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A Wisconsin Tribe Built a Lending Empire Charging 600% Annual Rates to Borrowers
(www.propublica.org)
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this post was submitted on 13 Aug 2024
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Alternative headline: Indigenous corporation takes a page from the Wall Street playbook to benefit tribe.
Alternative headline: Capitalist scum fuck over innocent people.
This is like cheering Thatcher for being a girlboss.
Look I get it, they deserve a win after what their entire civilization went through and is still going through a thanks to the government in particular and white people in general. That does not mean, however, that it justifies fucking over already poor people using exorbitantly high interest loans. John Oliver did an episode about these kinds of things once and they are so goddamn predatory it's disgusting.
Never said I agreed with it...
First nations group gets their pound of flesh; more at 11