the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Apr 6, 2009
Banks have raised interest rates on credit card debt in recent months.
But hasn’t the Federal Reserve lowered interest rates? Well, a federal regulation allows banks to charge whatever interest rate they want – including increasing it on existing debt.
And the banks are doing it! They put loan sharks to shame.