At their annual convention on Friday, The American Dialect Society chose ‘subprime’ as the 2007 word of the year. It’s a word that seems to be on everyone’s lips and minds these days in the wake of the mortage crisis.
“‘Subprime’ has been around with bankers for awhile, but now everyone is talking about ‘subprime,'” said Wayne Glowka, a spokesman for the group and a dean at Reinhardt College in Waleska, Ga. “It’s affecting all kinds of people in all kinds of places.”
The linguists even felt that ‘subprime’ had more impact last year than ‘waterboarding’:
About 80 members of the organization spent two days debating the merits of runners-up “Facebook,” “green,” “Googleganger” and “waterboarding” before voting for an adjective that means “a risky or less than ideal loan, mortgage or investment.”
The American Dialect Society said in a statement that “the choice signifies the public’s concern for a “deepening mortgage crisis.””
It’s the economy stupid.