The Financial Bailout Fiasco

Definition: "a rescue from financial distress"

(AP) — Everyone seems to want one, but apparently a lot of Americans aren't sure what exactly a "bailout" is.

The word, which shot to prominence amid the financial meltdown, was looked up so often at Merriam-Webster's online dictionary site that the publisher says "bailout" was an easy choice for its 2008 Word of the Year. ....
But none topped "bailout," a seemingly simple word that suddenly took on $700 billion worth of importance in September — and prompted hundreds of thousands of online lookups within just a few weeks.

How big was "bailout," etymologically speaking? While Congress was considering the enormous financial industry rescue package this fall, searches for "bailout" eclipsed perennial puzzlers like "irony" and the bedeviling duo of "affect" and "effect."

So how does Merriam-Webster define "bailout"? As "a rescue from financial distress." But Morse says those who looked it up also seemed to want to know whether it had negative nuances or suggested irresponsibility or blame.
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