Banks Screw Americans Trying Desperately to Stay Afloat
‘Almost two-thirds of Americans today—63 percent—don’t have enough savings to cover an unexpected $500 expense. Anything from an emergency brake job to a refrigerator on the fritz could zero out their bank accounts.
Most American households, in other words, are living on the financial edge. And that suits America’s biggest bank CEOs just fine. They love to see Americans desperately juggling credit cards and checking accounts to keep bills paid.
With all that juggling, our banksters know, something will inevitably get dropped. A checking account will be slightly overdrawn. A debit card transaction will overstep a limit. And that’s when the banks start to really clean up—through overdraft fees.’
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