Consortiumnews.com:
"While posting breathtaking profits in the last two quarters – Wells Fargo’s $3.2 billion, Citigroup’s $3 billion and Chase’s $2.7 billion – U.S. banks have figured out a way to squeeze some extra dollars from those who can least afford it, the unemployed."Sure, it saves the states a lot of cash, but they're then able to charge interest on the transactions as well as other fees, effectively milking money from those who can least afford it.
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