A New Phrase

I love new words and phrases. Here's one I found in the NYT today:

"tassel-loafed failures"

As in:

As with the $700 billion bailout that Bush insisted had to be given to the very bankers, insurance companies and other tassel-loafed failures who got us into the economic meltdown ....

What an evocative term - roll it around in your mouth: tassel-loafed failure.

is it my imagination, or is contempt for the financial management class rising?

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