IBGYBG
n.— «On Wall Street, a new phrase was invented only a few years ago: IBGYBG. I’ll be gone, you’ll be gone, so let’s do the deal and let the suckers pay for it. Now consumers are suckered into no-income second mortgages (:hey they wouldn’t lend me the money if they didn’t think I could pay it back, right?”).» —“We’ve All Caught the Detroit Disease” by Charles H. Green Huffington Post Aug. 13, 2007. (source: Double-Tongued Dictionary)
Further reading
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