Neologism of the week

Please tell me it’s not just a stupid typo:

Another cost often attributed to foreclosure is ‘neighbourhood blight’, that is, negative externalities associated with foreclosures and the associated repossessions and evictions. The value of neighbours’ properties goes down and pretty soon the weeds are growing through the cracks in the pavement, homes are boarded up and the entire neighbourhood risks going down the snytgard.

via | Willem Buiter’s Maverecon | Home loans in the US: the biggest racket since Al Capone?.

3 comments on this post.
  1. Ross Presser:

    It now says “going down the snyrting.” Weird.

  2. words1:

    Very strange. Wait.

    “Snyrting” is Icelandic for “toilet,” so I guess they were trying to be clever and missed on the first go-round.

  3. anon:

    rats! the original version just had that…

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