Broke, USA: From Pawnshops to Poverty, Inc.: How the Working Poor Became Big Business, (Paperback)

from Sovranty

This is a great recent history on financial gains made from the impoverished, from payday lending, tax preparation to subprime mortgage and credit lending. It details the consequences of instant financial gratification and reveals some of the motivation behind why a consumer would subject themsel...

from kaitanya64

Interesting expose of the way various descendants of the pawnshop, such as payday advance, check cashing, prepay credit cards etc. developed and how little has been done to actually control or limit them. Also, how subprime mortgage and home equity businesses developed and what's driving them to ...

from Juva

A close examination of the so-called "poverty industry". Just how exactly did so many people get rich from the very very poor? The author pursues the trail by looking at sub-prime mortgages, pawn shops, payday check cashers, and financiers. A very detailed and complex chronicling of the American ...

from fundevogel

A long hard look at predatory lending, it's strategies, consequences and the people that fight it.  Checking cashing, pay day loans, subprime morgages, refund anticipation loans, pawnshop loans, rent to own-- it is staggering the number of ways persons of few scruples have found to extract large ...

from BruceCoulson

A brief history of the business of poverty; who makes money, how it is made, and what the effects of that business are on individuals, businesses, communities, and government. If you've ever wondered who uses the (now ubiquitous) payday loan outlets, why anyone would sign a bad loan agreement, an...