How Banks Fleece the Unemployed
While posting breathtaking profits in the last two quarters... U.S. banks have figured out a way to squeeze some extra dollars from those who can least afford it, the unemployed. Full Story »
Posted by Chris FinnieWhile posting breathtaking profits in the last two quarters... U.S. banks have figured out a way to squeeze some extra dollars from those who can least afford it, the unemployed. Full Story »
Posted by Chris FinnieThe article identifies practices by the banksters that victimize the unfortunate, as the privatizing of unemployment payments is "sold" to irresponsible state officials as a cost saving. Some good digging went into assembling this story.
An outstanding example of independent investigative reporting. Koeppel has exposed another banking scam I haven't seen reported anywhere else--exploiting the need of cash-strapped states to save money to gouge the poor.
Interesting piece exposing clever banking and contracting practices benefiting the usual suspects. While the article required digging to put together, sadly though, sources are mostly missing. Still a worth-while read as long as taken with a grain of salt.
Where are the sources? This sounds like someone telling me the story over coffee, and that's a bad thing.