With what is likely to be a historic bailout of the financial markets on the horizon, we’re going to admit that we’ve been sort of disappointed. Not because of the bailout provisions, mind you, which we’ve written plenty about. No, we’re referring to the nickname for this mess. The 1930s had the Great Depression, the late 1980s the Oil Patch crisis, and the late 80s even had Black Monday for a single bad day. This crisis makes the eighties look like a walk in the park. But yet, no name has surfaced and stuck. No nickname for the plan being devised by Congressional leaders in a harried attempt to prevent our very destruction seems to have really struck a chord. Is it the Mother of All Bailouts, perhaps, as Calculated Risk has been using? Or TARP, as in Troubled Asset Resolution Program? With all due deference, we humbly feel that a colleague has done one better. And this one, we hope, will stick. That good friend said that with lawmakers scrambling to establish a revised bailout proposal, a new name for the bailout might now be needed: the Congressional Rescue Action Plan. We’ll leave the acronym to HW readers to decipher.
So, what should we call it, anyway?
Most Popular Articles
Latest Articles
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
Learn how to generate a steady pipeline of real estate leads and clients in your area using this proven approach.
-
Zillow believes the evolution of the industry will only help it grow
-
All parties have settled the Sitzer/Burnett suit, so what’s next?
-
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
-
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
-
The unchanging