That deadly word you've heard so much lately has been chosen Word of the Year by one group.......CHICAGO - The American Dialect Society knows how risky mortgages are these days. The wordsmiths chose "subprime" as 2007's Word of the Year at its convention Friday. "'Subprime' has been around with bankers for awhile, but now everyone is talking about 'subprime,'" said Wayne Glowka, a spokesman for ADS and a dean at Reinhardt College in Georgia.Professor Glowka's group then arrived at a definitional epiphany and stood the financial world further on its ear than it's already been stood:"Subprime," Glowka said, is an odd word...'sub' translates roughly to 'below the standard', while 'prime' means something close to 'the best'. So, the word really means "far below the best."http://www.msnbc.msn.com/id/22513477/"Far below the best" was the group's duhfinition. As such, it seems to follow that:Many people who should possibly have settled for subprime upward mobility are much more familiar with their simple 2 arms than they were about those other, more complex ARMS. Maybe they had a subprime ability to understand the effect of rate adjustment or a subprime desire to burrow into fine print. Lenders bought subprime bundles of mortgages from each other with a subprime ability to assess the risk of what they were buying. Greed is one of our more subprime motives, and there seems to have been no lack of it on all sides. Now people are screaming about a subprime bailout.So much for plugging in the damnable word of the year. Meanwhile, it's quitting time. I'm on a subprime, DIY garbage disposal repair in order to try to avoid an extremely prime plumber's charge.
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