>Aren't alot of those check cashing joints owned by big Wall St. concerns? I
>think this book from Common Courage Press goes into this. Merchants of
>Misery
>How Corporate America Profits from Poverty
>
>Edited by Michael Hudson
>Introduction by Rep. Maxine Waters
Yup, that book has the goods on all of them. Lots of the bloodsuckers are owned by bigger, "respectable" houses - esp some of the subprime mortgage purveyors.
>P.S. Doug, think your friend Bob Fitch might have some thoughts on this
>thread? I remember in the early 70's in Socialist Revolution a debate
>between Fitch, Oppenheimer, Jim O'Connor and Paul Sweezy on Bank Control of
>U.S. Corps.
Fitch was a bit ahead of things then, as he now concedes.
By the way, when I was researching Wall Street, I got a bunch of old SRs with Fitch's pieces in them. It was amazing to see how most contributors were convinced that the revo was just around the corner. Perversely reassuring, I suppose, how much assumptions can change over time; as bad as things may look now, they could look a lot different in 30 years. Of course, I'll probably be circling the bucket by then, if I haven't already kicked it.
Doug