More "financial innovation," courtesy of Wall Street: fleecing welfare recipients of money before it's even in their hands.
These sleazeballs in pinstripes have zero shame, and no morals. Like China, the USG needs to try and execute a few bank CEOs just to put the fear in them.
Consider the irony: more Americans are on welfare because of the financial crisis that Wall Street created; Wall Street gets bailed out at taxpayers' expense, and then manages to take a % cut of Americans' welfare checks provided at taxpayers' expense.
It seems like the sum of their innovation is to figure out ways to steal legally from the U.S. Treasury. Corporate socialism, plain and simple.
How Banks Fleece the Unemployed
By Barbara Koeppel
December 16, 2009 | Consortium News
Just when you thought the big banks had maxed out their chutzpah account, think again.
URL: http://www.consortiumnews.com/2009/121509b.html
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