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Gary Rivlin

Why My Late Bookmaker Father Would Not Like Payday Lending

Don McNay | Posted 09.27.2013 | Business
Don McNay

My father was a bookie and professional gambler who worked in several of the area's "hot spots." In a town full of hustlers, prostitutes and gamblers, the profession they looked down on was loan sharking.

Antonin Scalia's Son 'An Absolute Bulldog'

The Huffington Post | Chris Gentilviso | Posted 05.01.2013 | Politics

Perhaps the genes run in the family. Supreme Court Justice Antonin Scalia is a household name in Washington, but his son Eugene Scalia is not too f...

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.

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."

How about financial services that help, not exploit, the broke?

Patrice Peyret | Posted 05.25.2011 | Business
Patrice Peyret

I am midway through reading Gary Rivlin's new book, Broke, USA. As CNN Money contributor Dan Okrent puts it in his review, Rivlin's book is about the ...

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.

Naming Names: Every Bank and Business That Is a Subprime Lender

Gary Rivlin | Posted 05.25.2011 | Business
Gary Rivlin

How many of the country's largest, best-known banks and corporations took huge, deep gulps at the well of the poverty industry? Well, how much time do you have?