April 16, 2010

Obscuring Negligence and Crime

[From article]
"This is where famous and important people being grilled hide now: in boringness, in an opacity of language so thick that following them is actually impossible.
[. . .]
“Language served a different purpose inside the bond market than it did in the outside world. Bond market terminology was designed less to convey meaning than to bewilder outsiders. . .
[. . .]
“The subprime mortgage market had a special talent for obscuring what needed to be clarified.”

http://www.peggynoonan.com/



After the Crash, a Crashing Bore
The men behind the bailout take refuge in impenetrable jargon.
Peggy Noonan
The Wall Street Journal
April 9, 2010

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