The Spark

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

– Armed with Government Regulations

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.