Coverart for item
The Resource How the other half banks : exclusion, exploitation, and the threat to democracy, Mehrsa Baradaran

How the other half banks : exclusion, exploitation, and the threat to democracy, Mehrsa Baradaran

Label
How the other half banks : exclusion, exploitation, and the threat to democracy
Title
How the other half banks
Title remainder
exclusion, exploitation, and the threat to democracy
Statement of responsibility
Mehrsa Baradaran
Creator
Subject
Language
eng
Summary
"The United States has two separate banking systems today -- one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities -- all thanks to deregulation that began in the 1970s and continues decades later. / In an age of corporate megabanks with trillions of dollars in assets, it is easy to forget that America's banking system was originally created as a public service. Banks have always relied on credit from the federal government, provided on favorable terms so that they could issue low-interest loans. But as banks grew in size and political influence, they shed their social contract with the American people, demanding to be treated as a private industry free from any public-serving responsibility. They abandoned less profitable, low-income customers in favor of wealthier clients and high-yield investments. Fringe lenders stepped in to fill the void. This two-tier banking system has become even more unequal since the 2008 financial crisis. /Baradaran proposes a solution: reenlisting the U.S. Post Office in its historic function of providing bank services. The post office played an important but largely forgotten role in the creation of American democracy, and it could be deployed again to level the field of financial opportunity."--Jacket
http://library.link/vocab/creatorDate
1978-
http://library.link/vocab/creatorName
Baradaran, Mehrsa
Dewey number
332.10973
Index
index present
Language note
In English
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/subjectName
  • Banks and banking
  • Financial services industry
  • Check cashing services
  • Postal savings banks
Label
How the other half banks : exclusion, exploitation, and the threat to democracy, Mehrsa Baradaran
Instantiates
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
Governments and banks -- History of the social contract -- Banks with a soul -- How the other half borrows -- Unbanked and unwanted -- Changing the world without changing the rules -- Postal banking -- A public option in banking
Control code
ocn927140580
Dimensions
unknown
Extent
1 online resource (328 pages)
File format
unknown
Form of item
online
Isbn
9780674495425
Level of compression
unknown
Note
eBooks on EBSCOhost
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)927140580
Label
How the other half banks : exclusion, exploitation, and the threat to democracy, Mehrsa Baradaran
Publication
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Color
multicolored
Contents
Governments and banks -- History of the social contract -- Banks with a soul -- How the other half borrows -- Unbanked and unwanted -- Changing the world without changing the rules -- Postal banking -- A public option in banking
Control code
ocn927140580
Dimensions
unknown
Extent
1 online resource (328 pages)
File format
unknown
Form of item
online
Isbn
9780674495425
Level of compression
unknown
Note
eBooks on EBSCOhost
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)927140580

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