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SEQUENCE:18907667
CREATED:20160109T171900Z
DESCRIPTION:Sponsored by Strike Debt Bay Area...\n\nWriter and lawyer Mehrsa Baradaran 
 will be at Laurel Bookstore to read from her new book How the Other Half 
 Banks and talk about credit inequality in modern American banking.\n\nThe 
 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.\n\nCorporate megabanks with trillions of dollars in assets believe, 
 with some evidence, that they can run the government and control how money 
 works in the lives of people and the budgets of local governments. 
 Baradaran explains how banks and governments have always been in complex 
 relationships with each other; governments need banks to provide money 
 services to people, and banks need governments for protection against 
 economic fluctuations and to provide credit on favorable terms. But in the 
 21st century, American banks in particular have shed their social contract 
 with the American people and the U.S. government, demanding to be treated 
 as a private industry while enjoying all the benefits of a public service 
 industry.\n\nBaradaran 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.\n\nMehrsa Baradaran is Associate Professor at the University 
 of Georgia School of Law.\n 
 https://www.indybay.org/newsitems/2016/01/09/18781640.php
SUMMARY:"How the Other Half Banks" - Author Discussion on the Unbanked and Postal Banking
LOCATION:Laurel Books, in Oscar Grant Plaza\n1423 Broadway, Oakland, CA 94612, USA
URL:https://www.indybay.org/newsitems/2016/01/09/18781640.php
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