Tuesday, November 08, 2005
Creative use of language
Modern language usage never ceases to amuse me. Check out this gem from KYW News in Philadelphia.
The next governor will face the issue of how to pay for road and mass transit projects, since the transportation trust fund is going broke.
Corzine says he would use a simple financial concept to find the money -- "securitize" the tolls:
"That's pledging the tolls from the parkway and the turnpike for borrowing."
Mr. Corzine, thank you for defining "securitize." Webster's was not helpful.
The next governor will face the issue of how to pay for road and mass transit projects, since the transportation trust fund is going broke.
Corzine says he would use a simple financial concept to find the money -- "securitize" the tolls:
"That's pledging the tolls from the parkway and the turnpike for borrowing."
Mr. Corzine, thank you for defining "securitize." Webster's was not helpful.
# posted by Gorgius Vegetius : 1:54 PM
