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Tim Geithner is preying on poor people

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So what does Mariner Finance do? It mails checks to poor people, hoping they’ll cash them without reading the fine print—which reveal sky-high interest rates and a clause forcing the lendee to pay the company’s legal fees should it be forced to sue them for their debts. It’s a neat little scam that works in tandem with the other revolting ways America extracts money from its poor.


Is Geithner’s firm ashamed of its investment in and management of this vile business? Of course not. Warburg Pincus told the Post that “Mariner Finance delivers a valuable service to hundreds of thousands of Americans who have limited access to consumer credit.” Worse still, Mariner representatives described the company as fulfilling a “social need.”


Thanks Obama

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