Sunday, April 29, 2007

Banks Steal Widows' Social Security

Snidely Whiplash is at it again [cf. Dudley Doright cartoon of the 1960s on Rocky & Bullwinkle Show].

Saturday's Wall Street Journal had numerous examples how the banks, in VIOLATION of existing Federal law, take Social Security money from accounts of widows & elderly poor to pay creditors, including themselves. And they charge outrageous fees for doing it. The banks say they can't be bothered to check when they take the money. What self-interested garbage! They don't seem to have trouble charging big fees; or calculating complex interest; or creating long, complex "privacy" policies. Or in fact doing anything that makes them money. But obeying a law to protect elderly from destitution - they can't be bothered.

And where are the protectors of the people in DC? As usual, they don't really do anything to help people. They just want money from their rich supporters & lobbyists.

Is there any wonder I'm cynical about the motives of politicians?

No comments: