Banks target vulnerable

BANKS are using predatory tactics to target customers with financial products when they are most vulnerable, leaving customers in greater debt, a new report has found. Banks and other financial institutions have spent up to $200 million each creating customer databases by drilling into personal credit card transactions so they can predict when financially stretched customers might be more susceptible to offers of increased credit limits, insurance, education or superannuation funds and investment products. http://www.theage.com.au/national/banks-target-

vulnerable-customers-20120428-1xruy.html

Lotte - To age 12

This is an amazing video that I saw on Naked Capitalism

The Real Cost of IPhone

Created by MBAonline.com

Modern Money Theory and Private Banks

Guns and Butter "Modern Money Theory and Private Banks" with Stephanie Kelton and Michael Hudson at the economic Summit On Modern Money Theory in Rimini, Italy. Functional finance; business cycle; real costs of unemployment; sovereign currency versus fixed exchange rates and the gold standard; macroeconomic policy; fiscal policy; vulture banks; Latvia as the standard for Europe under neoliberalism. Original Link

Guns and Butter - March 28, 2012 at 1:00pm

Click to listen (or download)