Taxpayers surely deserve breaks especially after filing day grinds to a halt but banks aren’t giving people just that. Credit card holders might be wondering why some of the banks are dishing out new interest rates that can be labeled not only as exorbitant but downright wrong.
Banks have been receiving billions in bailout money and they are still passing on the burden of profit to taxpayers. Banks are justifying this as a necessary move to boost profits and eventually pay off their TARP dollar. But should consumers/taxpayers carry the brunt?
Check out this MSNBC’s video on this latest issue.
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