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Broke USA

Debt Collectors, Social Darwinism and William Jennings Bryan

Don McNay | Posted 12.21.2014 | Business
Don McNay

In the over 90 years since William Jennings Bryan's death, we have seen scores of major atrocities played out with the theory of "survival of the fittest" as a motivating factor. We are also seeing it at every level of business and society.

Going for Your Dream Job

Don McNay | Posted 01.25.2013 | Business
Don McNay

Sometimes you get to fulfill your dreams. Sometimes you never knew they were your dreams until the opportunity knocks on your door. Or a headhunter calls out of the blue.

Getting Rich In Supposedly Illegal Businesses

Don McNay | Posted 04.22.2012 | Business
Don McNay

As a society, it would seem logical that we would want drug pushing, loan sharking and corporate influence peddling to stop. At the very least, we could go back to making it against the law.

The Politics of Discrediting America

Paul A. London | Posted 11.23.2011 | Politics
Paul A. London

Is the United States "broke"? John Boehner, the Republican Speaker of the House, says it is. According to Boehner, the U.S. is like a family in desp...

Legalized Loan Sharks

Don McNay | Posted 09.28.2011 | Business
Don McNay

"Financial reform" is a boon for people in the payday loan business. When people fall out of the world of traditional banking, they are still going to need bank-like services. Payday lenders will be in position to fill the gap.

A Beginner's Guide to Stopping Payday Lenders

Don McNay | Posted 05.25.2011 | Business
Don McNay

When people wanting to get rid of payday lending get organized and vote out a couple of payday lending supporters, the rest of the legislatures will take them seriously.

The Season for Tax Refund Ripoffs

Don McNay | Posted 05.25.2011 | Business
Don McNay

When 2/3 of the borrowers come from less than 1/5 of the population, it doesn't take a genius to see the business model. Tax refund loan vendors must view the working poor as easy pickings.

All the Devils Are Here: Best Business Book of the Year

Don McNay | Posted 05.25.2011 | Business
Don McNay

McLean and Nocera don't give us an idea as to where to look for angels. But the book is comprehensive, and I feel certain that all the devils are here.

Arthur Delaney

Extended Unemployment Could Outlast Extended Unemployment Insurance

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

WASHINGTON -- The government announced Friday morning that the unemployment situation barely changed in October. The unemployment rate has been stuck ...

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Business
Don McNay

If there was ever a shining example of why you should Move Your Money from Wall Street, legalized loan sharking is a good one.

Was "Financial Reform" Really Robin Hood In Reverse?

Don McNay | Posted 05.25.2011 | Business
Don McNay

"Financial Reform" will be a boom for people in the payday loan business. There will be many new customers who need bank-like services. It's almost like Congress implemented a plan of "Reverse Robin Hood."

Wall Street Journal Review Touts "Legalized Loan Sharks"

Don McNay | Posted 05.25.2011 | Business
Don McNay

Despite what the Wall Street Journal says, Broke USA is an even-handed look at the poverty industry. A little even-handedness would have gone a long way in the Wall Street Journal's review.

The Debt Relief Rip-Off

Don McNay | Posted 05.25.2011 | Business
Don McNay

Desperate people want to believe it's true. They want to believe that there are companies that can easily get rid of their credit card debt. More often than not, they are deeply disappointed.

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Books
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.