Tuesday, July 24, 2012

Profits and Poverty

It's important to remember that banks aren't here to serve you, they exist to make money.  And one way to make money is to offer low income customers products such as prepaid debit cards or payday loans with high fees and interest charges.  With poverty at the highest rate since 1965, I imagine the banks stand to make a bundle.  Who needs the middle class when you can profit so much from the poor?

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