Who is a subprime borrower?

From Newsweek:

Among investment banks, Goldman Sachs was the ultimate big swinging d*ck, the firm that could do no wrong, that was more profitable than anybody else, that was just better. But this week, Goldman, needing cash, turned to Warren Buffett, the biggest of the big swinging d*cks. He agreed to help but extracted pretty onerous terms: 10 percent annual interest rate plus an equity kicker. In other words, Goldman is paying a double-digit interest rate and giving up a piece of the house in exchange for a measly few billion dollars. Goldman Sachs CEO Lloyd Blankfein, lord of the big swinging d*cks, is now a subprime borrower.

The End of the ‘BSD’, Wall Street: Goodbye to conspicuous consumption – Newsweek

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