“This is the financial version of colleges selling Marlboro the exclusive rights to get students addicted to cigarettes. But potentially more expensive.”
I clicked on this because it showed a U of M student ID, thinking, “Ooh, what’s the scandal at my school?” Turns out it’s … partnering with TCF to let kids use their ID’s as TCF check cards. Yeah, I did that. And no, I wasn’t a young, no-nothing, impressionable 19-year-old who got exploited for thousands of dollars in overdraft fees.
Hamilton Nolan has a unique ability to misunderstand and sensationalize anything he sees as loosely tied to the corporate world.