So, with the economy in freefall thanks to the banks and George W., there are 5 million people in the US on unemployment benefits.
Thirty states have deals with banks to issue unemployment benefits in the form of pre-paid debit cards. But the banks are set up to take the skim from those benefits.
Call to check your balance? That costs 50 cents.
Use the card twice in the same day? That's $1.50.
They'll even allow overdrafts, and then charge you $20.00 for the overdraft.
Oh yeah, and they get about 3% of each transaction.
All this from the people who got us in this mess, and then got bonuses with taxpayer money.
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