Word: asses
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Dates: during 1990-1999
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Leeson certainly had the quickness to rise at Barings at a time when a "bite the ass of a bull-every day" attitude-as a British securities executive describes it-was beginning to infect the bank's stiff and cautious culture. In the early '90s, the London headquarters of Barings was struggling with the division that championed derivatives-financial instruments that use the public's massive bet on securities to create a parallel universe of side bets, some straightforward (like futures) and others arcane (like swaptions). Derivatives helped the Tokyo unit make huge amounts of money-the kind of money...
...Your agency is responsible for screwing up this sweepstakes. Soon as the debacle hits, your stock plummets. Mom and Dad lose millions in paper profits they've never had a chance to enjoy. Then your big shareholders will sue your ass, my brother, and you will lose. You gambled the value of the company on the faulty data-security built into your set-top box, and you as a corporate officer are personally responsible for the losses...
Eynon: We opened up a can of whoop ass tonight...
Remember the urban legend in which the response "Why not?" to the philosophical query "Why?" earned some smart-ass an A? When someone attacks you with the ridiculous question, "Why fashion?", do as I do and quip back the correct three-word response: "Why not, darling...
Whoever produce d this maudlin and hideous ass emblage deserves t o be condemned. Please step for ward now and take the b lame...