Judge Ferdinand Pecora: Bankster
on Monday, August 23, 2021Judge Ferdinand Pecora has been credited with coining the term “bankster.” In June 1933, his image appeared on the cover of Time magazine, seated at a US Senate table, a cigar in his mouth. Pecora’s hearings were said to have coined a new phrase, “banksters” for the finance “gangsters.”
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Money Words – Finance Neologisms