13 June 2008

And the number one new word in the Oxford English Dicitonary is....

SUBPRIME (adj): "Of or designating a loan, typically having relatively unfavourable terms, made to a borrower who does not qualify for other loans because of a poor credit history or other circumstances; (also) designating such a borrower."

See also "disaster", "greed" and "runaway neo-liberal, free market capitalism".

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