Lame Duck

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Lame Duck

An ineffective trader who is in or near bankruptcy due to a series of bad trades, often over a long period of time. A lame duck has suffered heavy losses, not from a bear market or something similar, but simply due to his/her ineptitude. This is a slightly pejorative term that is most common in Europe.
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According to the survey, the most broadly supported item for action in the Lame Duck is approving spending bills, followed closely by the enactment of tax extenders and immigration reform and border control.
Michael Bopp, a Washington-based lawyer who represents the Coalition for Derivatives End-Users, says, "The Coalition is optimistic that the Senate will take up and pass our margin and centralized treasury unit bills during the lame duck session.
A great deal was accomplished in the lame duck session of 2010, in large part because Democrats and Republicans agreed to compromise.
McKechnie said industry lobbyists continue to work behind the scenes to build support for passage of the bill during the lame duck session; that controversy could be resolved so the combined measure could move forward.
Although immigration was an issue in many campaigns during the mid-term elections, the 109th Congress is unlikely to take up the issue of immigration reform during the lame duck session.
That's probably the only category the Lame Duck has a chance to win because its chances of taking the grand prize are pretty much hopeless.
Most recently, academics have responded to perceived abuses by lame duck Presidents by proposing restrictions on the President's powers during the lame duck period.
We want to make sure that Congress doesn't act like a drunk headed to rehab when it comes to earmarks during the lame duck, and take their last big drink before the 'earmark favor factory' closes for good.
This decision was not easy to execute as the majority of the Lame Duck players were unfamiliar with the concept of pulling a goalie, and the goalie himself did not understand the directive to head to the bench.
The Framework legislation, intended for consideration during the lame duck session following the November election, consist of four major elements:
The prospects for any continuation of the ECF in the lame duck session are uncertain.
The lame duck House and Senate recently agreed to put the Interior Department appropriations bill and 10 other key spending measures into the next session.