That stands for "fixer-upper"-ed us.
Today's Wall Street Journal puts the financial collapse in terms we can all understand.
It tells how a three-room shack in Arizona declared "unfit for human occupancy" was mortgaged FOR $103,000!
by a former drunk with no job and a terrible credit history and how that sort of criminality got us where we are.
I can't get the link to link, but you can read the story at: