We see it all over America: one part of town has bank branches and another part of town has payday lenders gouging its customers at a triple digit interest rates.
To make matters worse, big banks like Bank of America borrow money from the Fed at less than 1% interest, then lend that to payday lenders at 3%, who then turn around and lend money in our communities at 400% or more.
We need to get Bank of America to stop financing payday lending, and instead support alternative small lending programs.
TAKE ACTION against these predatory payday lenders and the big banks who finance them!
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Finally! So glad to see U. S. Bank featured in that cartoon. They comitted all the crimes but get none of the time! Very little exposure on the activity of U.S. Bank. Bad notary seals, forgeries, theft, but they seem to slide under the radar. Every once in a while they have a big loss in NY or mass. but by and large they are not covered in the press.
Keep standing strong, and Pray!
lamb
Guy Fawkes Day, Saturday, November 5 is the day to Move Your Money out of a TBTF bank to a local bank or credit union. Hell, move your money to your mattress if you have to, just MOVE IT!!
We’ve been credit union members since 1983 and don’t have a bank account to close. So, I’m going to the local branch of the bank who holds our last remaining debt – a VISA with a few thousand left on it – and I’m making a quintuple (for the 5th) payment in small bills, nothing bigger than a 10.
And while the teller is counting all that out, I’ll be explaining politely what a criminal organization he works for.
The ‘fear mongering’ continues….!!!
PLEASE provide a BETTER ALTERNATIVE…!!!
FDIC To Cover Losses On $75 Trillion Bank of America Derivative Bets
Posted on October 20, 2011 in Bank Failure
there yuh go check this out
Pigs and whores!