Broke, USA: From Pawnshops to Poverty, Inc.—how the Working Poor Became Big Business

By Gary Rivlin

For most people, the Great Crash of 2008 has meant troubling times. Not so for those in the flourishing poverty industry, for whom the economic woes spell an opportunity to expand and grow. These mercenary entrepreneurs have taken advantage of an era of deregulation to devise high-priced products to sell to the credit-hungry working poor, including the instant tax refund and the payday loan. In the process they've created an industry larger than the casino business and have proved that pawnbrokers and check cashers, if they dream big enough, can grow very rich off those with thin wallets.

Broke, USA is Gary Rivlin's riveting report from the economic fringes. From the annual meeting of the national check cashers association in Las Vegas to a tour of the foreclosure-riddled neighborhoods of Dayton, Ohio, here is a subprime Fast Food Nation featuring an unforgettable cast of characters and memorable scenes. Rivlin profiles players like a former small-town Tennessee debt collector whose business offering cash advances to the working poor has earned him a net worth in the hundreds of millions, and legendary Wall Street dealmaker Sandy Weill, who rode a subprime loan business into control of the nation's largest bank. Rivlin parallels their stories with the tale of those committed souls fighting back against the major corporations, chain franchises, and newly hatched enterprises that fleece the country's hardworking waitresses, warehouse workers, and mall clerks.

Timely, shocking, and powerful, Broke, USA offers a much-needed look at why our country is in a financial mess and gives a voice to the millions of ordinary Americans left devastated in the wake of the economic collapse.



    RELATED ARTICLES

STAFF PICKS: Bloomberg Picks 30

Posted November 19, 2010, 9:02 PM with category of Management & Workplace Culture
Here's a list we missed late last month. Though the post is rather cryptically titled Hellhound Bites Citigroup, Schwarzman Finds Gold Mine: Top Business Books, Bloomberg's James Pressley explains exactly why they put the list together: With so many business books being published each month, we’re often asked for recommendations. Here are 30 of our favorite hardbacks published this year. Read more




    SHARE THIS
Embedicon
 
9780061733215
eBook

  Choose a format

Price: $12.79/ea
LIST PRICE: $15.99

Paperback Non-returnable Discounts
Quantity Price Discount
1 - 24 $12.79 20%
25 - 99 $11.19 30%
100 - 499 $10.39 35%
500 - 999 $10.07 37%
ISBN: 9780061733208

About the Paperback

Publisher Harper Paperbacks
Publish date 06/07/2011
Pages 358
Availability Available
ISBN-13 9780061733208
ISBN-10 0061733202
Language English

Need 1000 or more?

Additional discounts may be available for print books. We also offer pricing for RETURNABLE orders. Please call 1-800-236-7323 or email us to request a quote.


Interested in eBooks?

If you would like pricing and availability on eBooks (25 copy minimum/US billing only), click the link below to send an email directly to our trusted digital distribution partner, BookShout.
Request a quote for eBooks

Other questions about eBooks can be directed to support@800ceoread.com.