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How the Other Half Banks: Exclusion, Exploitation, and the Threat to Democracy


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#243273 in eBooks 2015-10-06 2015-10-06File Name: B01657K1G416 of 16 people found the following review helpful. An engaging, informative trip through the history and present of banking as it relates to the poor.By SamYou canrsquo;t get through Professor Baradaranrsquo;s book without becoming more informed. Over the last half decade or so, a lot has been written about the financial crisis. And Professor Baradaran has made a worthy contribution to this crisis library. She doesnrsquo;t spend a lot of time retreading what Irsquo;ve seen in other booksmdash;sAn important voicehellip;[Baradaranrsquo;s] excellent new book, How the Other Half Banks: Exclusion, Exploitation and the Threat to Democracy describes how, for decades, big banks have shed their social contract with the American public and transformed themselves into modern monstrosities which serThe United States has two separate banking systemsmdash;one serving the well-to-do and another exploiting everyone else. Deserted by banks and lacking credit, many people are forced to wander through a Wild West of payday lenders and check-cashing services thanks to the effects of deregulation in the 1970s that continue today, Mehrsa Baradaran shows.

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