Monday, August 17, 2009

Request from my friend Karney of the documentary OVERDRAWN:

Over at they've teamed up with the Wall Street Journal to ask Treasury Secretary Geithner some questions this Thursday the 20th. Reproduced below is my question. If we Digg it up enough, it will get asked...

"Given the massive bailouts to the banks, how can you allow the predatory practices with which the banks continue to fleece low-income consumers to continue? I'm speaking mostly about so-called overdraft "protection" (similar to a mafioso's protection in that they're really credit at loan-shark prices) and predatory mortgage loans. The Credit Card Bill of Rights was a big step in the right direction. Isn't it time for debit card holders to be given similar protections against exorbitant interest rates?

Don't we the taxpayers now own sizable chunks of these banks, and shouldn't we therefore be able to tell them to stop abusing we the people?"

Here's the