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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.
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