this post was submitted on 15 Jul 2024
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US Banks Sound Alarm On Lower-Income Struggles Before Election (www.benzinga.com)
submitted 4 months ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml
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[–] davel@lemmygrad.ml 12 points 4 months ago (1 children)

Funny how they don’t mention the loss of wages, when the whole point of the Fed raising interest rates was to discipline labor. This was predictable, as was the increase in loan defaults.

[–] yogthos@lemmygrad.ml 5 points 4 months ago

indeed