The Bankers’ Latest Scam
By Ruth Conniff, May 2010 issue
Of all the devious tricks practiced by the financial industry—hidden fees, usurious interest rates, and incomprehensible contracts that take advantage of consumers—the campaign strategy for 2010 has to rank right up there.
As the banks begin pouring cash into Congressional elections, they are targeting members of Congress who support consumer protections that could cut into their bottom line.
But here is the kicker: Opponents of financial reform are tarring members of Congress who want to regulate...