A Plea

Please can the punditosphere stop referring to the mortgage-freeze plan as

a "bailout"? As Edmund

Andrews says in his first sentence on the front page of the NYT today, it

isn’t. The FHA’s FHASecure

plan, which has existed for ages, might conceivably be considered a bailout.

This one involves no government money or government guarantees, and there’s

no transfer of funds from the taxpayer to anybody at all. So it’s not a bailout.

Thank you.

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