Peggy Lee moment
 v. phr.— «Now we have the “Peggy Lee Moment.” I heard a reference to this last week on one of those television stations that feature a bunch of guys screaming at each other, and liked it so much I decided to steal it. Two of the biggest bond insurers lost their AAA ratings last week, and the reaction was so muted, I thought of the 1960s chanteuse’s song, “Is That All There Is?”» —“Ambac, MBIA Finally Have Their ‘Peggy Lee Moment'” by Joe Mysak June 10, 2008. (source: Double-Tongued Dictionary)

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