Don’t Worry About The Bedbugs — Eliminate the Financial Parasites

October 28, 2010 at 3:41 pm | Posted in Sustainability | Leave a comment

By John Harrington for the Huffington Post
October 27, 2010

Growing up in rural East Texas, I thought I knew what poverty looked like — I certainly didn’t know what it cost. You don’t unless you are locked in with few ways out and preyed upon by check cashers, payday lenders, pawnshops and rent-to-own bandits.

One doesn’t need to read Gary Rivlin’s Broke USA: From Pawnshops To Poverty, Inc. — How The Working Poor Became Big Business to be educated about how expensive being poor in America can be — just walk into the Fruitvale or West Oakland neighborhoods of Oakland, California, in the San Francisco Bay Area. Or, you can walk down Mission Street in the Mission District or on Market Street in San Francisco and see lots of people lined up in front of payday lenders and check cashers on almost every corner. They are also in almost every American city and accounted for over $113 billion in business nationally in 2007, including check cashing, payday loans, money orders, and money wiring.

Continue reading Don’t Worry About The Bedbugs — Eliminate the Financial Parasites.

Advertisements

Leave a Comment »

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.
Entries and comments feeds.

%d bloggers like this: