People Twitter

5226 readers

2335 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

Mark NSFW content.
No doxxing people.
Must be a tweet or similar
No bullying or international politcs
Be excellent to each other.

founded 1 year ago

MODERATORS

SendMeYourTaTas@sh.itjust.works

pelespirit@sh.itjust.works

947

Banks need it /s (lemy.lol)

submitted 9 months ago* (last edited 9 months ago) by King@lemy.lol to c/whitepeopletwitter@sh.itjust.works

147 comments fedilink hide all child comments

Bluesky Post.

you are viewing a single comment's thread
view the rest of the comments

[–] bstix@feddit.dk 14 points 9 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.