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Entries from Gothamist tagged with 'rescueplan'

September 29, 2008

The NY Times had an interesting article about what one calls the $700 billion plan to help financial firms. The White House likes to call it a "rescue plan"--"Financial Rescue Legislation"--while the media has taken a liking to "bailout." (Mayor Bloomberg is also anti-"bailout the term".) But CNBC economics reporter Steve Liesman explained why bailout works, “You rescue the unwitting victims of a boat accident. You bail out an experienced captain who sailed knowingly into......

Continue Reading "Why Media Uses "Bailout," Not "Rescue Plan""

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