Dictionary, Please: Wall Street's Wallison Doubles Down on Doublespeak

Richard Eskow
HuffPost

Peter J. Wallison has a bright future...as a surrealist author. He and the other Republicans on the Financial Crisis Inquiry Commission tried to undermine that group's work by attempting to ban phrases like "Wall Street" from its final report. Now he's trying to rebut news reports about their behavior. His response is a brilliant example of what might be called "uninentional literature," a hallucinogenic mashup of Lewis Carroll and George Orwell that belongs on everyone's shelf.

News reports said that Wallison and his fellow Republicans on the Commission also wanted to ban the words "shadow banking," "interconnection," and "deregulation" from a report on the Great Recession and its causes. That's like banning the phrase "plastic surgery" from a story about the Kardashians.

Not true, insists Wallison. "Only in the fever-swamps of the left could anyone believe that," he writes. For example, Wallison says he and his colleagues merely objected to the Commission's use of "Wall Street" as "a general term for the financial system." Wallison says it's unacceptable, politically motivated, and imprecise to use the phrase "Wall Street" as if it referred to the controlling financial interests of the United States.

Wall Street: n. The controlling financial interests of the United States. - American Heritage Dictionary

(Original here.)