The Rich Get Richer

Banks made an estimated 89 billion dollars by charging overdraft fees in the time from January 1st to December 1st in 2025.

89 BILLION DOLLARS in 11 months !!!

Let that sink in for a quick minute.
Banks TOOK 89 BILLION DOLLARS FROM PEOPLE WHO LITERALLY HAVE NO MONEY !!!

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whowasthatmaskedman · 70-79, M

Exactly. Banks used to make their income from investing money on deposit with them. Now that profit comes from transactional fees and account keeping charges..😷

Lilymoon · F

That is mind boggling 🤯

FreeorLonely · 51-55, F

It’s really disgusting

NativePortlander1970 · 51-55

As orchestrated by bankers in 1892...

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NativePortlander1970 · 51-55

@HikingMan I have known about the manifesto since the 2008 collapse, and very aware how monetizing mortgage bundling contributed to as well, starting with Obama suing CitiBank and Chase in 1994 in Chicago that led to the predatory subprime loan, as well as Clinton's repeal of the Glass Steagal Act.

HikingMan · 51-55, M

You are far ahead of the average American

NativePortlander1970 · 51-55

@HikingMan You will also notice it contains the manifesto of 1934, which reduced property ownership to titles and deeds only, creating eminent domain under any excuse.

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