Big Banks Squeezing $$$ From The Hands Of The Unemployed

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.

Posted in: economic crisis