4 definitions by AmadeusDevereux

Top Definition
The term 'dukes of moral hazard' describes any leaders of organisations who are ultimately sheltered from their risk-taking by being given support from a lender of last resort when everything goes completely wrong.

It may or may not become a TV show satirising contemporary finance where people get into cars through the window as they did in "The Dukes of Hazzard".
Did you see the Dukes of Moral Hazard last night? They bailed into their cars through the windows again!
by AmadeusDevereux June 23, 2011

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A Ponzie is the central architect of any Ponzi scheme, either historically or one in the present moment.

A Ponzie is similar in some respects to Fonzie (aka the Fonz) from the show "Happy Days" apart from the fact that he isn't called Fonzie, isn't in the show "Happy Days" and is, instead, running a fraudulent system of fictional finance.
That Ponzie just madoff with all the money.
by AmadeusDevereux June 23, 2011

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A gallbraith is a sharp pain in the gall-bladder experienced by somebody reading some of the work of J.K.Galbraith who suddenly realises that what he was saying a long time ago about economic bubbles is still achingly relevant today, thus raising profound questions about the ability of human beings to learn lessons from past experiences.
"Ouch! Brad, I just experienced a massive gallbraith when I realised that contemporary financial innovation involves a debt leveraged against more limited assets, just like it did in the past!"

"Gosh! Hermann, it just occurred to me that one of the problems in the rise of a bubble is that the people who see it coming are treated as imbeciles as a result of the Cassandra effect! What a massive gallbraith!"

Ludovic woke up on 1st October 2007 and had a full-force gallbraith when he realised that everybody was about to start blaming marginal things outside the market for the failures of the market itself.
by AmadeusDevereux June 18, 2011

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'Malooka' is a word shrouded in mystery. Some sources date it back to the Florentine city state in the 15th century - it figures in graffiti from that era where local political figures and luminaries are often defined as being 'monstrous malookas'.

The word then went very quiet for centuries before suddenly appearing in some of the language used by prospectors during the Australian Gold Rush. Apparently it meant 'word taken from an indigenous language which then becomes a worldwide pop sensation'. So for example, a kylie is a malooka (kylie being Aboriginal for ''boomerang') since it was then adopted by the Minogue parents when they sired their elder chanteuse.

'Malooka' is also used by contemporary British artists who I can't name here as a synonym for 'kit and kaboodle'.
I took a malooka from the ancient Etruscan language when I named my daughter 'Clementianaisaana" whcih meant, in Etruscan, 'gilded lily'.
by AmadeusDevereux June 17, 2011

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