THE George "W" BUSH FINANCIAL LEXICON
By WilliamBanzai7
Absquatulate- To disappear or get out of Dodge City
Alamo- The fall of Lehman
Ace-high ~ Highest rating agency score.
According to Hoyle ~ Regulatory requirements. Hoyle is the card playing dictionary.
A hog-killin' time ~A market bubble
A lick and a promise ~Private placement
Bad medicine-Bad market news
Big hat no cattle- Alan Greenspan
At sea ~ at a loss, not comprehending. "When it comes to finance, I am at sea."
Balled up ~ Confused investor.
Bail out-Bail out
Bandito- A short seller
Bang-up ~ first rate. Similar to "heck of a" "The SEC sure did a bang-up job."
Bartenders- Rating agencies
Bear sign ~ Cowboy term for financial trouble.
Beat the devil around the stump ~ to evade responsibility or a difficult task. "Quit beatin' the devil around the stump and bail that sucker out."
Bend an elbow ~Forcing a bank to accept bailout money
Bender ~ drunk. "Wall Street's off on another bender."
Best bib and tucker ~ your best pinstripes.
Big gun ~ A Central Banker "He's one of the Feds big buns."
Bilk ~ Fraudulent behavior
Bone orchard ~ Cratered deals.
Boot Hill- The United States Bankruptcy Court Southern District New York
Bunko artist ~ Quantitative engineer
Bushwack- Selling repos or getting votes
Buzzard food- Level 3 asset
By hook or crook ~ to do any way possible.
Calaboose ~ White collar correctional facility.
Catawamptiously-Thoroughly, utterly. Catawamptiously insolvent!
Cattle Baron--Private equity honcho
Cattle Kate-Female investment banker
Chucklehead-An AIG executive
Chinaman- One who is loaded with free cash
Chisel, chiseler ~ to cheat or swindle, a cheater.
Clean his/your plow ~ A good or bad trade
Coffee boiler ~ Jr Analyst
Copper a bet ~ Hedging or being prepared against loss. "I'm just coppering my position."
Come a cropper ~ come to ruin, fail, or fall heavily. "He had big plans to get rich, but it all come a cropper, when the bank failed."
Croaker ~ pessimist, doomsayer. "Nouriel Roubini is just an old croaker."
Crowbait ~ derogatory term for a poor-quality asset class.
Difficulty ~ euphimism for trouble, often the shootin' or otherwise violent kind. "He had to leave Wall Street on account of a difficulty with the SEC."
Deadbeat ~ Unemployed banker.
Dinero ~ from the Spanish, a word for money.
Don't care a continental ~ Don't give a damn about the EURO.
Down on ~ opposed to. "He is really down on cheap leverage."
Dragged out ~ fatigued, worn out.
Dreadful ~ very. "Oh, these CDOs are dreadfully lucrative."
Dry gulch ~ Short seller ambush.
Dude ~ an Easterner, or anyone in up-scale town clothes, rather than plain range-riding or work clothes.
Dude ranch- Bond conference
Eucher, euchered ~ to out-smart someone, to be outwitted or suckered into something. "We sure euchered that pension manager"
Fandango ~ from the Spanish, a big deal closing party with lots of dancing and excitement.
F Troop- The United States Securities Exchange Commission
Federales-Washington regulators
Fetch ~ bring, give. "Fetch me my blackberry."
Flannel mouth ~ an overly smooth or fancy talker, especially politicians or derivative salesmen. "I swear that banker is a flannel-mouthed liar."
Flush ~ prosperous, rich.
Fork over ~ pay out.
Four-flusher ~ a cheat, swindler, liar.
Friendlies- Gullible investors
Full as a tick ~ Irrationally exuberant.
Fuss ~ disturbance. "They had a little fuss at the FED."
Get it in the neck ~ get cheated, misled, bamboozled. Goldman gave it to AIG in the neck.
Get the mitten ~ to be rejected by a potential investor. "Looks like the Koreans gave poor Fuld the mitten."
Ghost Rider- Bull market investor
Go through the mill ~ gain trading experience. (Often the hard way.)
Gold Country- The Gulf States
The Good, the Bad and the Ugly- Goldman, Lehman, Bear Stearns
Hired Gun- Wall Street lawyer
Hole in the Wall Gang-Private equity fund managers
Hoosegow ~ jail.
Hot as a whorehouse on nickel night ~ volatile market
Is that a bluff, or do you mean it for real play? ~ Are you serious?
