I Worked at Capital One for 5 Years. This is one way We Justified Piling Debt on Poor Users.

I Worked at Capital One for 5 Years. This is one way We Justified Piling Debt on Poor Users.

The subprime lending giant is just a textbook instance in producing a business tradition of denial.

Illustration by James Heimer

First thing you need to know about a female i understand, who I’ll call Annie, is during their last moments that she volunteers to sit at the hospital with people who are going to die alone, who have no family or friends to be with them. “It’s clearly sad,” she said, “but personally i think like We have sufficient good power that i could share some.” And share she does: She cooks her colleagues’ favorite sweets due to their birthday celebration; she organizes anti-racism workshops and attends racial justice protests; she teaches ESL classes to current immigrants. Annie is, simply speaking, a really good individual. She works difficult at being good, become friendly and sort to any or all she satisfies.

She additionally, for some time, made a full time income offering bank cards with a high rates of interest to those who had been hardly making ends meet.

Annie and I also worked together at Capital One for 3 years. For a months that are few I happened to be her employer. I oversaw the bank’s “secured card” product—a credit card advertised to individuals whoever credit can be so bad a credit can’t be got by them limitation of $300 at a 27 % rate of interest without putting straight straight straight down a protection deposit. Continue reading “I Worked at Capital One for 5 Years. This is one way We Justified Piling Debt on Poor Users.”