Last modified on 7 February 2015, at 20:25

bankster

EnglishEdit

EtymologyEdit

Blend of banker and gangster

Judge Ferdinand Pecora has been credited with coining the term Bankster. In June 1933, his image appeared on the cover of Time magazine, seated at a US Senate table, a cigar in his mouth. Pecora’s hearings were said to have coined a new phrase, “banksters” for the finance “gangsters.” However, the word, with the same meaning, had appeared in the U.S. press at least a year and a half previous to that.

The term was later used by Léon Degrelle, Belgian fascist politician and journalist, in 1937 as a pejorative term for high financiers.

PronunciationEdit

NounEdit

bankster (plural banksters)

  1. (informal, derogatory) A banker who is seen as criminally irresponsible, or as extorting bailout money from the taxpayers.

TranslationsEdit

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