Wednesday, January 28, 2015

I just love the insidious creep of the credit card industry into all aspects of our lives

How big banks turned prisons into profit centers | Marketplace.org



This issuance of funds only as credit or debit card bothers me no end. Unemployment wages, welfare funds, rebates and refunds.  All done now via 'pieces of plastic' instead of 'pieces of eight'. 

So now the issuer can wash their hands of the matter, for a fee I imagine. And the recipient is left to discover for themselves the hidden costs.

The big money people are constantly on the hunt for new ways to scrape off their fees and service charges from the hands of the working people.  To ever increase their share of our pie. 

No comments: