… weighted toward the people at the top, the billionaires, the mega donors, and then they use that wealth to then rig more rules for themselves. I'll give you one example. In the 1980s, they deregulated the banking system and it allowed for these big banks to charge working people overdraft fees. So now you can charge a single mom who's just trying to get by working multiple jobs, you can charge her multiple overdraft fees a day. And they profit overwhelmingly from those fees. (1:27:00–1:27:10)
CLAIM
Asserts that deregulation in the 1980s enabled banks to profit from overdraft fees on working people.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
