@danhon @thomasfuchs if I were a wagering man, I'd bet on, "Banks need a profit motive to encourage them to service these otherwise high-risk, low-profit, customers. If they can't gouge them on overdraft fees they have no reason to allow poor people to have bank accounts."
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Joe Cooper 💾 (swelljoe@mas.to)'s status on Friday, 26-Jan-2024 01:47:34 JST Joe Cooper 💾
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Dan Hon (danhon@dan.mastohon.com)'s status on Friday, 26-Jan-2024 01:47:35 JST Dan Hon
@thomasfuchs without reading I'm assuming some sort of moral hazard argument here, like “oh without punishment how will they ever learn”
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Roy Ridin' With Biden #BLM 🇺🇸 (rpardee@hachyderm.io)'s status on Friday, 26-Jan-2024 06:22:00 JST Roy Ridin' With Biden #BLM 🇺🇸
@thomasfuchs WON'T SOMEONE PLEASE THINK OF THE POOR BANKS?
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