Re: [Pen-l] Re: financial melt-down

["Jim Devine" <jdevine03@xxxxxxxxx>]

yes, definitions matter, as when one calls torture "emphatic
interrogation" or "suboptimal prisoner maintenance" or whatever term
the Bushwackers can come up with. But this is not one of those cases.
There's no ideological content in calling -- or not calling -- GMAC a
"bank."

of course, as far as the FDIC is concerned, GMAC isn't a bank.

On Thu, Sep 18, 2008 at 11:53 AM, Sabri Oncu <sabri.oncu@xxxxxxxxx> wrote:
> Jim:
>
>> the debate about whether GMAC can be called a bank or not is only
>> about definitions.
>
> True! But, some times, definitions matter, don't they? I used to say
> "names and labels are not important, facts are" back in my days of
> teaching calculus, but learned the hard way after I became a product
> manager of some financial software that some times "names and labels"
> are important.
>
> Sabri
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-- 
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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