[lbo-talk] Unbanked (was dd on microcredit)

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Oct 18 16:04:03 PDT 2006



> Cash is just easier to manage and probably less costly.

So, which is it:

a) "the poor don't have access to banking services" b) "cash is easier for the poor to manage"


> banks offer "no-fee" accounts because they are confident
> they will make it back and more in high overdraft fees

Yeah, I know what you mean: poor people are just too irresponsible to have access to banking services.

(*groan*)



More information about the lbo-talk mailing list