Understanding the connection between big banks and payday lenders is essential to understanding the scope of the cultural, fiscal and political breakdowns of the past decade.
The book is definitely biased. The money lenders and big banks are bad guys; the class-action lawyers and activists are good guys. I'm curious both about the financial incentives of the good guys as well as the veracity of the bad guys claim that they provide fair and essential services to the working poor. The book never plays devil's advocate and it suffers for it.
The book does, however, thoroughly analyze the tactics used by title loaners, payday lenders, rent-to-own retailers and, yes, large "legitimate" banks to extract what can only be described as punitive fees from the working poor.
No matter how libertarian one's leanings, the sheer magnitude of the so-called "poverty industry" is bracing. Furthermore, the industry's combination of ego, victimhood, righteous indignation and seemingly boundless greed make it difficult to accept as the normal machinations of a completely deregulated free market.
Will Patton, a Carolinian, is both a fantastic actor and capable of authentic Southern drawls.
That the massive success of the poverty industry has influenced trends in "legitimate" business like car dealers, big box retailers and private real estate developers.
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