New Post (108) : From Gangsters to Banksters.
1. A few interesting interpretations of the word "bankster" as sourced from the web:
A blend word derived from combining "banker" and "gangster." Usually referred to in the plural form "banksters" to refer to a predatory element within the financial services industry, such as those offering "too good to be true" adjustable mortgage rates for home buyers
A hybrid of the words "banker" and "gangster." These are integral to the capitalist system. While a gangster might steal your possessions with a knife or a gun, a bankster will steal your possessions with a pen, paper and "legal" (read as "unjust") fine print.
A bankster is a member of the financial services industry, primarily interested with the welfare of the capitalist class and their lackeys.
A blending of "banker" and "gangster", used to characterize the inherently fraudulent nature of Fractional-Reserve banking (as opposed to 100% gold reserve backed banking, which is the only honest form of banking).
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. Bail outs ?
Small actions by some "artists" , big crashes for "all" & sundry !
2. An alternate view from a highly venerated banker:
http://www.acus.org/new_atlanticist/ackermann-we-stand-crossroads
Charlie Brown
