We Worked at Capital One for 5 Years. This is the way We Justified Debt that is piling on Users.

We Worked at Capital One for 5 Years. This is the way We Justified Debt that is piling on Users.

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

2, 2019 october

Illustration by James Heimer

First thing you need to know about a female I’m sure, who I’ll call Annie, is that she volunteers to stay at the medical center with individuals that are planning to perish alone, who possess no household or friends become using them throughout their final moments. “It’s clearly sad, ” she said, “but personally i think that I am able to share some. Like We have sufficient positive power” 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, in a nutshell, a tremendously person that is nice. She works difficult at being good, become friendly and sort to everybody else she satisfies.

She also, for a while, made a full time income offering charge cards with a high interest levels to those who had been hardly making ends satisfy.

Annie and I also worked together at Capital One for 36 months. For a couple of months, I happened to be her employer. We oversaw the bank’s “secured card” product—a credit card advertised to people whoever credit is really so bad a credit can’t be got by them limitation of $300 at a 27 rate of interest without putting straight down a protection deposit. Ironically, at Capital One, the greater of a positive-energy type you had been, the much more likely it had been that you’d work with the subprime unit. ادامه ی مطلب “We Worked at Capital One for 5 Years. This is the way We Justified Debt that is piling on Users.”