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“If that's what I meant I wouldn't have put it that way”

Years ago at our weekly management meeting I told the managers that the President of a large Bank was coming to see me. My VP of Operations said "That bank can't have much going on" so  I gave him a quizzical look and said "Really? Why do you say that"? I could see the wheels turning in his head as he tried to remove his foot from his mouth, and what came out was a classic: “If that's what I meant I wouldn't have put it that way”. We never let him forget it.