by esmith512 January 30, 2008
Fucked Borrower. Very widely used in real estate blogs and informal circles. Refers to a formerly credit-rich but resource-strapped consumer who's collateral, savings, and foreseeable future income are below the value and terms of a loan they cannot sustain, refinance, or renegotiate. FB's face a bleak future of certain losses, and nearly certain bankruptcy, credit destruction, and long term cascading/follow-on financial and opportunity losses.
All those FBs and their greedy idiot lenders who bought houses with 100% down NINJA adjustable-rate mortgages in the so-called housing boom are dropping like flies!
by esmith512 January 10, 2008
A physical vertical grouping of Mac Mini computers and peripherals. So named because some peripherals for the Mac Mini are designed to stack above or below the Mini and the shapes of the cases suggest vertical arrangements for convenience and good use of space.
by esmith512 September 23, 2007
A recent type of mortgages given to those with no apparent means and little to no chance of rendering repayment. NINJA is an acronym referring to the borrower as having No Income No Job or Assets.
The housing bubble was greatly helped by financially suicidal bankers issuing NINJA loans like candy to anyone who could fog a mirror!
by esmith512 January 16, 2008
by esmith512 November 27, 2007
A word widely coined in journalistic circles to describe the mutually opposite words and actions over time, redefinition of various terms into their opposites, and generally confusingly self-contradictory behavior of the Bush Administration. Derived from Bizarro and Bizarroworld.
In Bushzarro world, up is down, white is black, mass murder is democracy, truthiness is lies, left is right, and right is wrong.
by esmith512 January 15, 2008
A Chinese-manufactured MP3/MP4 player with a case and form factor generally to closely resembling one or more models of Apple's iPod. ChiPods are generally a fraction of the cost of Apple's iPod, have generally equivalent but inferior implementations of iPod functionality, don't accept Apple-proprietary formats, and often include supersets of iPod features like larger screens, additional audio processing features, audio recording, additional data formats, and FM radios. However, chiPods are very rarely connector-compatible with iPods and won't attach to iPod docks, opting to instead use industry-standard interfaces. (Notably, Apple's iPods are also Chinese-made--a chiPod is a player which visually bears some resemblance to an iPod.)
I just got several chiPods today. Some of them look a lot like iPods, they aren't as cool to use, but work fine.
by esmith512 November 23, 2007