Bankocracy

Bankocracy :
A relatively new form of crony capitalism, though with roots in past. Closely related with the banks' power to create money out thin air.
A state/country can be said to be Bankocratic if the major decisions are made by government in order to favour the Bankocrats. This is a way of keeping the profits earned by bankocrats to themselves and spreading their losses to whole country/state (to a larger group if possible).

A bankocracy effectively uses the money creation power of banks to inflate money supply, create asset bubbles, profit from them, and holding economy ransom when those bubbles are about to naturally pop. A set of useful idiots (economists, politicians, journalists) is all that is needed to socialize any impending losses.