The Heckowy Tribe-AIG "Where the heck ah we?"
Hostile Indians-Mumbai short sellers
Jig is up ~ scheme/game is over, exposed. Loss of all market confidence
The "Hanging Judge"- Judge Rakoff
Let slide/ let drive/ let fly ~ go ahead, let go. "If you think you want trouble, then let fly."
Light (or lighting) a shuck ~ to get the hell out of here in a hurry. "I'm lightin' a shuck for Bermuda."
Loot- Bonuses
Lynch Mob- Angry shareholders.
Mudsill ~ low-life, thoroughly disreputable banker.
Nailed to the counter ~ proven a lie. That road show presentation is nailed to the counter.
Necktie social- Shareholder meeting
Nuclar weapon-Credit default swap
OK Coral- NY Federal Reserve Bank
Odd stick ~ eccentric person. "Judge Greenspan sure is an odd stick."
Of the first water ~ first class. "It's a security of the first water."
Outlaw- Errant banker
Passin the buck ~ What Wall Street CEOs all do.
Pay through the nose ~ Settle of a credit default swap counter party.
Peter out ~ Cheap market rallies peter out.
Pistolero- Short trade hedge fund guru.
Play to the gallery ~ to show off. "That's just how he is, always has to play to the gallery."
Plunder ~ personal belongings. "Pack your plunder, Joe, we're headin' for Cap D'Antibe."
Posse- An underwriting syndicate
Powerful ~ very. "He's a powerful rich man."
POW WOW- FRB meeting
Pull in your horns ~ back off a trading strategy.
Rake and scrape- Asset recovery in Chapter 11
Road agent- Distressed debt investor
Rodeo- A congressional hearing
Round up- Looking for white knight investors
Rich ~ amusing, funny, improbable. "Oh, that's a rich pitch!"
Ride shank's mare ~ to be laid off.
Riding shotgun-What Bernanke did for Paulson
Rob the bank- Borrow from the Fed
Roostered ~ drunk. "Looks like those Wall Street boys are all in there gettin' all roostered up."
Russling- Making a market
Russler- market maker
Scatter Gun- The TARP legislation
Seeing the elephant ~ Going to Wall Street or the City of London, where all the action is.
Sell your saddle- Resign from office
Scalping- Marking to market
Scoop in ~ trick, entice, inveigle. "He got scooped into a credit swap and lost his shirt."
Scuttlebutt ~ market rumors.
Shave tail ~ a green, inexperienced hedge fund trader.
Shoddy ~ poor quality paper.
Shoot, Luke, or give up the gun ~ poop or get off the pot, do it or quit talking about it. Come on Hank, shoot luke or give up the gun!
Shoot one's mouth off ~ talk nonsense, untruth. "Wilumstead was shootin' his mouth off and Paulson gave him a black eye."
Shove the queer ~ to pass securitized assets (CDOs).
Simon pure ~ the real thing, a genuine fact. "This market bust is Simon pure."
Sitting "Bull"- Richard Fuld
Skedaddle ~ run like hell.
Smoke the Pipe- Listen to a lecture on self regulation and free markets
Snake oil salesman- Seasoned investment banker
Stage Coach- Limo service
Stampede-A market run
Stand the gaff ~ take punishment in good spirit. "Wall Street bankers can't really stand the gaff."
Stumped ~ confused. I'm stumped!
Sun up-Market open
Sun down-Market close
Superintend ~ oversee, supervise. "He just likes to superintend everything."
Take French leave ~ to desert, sneak off without permission.
Take the rag off ~ surpass, beat all. "Well, good old Warren knows how to take the rag off the bush."
The Old States ~ back East.
The whole kit and caboodle ~ the entire company.
The Unforgiven- Enron
Throw up the sponge ~ File Chapter 11 petition
Tombstone-An announcement
The Undertaker- Harvey Miller- Undisputed dean of the bankruptcy bar, currently represents Lehman
Up the spout ~ gone to waste/ruin. The bank's capital went up the spout.
Wake up/Woke up the wrong passenger ~ to trouble or anger an activist investor.
Wampum- Money
Workin the utter-Interview with Maria Bartiromo
The Wild Bunch-Hedge fund managers
Wind up ~ settle. "Let's wind up this business and go home."
Wyatt Erp- Elliot Spitzer
Yammerin- Talking to investors at a roadshow
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