Taxi Cabs - Act II Part B - Predatory Lending and the Federal Regulatory Agencies
Manage episode 450411464 series 3601221
The Federal Reserve never intended to help ordinary Americans or business owners. The Fed bestowed trillion dollar gifts on a specific group of finance firms. These firms were then supposed to transmit that money to the rest of us. But something happened along the way - that money never trickled down to regular Americans. In this episode, see how banks, credit unions, and specialty lenders deployed predatory lending tactics to take advantage of cab drivers. And learn about Federal Regulatory Agencies - they were supposed to protect the public from predatory lending. Listen in to find out how well they did their jobs.
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