Big Bank’s Hands in Payday Lending Not Just On the Drafts

ACORN Citizen Wealth Financial Justice

New Orleans   In an excellent piece the Times looked at the gross profiteering on the major to-big-to-fail bailout banks like Wells Fargo, Chase, and Citibank and their unseemly and immoral role in fleecing the hapless lower income customers of payday loans through their bank draft procedures.  By hitting accounts repeatedly, even when already recognizing overdrafts, …

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Venal Politics of Ambition, Ideology, and Contributions Crippling Louisiana Healthcare

DC Politics Health Care

New Orleans  What often goes unsaid when the right pontificates and proselytizes about the wondrous benefits of privatization or public-private so-called “partnerships,” is the how much this is all simply a rationalization for personal ambition and the need to raise huge campaign contributions to fuel that fire. We see this now, painfully and almost daily, …

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