Dear Hyla: I don't see much difference between acronym and initialization. What would you call "Fed" for Greenspan's outfit, or "FannieMae" for another federal entity? I used to see "GeeHaw" for a (?) federal insurance program, explication for which I can no longer recall.

I also am unhappy with seeing acronyms given as the way they are pronounced as above. At least nobody tried to pronounce IITYWYBMAD