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go doughnuts

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)

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