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Banks making (more) predatory loans with taxpayers money

By Sam Glover

Citibank, U.S. Bank, Bank of America, Wells Fargo, and Pacific Capital Bancorp have been called out by the Congressional Oversight Panel for using taxpayer money to turn around and rip off taxpayers. Essentially, taxpayers end up paying twice: once to the government, once to the banks. Bailed-Out Banks Face Probe Over Fee Hikes | WSJ (via Consumerist) (photo: [...] Related posts:

• Banks Using $700 Billion Bailout To Buy Other Banks, Not Make More Loans
• If Enough Banks Fail, The FDIC Could Run Out Of Money
• Two banks fail, 90 on FDIC problem list


Full post as published by Caveat Emptor on April 14, 2009 (boomark / email).

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