Define banksterism - can't find it in my OED. Is it worse than union
thuggery, loan fraud, tax cheating or spouse abuse?
Your OED? What a laugh.
Bankster
A portmanteau of the words "banker" and "gangster." These are intergral
to the capitalist system. While the nightly news might have you believe
that young black and latino men with 9mm's are the biggest threat to
your life, banksters are far more dangerous. While a gangster might
steal your posessions with a knife or a gun, a bankster will steal your
possesiions with a pen, paper and "legal" (read "unjust") mumbo-jumbo
snakeoil bull****.
Bankster: Any member of the financial services industry; primarilly
interested with the welfare of the capitalist class and their lackeys.
Execs of banks who lined their own pockets first, when the economy was
starting to crumble, then foreclosed on small town america
A portmanteau of "banker" and "gangster", popularized by (among others)
the economist Murray N. Rothbard, used by him to attack what he held to
be the inherently fraudulent nature of Fractional-Reserve banking (as
opposed to 100% gold reserve banking, which he defended as the only
honest form of banking). Frequently used in reference to The Fed.
In more recent popular usage, often refers in a vague way to the forces
of "Wall Street", or to those persons in the financial services industry
who grow rich despite the continued impoverishment of those who depend
on their services, and despite their apparent inability to succeed in
business without constant government assistance.
"The Fed is an organized cartel of banksters, who are creating
inflation, ripping off the public, destroying the savings of the average
American."
"The banksters crashed the economy, but thanks to generous federal
bailouts, they won't have to sacrifice their fat bonuses."
Why am I still here?
Threaded Mode
