The Federal Deposit Insurance Corporation (FDIC) was created in 1933 to guarantee the safety of deposits in member banks. The FDIC requires these banks to have sufficient capital reserves to…
The term "forever recession" was coined by Seth Godin on his blog on September 21, 2010, "The forever recession," and on September 29, 2011, "The forever recession (and the…
The West Point Bullion Depository began in 1937 near the U.S. Military Academy at West Point, New York. It became the West Point Mint in 1988. The depository served as a storage facility for silver…
A "fortress balance sheet" of a bank or a company is one that shows sufficient capital to withstand a downturn in business conditions (or "attacks on the fortress"). The term…
Morgan Stanley's Global Currency Research Team produced a report in August 2013, and James Lord, an Emerging Markets Strategist, wrote "EM Currencies: The Fragile Five." The…
"FrankenFed” (Frankenstein monster + Federal Reserve) refers to a frightening Federal Reserve ("Fed") -- the monetary system of the United States. Frankenstein, or The Modern…
"Wall Street is looking more and more like Fraud Street," was printed on the June 17, 2002 New York (NY) Post, describing WorldCom and other major business scandals. The nickname…
"Fraudacity" (fraud + audacity) is sometimes used to parody Barack Obama's 2006 book, The Audacity of Hope. On October 17, 2008, Karl Denninger wrote on "The Fraudacity of…
"Fraudclosure" (fraud + foreclosure) became a popular term in October 2010, when it was discovered that many banks starting the foreclosure process were doing so using fraudulent or…
Freddie Mac signifies the Federal Home Loan Mortgage Corporation (FHLMC). The FHLMC was formed in 1970 and "Freddie Mac" has been cited in print since at least January 1971. In 1997,…
The "Free Shit Army" (FSA) is a name used by James Quinn on the blog The Market Oracle, on October 11, 2010, to describe the great masses who want something for free. This can include…
"Brexit” (Great Britain/British + exit) is a word created to define a possible British exit from the eurozone. "Brexit" has been cited in print since at least May 2012. A similar…
"Fun-durr-mentals" (from the word "fundamentals") was coined by the financial blog Zero Hedge on December 10, 2013. "Durr" means "duh" and…
"Funemployment" (fun + unemployment) usually refers to a young person without family obligations, who experiences a layoff or a release from an unexciting job, and who uses unemployment…
"Generation Debt" refers to a generation of young citizens who will have to pay off crushing personal college debts and a crushing federal debt, all while trying to find a good job in a…
"Gerxit” (Germany/German + exit) is a word created to define a possible German exit from the eurozone. "Gerexit" has been cited in print since at least May 2012. "Grexit"…
Entry in progress -- B.P. Wikipedia: Get-rich-quick schemeA get-rich-quick scheme is a plan to acquire high rates of return for a small investment. Most such schemes promise that participants can…
Tina Brown, journalist and the founder and editor of The Daily Beast, wrote the "The Gig Economy" for that online publication on January 12, 2009. "To people I know in the bottom…
Ginnie Mae signifies the Government National Mortgage Association (GNMA). The GNMA was established in 1968 and "Ginnie Mae" has been cited in print since at least February 1968. Ginnie…
"Giving Tuesday" (the Tuesday after Thanksiving) was founded by Manhattan's 92nd Street Y in 2012, similar to days such as Black Friday, Small Business Saturday and Cyber Monday. In…