The big banking scandal Wall Street is hiding from you
by Zach Cartwright
Posted October 10, 2016
Your community’s tax dollars are getting quietly pilfered by Wall Street banks, and the banks are doing an excellent job of keeping the how away from you.
The amount of public money spent on just bank fees and interest every year numbers anywhere from the hundreds of billions to the tens of trillions. The exact amount is available through Comprehensive Annual Financial Reports (CAFR), though even obtaining the forms can prove to be a challenging task for the average taxpayer curious about how much of their tax dollars and pension funds are getting vacuumed up every year by the bank their city does business with. More…