Tarpetbagger: New Word From Edward Faraday's New America Dictionary

Tarpetbagger
noun
pronunciation

TARP et bag ger

1) U.S. History, The profiteering Bankers and Wall Street companies, which caused the financial crisis of 2008, and benefited from the problem they created by successfully maneuvering within the unsettled social and political conditions of the economy previous to the Obama reconstruction.

2) An opportunistic banker or Wall Street figure who seems to offer a public service but is actually using the public to serve themselves.

Origin
2009 New York City slang, American
so called because they came back to work with their blind folds on and hiding their continued greed in TARP bailout plans. (TARP: Troubled Assets Relief Program)


Wall Street Bankers Feted After
Causing/Profiting from TARP Bailout

Granny locks the TARP Wolf in her penthouse
apartment in "Red Hot Riding Hood."

From Fantasy Tales of Tex Avery
by Gary Morris