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Archive for April 25th, 2013

Feds Spend Money for Nothing

Thursday April 25th, 2013   •   Posted by K. Lloyd Billingsley at 9:31am PDT   •   3 Comments

The federal government spends nearly $1 million a year on fees for bank accounts with a balance of zero. The Washington Post calls this “one of the oddest spending habits in Washington” and explains how it works. When federal agencies hand out grants they don’t just send out checks. Rather, they create “an account…
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