{"id":413,"date":"2008-09-18T06:34:12","date_gmt":"2008-09-18T06:34:12","guid":{"rendered":"http:\/\/shekharkapur.com\/newblog\/?p=413"},"modified":"2008-09-18T06:34:12","modified_gmt":"2008-09-18T06:34:12","slug":"lehman-merryl-lynch-and-the-crap-card-game","status":"publish","type":"post","link":"https:\/\/shekharkapur.com\/blog\/2008\/09\/lehman-merryl-lynch-and-the-crap-card-game\/","title":{"rendered":"Lehman, Merryl Lynch and the crap card game"},"content":{"rendered":"<p>I remember playing three card brag, where no one was sure of their cards or strategy, and so everyone played blind.  The stakes got higher. And yet the &#8216;bank&#8217; got richer, and the players, too afraid to now open their cards just n case, decided to keep bluffing their way through, and kept adding complex sets of rules and dealing new cards with new rules.  By now it looked less and less a game of chance for the new rules gave it an illusion of structured control.  And by now no one really wanted to look at each others cards, or their own, for no one could afford to lose. The game was the tiger they hoped they would never would have to get off. Till one had no choice &#8211; or lost faith.  To find that no one had any cards to speak off &#8211;<br \/>\nThis reminds me of what is happening with Lehmann, AIG, Merrill Lynch, Fannie and May, Freddie Mac etc &#8211; one great card game that no one thought would end.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I remember playing three card brag, where no one was sure of their cards or strategy, and so everyone played blind. The stakes got higher. And yet the &#8216;bank&#8217; got richer, and the players, too afraid to now open their cards just n case, decided to keep bluffing their way through, and kept adding complex [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-413","post","type-post","status-publish","format-standard","hentry","category-current-events"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lehman, Merryl Lynch and the crap card game - Shekhar Kapur<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shekharkapur.com\/blog\/2008\/09\/lehman-merryl-lynch-and-the-crap-card-game\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lehman, Merryl Lynch and the crap card game - Shekhar Kapur\" \/>\n<meta property=\"og:description\" content=\"I remember playing three card brag, where no one was sure of their cards or strategy, and so everyone played blind. 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