How Banks Fleece the Unemployed

Just when you thought the big banks had maxed out their chutzpah account, think again.

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 Finnie
Tags Help
Subjects: U.S., Business
Stats Help
# Diggs: 1 (as of 2009-12-17)
Editorial Help
Posted by: Posted by Chris Finnie - Dec 17, 2009 - 10:37 AM PST
Content Type: Article
Edit Lock: This story can be edited
Edited by: Chris Finnie - Dec 17, 2009 - 10:39 AM PST

Reviews

Show All | Notes | Comments | Quotes | Links
Dwight Rousu
4.7
by Dwight Rousu - Dec. 18, 2009

The 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.

See Full Review » (12 answers)
Chris Finnie
4.7
by Chris Finnie - Dec. 18, 2009

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.

See Full Review » (11 answers)
Andre Heinemann
2.6
by Andre Heinemann - Dec. 22, 2009

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.

See Full Review » (11 answers)
Derek Hawkins
2.6
by Derek Hawkins - Dec. 18, 2009

Where are the sources? This sounds like someone telling me the story over coffee, and that's a bad thing.

See Full Review » (11 answers)

Comments on this story Help (BETA)

NT Rating | My Rating

Ratings

3.8

Good
from 4 reviews (43% confidence)
Quality
4.0
Facts
4.0
Fairness
3.5
Sourcing
3.2
Style
3.8
Context
4.0
Depth
3.5
Enterprise
4.0
Relevance
4.5
Popularity
2.8
Recommendation
3.2
Credibility
2.8
# Reviews
2.0
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

No links yet. Please review this story to add some!