Wednesday, December 02, 2009

Elizabeth Warren: America Without a Middle Class

Elizabeth Warren: America Without a Middle Class: "While the middle class has been caught in an economic vise, the financial industry that was supposed to serve them has prospered at their expense. Consumer banking -- selling debt to middle class families -- has been a gold mine. Boring banking has given way to creative banking, and the industry has generated tens of billions of dollars annually in fees made possible by deceptive and dangerous terms buried in the fine print of opaque, incomprehensible, and largely unregulated contracts."
Yes. We know about contracts like that, don't we?

1 comment:

Anonymous said...

Didn't Eliot Spitzer and the Attorney General of New Jersey share these same words concerning HOA's & COA'S,(CID"s), years ago??