Sunday, July 13, 2008

Malapropism of the Day

I didn't expect to get a laugh out of an article about the Fed and Treasury attempting to calm fears about the big GSEs (AP: "US spells out Fannie-Freddie backstop plan"), but I did when I got to the second paragraph below:

A senior Treasury official said any increase in the line of credit — now at $2.25 billion for each company_ would be at the Treasury secretary's discretion. The same would apply to any equity investment made by the government.

The official, who spoke on condition of animosity, also sought to send a calming message about Fannie's and Freddie's financial shape, saying: "There's been no deterioration of the situation since Friday."

2 comments:

cherylinhackensack said...

very funny stuff. what's the deal with indymac?


hope all is well

DaveinHackensack said...

It is pretty funny. Apparently no one else thinks so though.

Chuck Schumer says the run on Indymac isn't his fault.

Say hi to the monkeys for me.