In the Category of “Pithiest Treatment of Paulson’s Bailout Proposal,” the Winner Is…

The Wall Street Journal! Per the paper’s analysis of the Bush administration’s proposed $700 billion mortgage buyout plan, currently under review in Congress: “The debate could expose a peculiar irony in the government’s rescue planning, because taxpayers are now both creditors and debtors in the housing mess.”

Both creditors and debtors. Peculiar irony, indeed.

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Megan Garber is an assistant editor at the Nieman Journalism Lab at Harvard University. She was formerly a CJR staff writer.