Assume They Know What an Acronym Is
I am reliably informed (though I cannot find it on the web) that Forbes yesterday and MSNBC today are both referring to the next
kleptocratic maneuverbank bailout bill as the Bank Asset Recovery Fund.
Anyone got the links?
UPDATE: Forbes link added.
UPDATE II: The consensus in comments appears to be that a Meredith Whitney report on the 29th may be the original source of the BARF acronym. Via Paul Kedrosky, FT Alphaville has an excerpt from her spot-on report of the issue with the BARF plan. The acronym is sadly missing from it, though commenter leftback chez Ritholtz claims to have been “ripped off.” (Think of it as having been mainstreamed, mate.)