Wednesday, December 10, 2008

Doublespeak ?

Here are some phrases (approximate quotes) from legislative hearings on the plight of the financial sector:

We are still in a policy process.
We need a paradigm shift.
...using a protocol similar to ours.
...regulatory arbitrage
(We) need more even regulations across a wider range of institutions
(We need) a hightened supervisory process

Oh how the verbally skilled can dazzle Congress.

No comments: