How the Other Half Banks : : Exclusion, Exploitation, and the Threat to Democracy / / Mehrsa Baradaran.

• Superior document: Title is part of eBook package: De Gruyter Harvard University Press Complete eBook-Package 2014-2015
• VerfasserIn: Baradaran, Mehrsa,
• Place / Publishing House: Cambridge, MA : : Harvard University Press, , [2015]; ©2015
• Year of Publication: 2015
• Edition: Pilot project. eBook available to selected US libraries only
• Language: English
• Physical Description: 1 online resource (336 p.)

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. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal…How the Other Half Banks is well researched and clearly written…The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect

Table of Contents

Frontmatter -- Contents -- Introduction -- 1. Governments and Banks -- 2. History of the Social Contract -- 3. Banks with a Soul -- 4. How the Other Half Borrows -- 5. Unbanked and Unwanted -- 6. Changing the World without Changing the Rules -- 7. Postal Banking -- 8. A Public Option in Banking -- Notes -- Acknowledgments -- Index