Felix Salmon

Metaphor watch, Buffett edition

Warren Buffett sure does love his metaphors. Here he is talking about mistakes being made in economic policy during the crisis:

Metaphor of the day, Hank Paulson edition


Hank Paulson has decided that the TARP repayment proves that the program “worked to stabilize our financial system”. Obviously, if you give people a bunch of money they don’t want, and then reluctantly accept that you’ll allow them to repay it, then you must have achieved something substantial, right?