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.
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."
"The banksters crashed the economy, but thanks to generous federal bailouts, they won't have to sacrifice their fat bonuses."
by Dano2 February 15, 2010
Get the Bankster mug.To go back on one's word or actions. To break a promise or change one's mind, usually with little or no prior notice. To renege.
I called to confirm with Cheryl if we were still on for our lunch date, but she decided to backstep on me after I made the reservations.
by Who 'Dis? Who 'Dat? May 13, 2018
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the effect of hearing something which at first seems unappealing but then upon further review and repetitions, begins to seem pleasant
yo did u hear that new linkin park song?...yea man its trash....no man jus wait until the backstreet boys effect sets in.
by Burger King, Wizard of Oz July 14, 2006
Get the backstreet boys effect mug.Coming from the wrong side of the tracks, poor and uneducated, from a low socioeconomic group. This term (backstreet boy/girl) was around long before the band of the same name.
by Prismonic February 2, 2017
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A portmanteau or 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 portmanteau or 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
by Neil Ogism March 5, 2008
Get the bankster mug.When Morgan Wallen fucks your girl reverse cowgirl and she makes a backstroke movement with her arms while doing so.
Man, my girl got fucked by the mean man with the mullet. She said he gave her the hillbilly backstroke.
by Fogle johnson September 18, 2020
Get the Hillbilly Backstroke mug.1970's Term used for Anal Sex. Coined by John Holmes in a porn movie in the early 70's. Gays were often called Backstreet Guys.
by Doug Hightower September 29, 2005
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