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Citigroup, Bank of America, and JP Morgan Chase should not be permitted to charge consumers 25- to 30-percent interest on their credit cards, especially while these banks received over $4 trillion in loans from the Federal Reserve.
Bernie Sanders
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Interpretation

What this quote means

The quote criticizes high-interest rates charged by major banks, particularly in the context of their financial support from the government.

Bernie Sanders' quote highlights the perceived injustice of banks charging exorbitant interest rates on credit cards while having received significant financial support from the Federal Reserve. It emphasizes a growing concern about the behavior of large financial institutions and their responsibility towards consumers, particularly in times of economic trouble.

Themes

BanksInterest RatesLoansFinancial JusticeConsumer Rights

In practice

Example use cases

During a speech about financial reform, one might mention this quote to highlight the need for equitable banking practices.

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