A fork of Rural Dictionary
phi-nan-shull teh-wō-wist noun 1. Any person or entity that knowingly and willingly distorts the financial markets and/or the economy at large for their own personal benefit or political benefit at the expense of a large body politic. Examples include:
The Primary Dealers The Federal Reserve Henry Paulson Ben Bernanke Henry Paulson Ben Bernanke Jon Corzine Bernie Madoff Lloyd Blankfein Kenneth Lay Timothy Geithner Bank of America Brian Moynihan Many US Senators Many members of US House of Representatives George Bush Barack Obama Bank of England European Central Bank Mario Monti Lucas Papademos and many, many more financial terrorists....
Financial Terrorists can be one person, group of people,small medium or large corporations that can get the government to not make laws or regulations to protect the general population from their greed and corruption
When Goldman-sachs prevented our government from regulating derivatives, and changed banking laws to under capitalize from leveraging savings from 1:4 to 1:40 or more, Goldman-sachs became "Financial Terrorists" against every non 1%er on earth. These monsters make loans to people, then bet against them, then raise the loan rate until the person defaults on the loan.
Any executive within the Banking, Mortgage or Insurance industries that, despite their own failed job performance, still believe they should be grossly over-compensated at the expense of stockholders, or more recently, taxpayers, via bailout monies.
Executives at AIG are a prime example of a Domestic Financial Terrorist (DFT's). After they run their company into the ground, they keep their job then pay themselves millions of taxpayer bailout money as a bonus. Also known as Poo-Flinging-Office-Monkeys.(No offense to monkeys, they likely would have done a better job running AIG).