Escrow, the new subsidy for banksters

Welcome readers from Jesse’s Cafe Americain and DCBlogs.

FY2014 Budget Includes Changes to Homeless Law

Individuals and families staying in some District shelters will be required to start placing money in an escrow account under a new city plan intended to move homeless people toward self-sufficiency.

I don’t believe that this is about moving homeless families to self sufficiency. I think this is about bumping up the deposits at the bank DC patronizes.

Given the continuing recession, deposits must be way down. What better way to bump them up than buy dipping into the public purse. It seems that the $400 million surplus is not enough to keep banksters happy, so they are dipping into the pockets of homeless families.

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