Michael Lewis, author of ‘Liar’s Poker’, says ‘war’ is about to happen over the rules of Wall Street
Wall Street’s biggest banks could be broken up by the U.S. Congress in the coming year in an eventual reckoning over the financial meltdown of 2008, “Liar’s Poker” author Michael Lewis said on Tuesday.
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Poker lingo:
- RAGS - Board cards that are small, not suited and not in sequence, e.g., 9-5-2. When "rags flop", it is unlikely that anyone has a good hand, except possibly the big blind in an unraised pot.
- LIVE BLIND - The last and largest blind bet may or may not be LIVE. If LIVE, the blind bettor has the option of "raising" his own blind in the event the bet is called around to him. This is normal, and is sometimes referred to as "blinds are live".
- OVERCALL - To call a bet after one or more players already called.
- FULL HOUSE - A hand consisting of 3-of-a-kind and a (different) pair.
- DOUBLE BELLY BUSTER - A two-way inside straight. E.g., 3-5-6-7-9.
- BLANK - Used in describing stud and Hold'em games. Refers to a dealt card that does not offer any value; stating the actual rank and suit would detract from a description of the hand. "The last card was a blank.".
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