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So I’m in the bathroom of a convenience store in Gettysburg, Pa., when I notice the condom dispenser. Only it’s not labeled as such. The sign reads: “Health Care Convenience Center.” Alas, my camera phone was in the car so I can’t provide visual evidence.

Nonetheless, it’s good to see that people outside Washington and Manhattan have been polishing their euphemisms. Lord knows we’ll be seeing plenty today as the House takes up a financial bailout and vice presidential candidates clash in St. Louis


In the fast-moving blur that our financial sector has become,  I vaguely recall the argument that taxpayers (or Asian creditors) could someday turn a profit on the “distressed assets” they’ll be purchasing in a few week;

Still, I’m a bit skeptical. I should note that I haven’t heard this claim in the political posturing that has passed for Congressional debate the last few days. (I wonder how many pols are willing to put their principled free-market stands through the risk of a real-world test. Very few, which is why we’re more likely to end up with a package that includes tax rebates for you and me.) But we may hear it again, so it’s worth dissecting, however briefly. If there is a profit to be made from these assets, why don’t the companies keep them or why doesn’t some enterprising private-sector investor snatch them up?

I’ll be waiting for the answer.