La Cucaracha by Lalo Alcaraz for October 24, 2011
October 23, 2011
October 25, 2011
Transcript:
Cuco: Let me understand you, Mr. Bankster... You want to charge me an extra five dollars to use my own debit card, which you begged me to use, and even offered "points" incentives each time I bought stuff with it!! Mr. Bankster: Yes. We put the "U" in "usury."
With the Fed keeping interest rates near zero, the banks can’t make money by lending and are desperate for other ways to make a buck.
User fees on debit cards are not the smartest idea, but they are in the same category as the unjustifiable mortgages that government policy forced banks to make which were the start of the domino fall that started in 2008.