go doughnuts
v. phr.— «In bailing out Countrywide Financial, the Bank of America CEO might have spared the kind of worst-case meltdown the market has been fearing for months. “This was good for the financial system,” is how one of the people involved in the transaction put it. Had Countrywide “gone doughnuts” in Street parlance, it would have touched off a wave of dangerous defaults that could have pulled down the overall economy, this person explained.» —“http://online.wsj.com/article/SB120036088142590087.html?mod=googlenews_wsj” by Dennis K. Berman Wall Street Journal Jan. 15, 2008. (source: Double-Tongued Dictionary)
Further reading
Jill from Greenville, South Carolina, wants to know why pickle automatically means “pickled cucumber,” as opposed to other pickled vegetables, such as onions and carrots. The answer has to do with prototypicality, the cultural agreement that one...
The word budget derives from French bougette, “leather bag.” An old phrase in English to open one’s budget, meant “to speak one’s mind.” The word purse is related to French bourse, a word for the stock market. This is part of a complete episode...