I have just coined a word that was found within a radio host's utterance. I heard two words slurred together (probably not the two you think, though), and found a new word! It's a timely word, and hopefully someone will guess what I mean really fast, or I guess it dies here! Here's the word:
greediots
Anyone want to take a stab at it?!? :0)
Yeah, kinda sorta mostly...! :0)
dull, avaricious politicians?
People who let greed overcome their natural sense, resulting in destroying the system they were using to get rich. A specific example would be the people who loaned out money to people who couldn't pay it back and then sold those loans to financial institutions that bundled them and sold them to other financial institutions.
BINGO! Also includes the people who panic and sell everything they have, thereby causing further and more widespread damage. You win the prize... ;0)
BINGO! You win the prize... ;0)
Greenspan conceded that he put too much faith in the enlightened bit of "enlightened self-interest." it sounds like those who shook hius faith in his laissez-faire philosophy might fit the description of greediots:
http://www.nytimes.com/2008/10/24/business/economy/24panel.html
The greediots were the subject of
this episode of
This American Life.
It's is a pdf.