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Fri Apr 17, 2020, 11:03 AM

The Treasury Department's encouragement to big banks slammed as "beyond predatory"

This is cruel.

snip -

"After a third of U.S. renters couldn't make rent this month, the Treasury Department is pointing out opportunities for banks and debt collectors to steal Americans' relief checks out from under them," Jeremy Funk, spokesperson for consumer advocacy group Allied Progress, said in a statement responding to Kent's comments.

"It's the middle of a pandemic," said Funk. "This money should be going toward food, rent, and medicine—it's not the time to hand out favors to debt collection industry donors or pad some big bank's bottom line," said Funk. "Secretary Mnuchin needs to ensure that these $1,200 checks go straight into Americans pockets where they belong."

https://www.salon.com/2020/04/15/trumps-treasury-department-gives-banks-green-light-to-seize-individuals-1200-stimulus-checks_partner/?fbclid=IwAR0MQ962e0gFXDBJW-H1UjBaLF1VTNrPKsDxsc3xjTNEaOiKfzob0y-Ez_A

4 replies, 583 views

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Reply The Treasury Department's encouragement to big banks slammed as "beyond predatory" (Original post)
NoRoadUntravelled Apr 2020 OP
Bayard Apr 2020 #1
NoRoadUntravelled Apr 2020 #3
keithbvadu2 Apr 2020 #2
NoRoadUntravelled Apr 2020 #4

Response to NoRoadUntravelled (Original post)

Fri Apr 17, 2020, 11:40 AM

1. I can't believe the Dems didn't anticipate this,

And prohibit it in the bill.

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Response to Bayard (Reply #1)

Fri Apr 17, 2020, 01:13 PM

3. I believe it. Seems they're still making assumptions that there's good to be found in the GOP

GOP has morphed into something unrecognizable and dangerous. Time for Dems in Congress to accept that fact and take all precautions and certainly make no assumptions when it comes to what GOP is capable of.

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Response to NoRoadUntravelled (Original post)

Fri Apr 17, 2020, 12:14 PM

2. Another bailout for the banks.

Another bailout for the banks.

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Response to keithbvadu2 (Reply #2)

Fri Apr 17, 2020, 01:17 PM

4. That's it.

Wishing the GOP would just give up all pretense of caring about doing good for Americans and simply announce their allegiance to Wall Street and big corporations.

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