Happy Halloween! There is nothing spookier than the big banks profiting off of millions of illegal foreclosures, taking billions of dollars in taxpayer funded bailouts and then funding predatory lenders who prey on our neighbors.
There are countless reasons to be spooked by the big banks. In Virginia, we are particularly concerned about the big banks funding the predatory lending monsters that prey on our communities.
Right now, big banks like Bank of America borrow money from the Federal Reserve at less than 1% interest, lend it out to predatory lenders at 3%, who turn around and lend it to our communities at 400% interest or more.
It's outrageous and one of the greatest wealth-stripping schemes of our time. Watch the video and take action today!
Instead of bolstering the middle class with small-dollar loans that would strengthen our communities, Bank of America has decided to back legalized loan sharks who prey on working-class Virginians.
If enough people speak out, they just might listen.
Have a wonderful, safe Halloween!