— Michael LewisAnd he explained that they avoided free checking because it was really a tax on poor people—in the form of fines for overdrawing their checking accounts. And that banks that used it were really just banking on being able to rip off poor people even more than they could if they charged them for their checks.”
Replicated under Fair Use from The Big Short: Inside the Doomsday Machine by Michael Lewis. (Pg. 20)