrong, as rumors often do. But this one even had an exact price: Lehman would be sold for $15 a share, traders buzzed all afternoon, in what would amount to a “take under”—Wall Street parlance...
fat tail n.— «Finance is about numbers, and some numerical analysis will always be needed to see trends and plan investment strategies. But there are limits to numerical jugglery, and this is the underlying message of the current round of...
mattressing n.— «In the leaked testimony, Mr Kerviel even spoke of a technique called “mattressing,” the term used by other traders and managers at the bank to hide their results.» —“Custom and practice, or a man with a lot to...
tape bomb n.— «Wall Street traders like to call unexpected news events “tape bombs.” The terminology presumably dates back to the days when the physical flow of ticker tape delivered the latest ups and downs of stock price...