this post was submitted on 25 Jan 2024
947 points (99.1% liked)

People Twitter

5466 readers
1548 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS
[email protected]
[email protected]
947
Banks need it /s (lemy.lol)
submitted 11 months ago* (last edited 11 months ago) by [email protected] to c/[email protected]
144 comments fedilink hide all child comments
 

Bluesky Post.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 14 points 11 months ago

Paywalled. Open in incognito.

Their point is that poor people use overdrafting instead of making actual loans. Removing the overdraft revenue from banks would make banks not offer it, making it necessary for poor people to take worse loans.

It's just an opinion piece and the author admits that it could have other results.