Monday, November 24, 2008
The Bailout's Contribution to our lexicon
Like many crises before, The Bailout has spawned it's own crisis-related term: "too-big-to-fail." Like "hanging chads" and "Watergate", a new phrase has entered the lexicon. It may become overused, like "the perfect storm", now used to describe almost any and every confluence of circumstances. Or it may be truncated to fit other situations such as, "-gate". For example, this fall Sarah Palin was involved in a potential issue dubbed 'troopergate'. I can only imagine how 'too-big-to-fail' will be used in the future to excuse all kinds of excessive behavior.
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