But what you might not know is that language can actually turn poison into a gift.
The government's TARP plan was never a big hit with the public, based as it was on saddling the taxpayer with troubled, or "toxic" assets (which seems to me to be the very definition of "liabilities," not "assets," but whatever...). So what to do to make the next round more palatable?
These poison loans, poison because they have a low probability of ever being paid back, let alone making a profit for their lenders, and in desperate need of YOU taking over the payments, will hereafter be known as -- TA DA --
Isn't it beautiful? Now we have the added advantage of being reminded daily, hourly, that our skyrocketing tax bills, coming runaway inflation, and decreasing ability to get legitimate home loans is really just a way of giving a lovely gift to our children and posterity! Come on, folks, LEGACY! Who doesn't want to be in on that? You'd be downright unpatriotic and yes, anti-family, to be against legacies, right?
It's a stroke of genius!
Unfortunately you can put lipstick on a pig, but....
U.S. Treasury ‘White Paper’ on Buying ‘Legacy’ Assets
Meltdown 101: What are toxic assets?