Daily Archives: October 5, 2011

The Politics of the Finance Industry

Posted by Admin on October 05, 2011
Politics / Comments Off on The Politics of the Finance Industry

I saw this on Facebook today.  Had to grab it and keep it.

This makes it clear what’s wrong with the financial industry: lack of govt oversight has allowed the runaway consolidation of small banks, in favor of large corporations who off-shore customer service to call-centers and who charge usurious fees.  Add to that the undisciplined financial management that caused the initial recession two years ago and we can see what trusting industry to “police itself” has done.  It has screwed you and me, again and again.

Click on this image to see it full-size.