Posted on 02/23/2023 7:16:22 PM PST by E. Pluribus Unum
President Joe Biden has nominated former Mastercard CEO Ajay Banga to lead the World Bank — the first time a credit card executive has been chosen for the spot. The nomination comes as Biden pitches himself as a defender of American consumers and an enemy of the banking industry.
“Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said in a statement on Thursday. “… he also has critical experience mobilizing public-private resources to tackle the most urgent challenges of our time, including climate change.”
Banga’s nomination comes less than a month after Biden pitched himself to the American public as an economic populist defending consumers against the often-predatory banking industry in his State of the Union address.
“We’ve reduced exorbitant bank overdraft fees, saving consumers more than $1 billion a year. We’re cutting credit card late fees by 75 percent, from $30 to $8,” Biden said:
"Junk fees may not matter to the very wealthy, but they matter to most folks in homes like the one I grew up in. They add up to hundreds of dollars a month. They make it harder for you to pay the bills or afford that family trip."
"I know how unfair it feels when a company overcharges you and gets away with it. Not anymore. We’ve written a bill to stop all that. It’s called the Junk Fee Prevention Act."
(Excerpt) Read more at breitbart.com ...
Isn’t Delaware a tax haven for credit card companies?
Yes it is ...
fixed it
Yeah. But Joe doesn’t want us to think his decades of wallowing in the Delaware credit card swamp, and enjoying its hefty donations, has anything to do with this.
Why, that would be like putting an ex-pharmaceutical exec in charge of the CDC !
Oh, wait. That’s been everyone of them since Roper.. who was one of those before him who was from the insurance industry.
Yeah, it’s all rigged. All of it.
Isn’t Delaware a tax haven for credit card companies?
Yes, and that is how Joe Biden became a Senator. With the support of the Bank of Delaware which now owns Joe’s soul he became their Senator helping them push thru legislation in their favor for his whole career. We all know he is too stupid to be a Senator but he was perfect at being a Puppet Senator for the banking industry. Just like Chris Dodd who received a special mortgage deal for services rendered.
I recommend everyone move back to using cash as much as one can.
WAS the last I heard.
BETCHA the Bidens have plenty of credit cards-—with UNLIMITED balances.
Mastercard and DuPont own Biden
China is a renter
Biden Picks Former three card Monte dealer to Lead World Bank.
Biden’s building his empire much danger ahead for him.
The credit card rates are extremely high.
Both before biden and now.
Current rates at 19%+ !
https://www.bankrate.com/finance/credit-cards/current-interest-rates/
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