Definitions For Bankster

Noun

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

Translations

French: bankster, m German: Bankster, m Polish: bankster, m

Etymology

banker, gangster Judge w:ferdinand pecora, 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 w:léon degrelle, léon degrelle, Belgian fascist politician and journalist, in 1937 as a pejorative term for high financiers.