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Tim Geithner is preying on poor people


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https://splinternews.com/tim-geithner-is-living-his-best-post-obama-life-by-runn-1827285288

 

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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.

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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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