Lawsuits, poker and the death of a boutique bank
In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.
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Poker slang:
- POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.
- PAT - Holding or being dealt a pat hand. "I'm pat" would mean "I don't want to draw any cards.
- SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
- UNDERDOG - Before all the cards are dealt, a hand that does not figure to be the winner. Ant: FAVORITE.
- STRING BET - An unethical and often illegal means of raising whereby a player puts a call-size stack of chips into the pot and, after observing the reactions of the players, then goes back to his stack and puts out more, thus raising.
- TRIP - Three of a specific kind, as in "Trip sixes".
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