Money and Banking the Effect on the Poor

The exploitation of America's poor
The exploitation of the poor and elderly is an age-old social problem that is being taken to disturbing extremes by some of America's biggest conglomerate companies. In the article, "Fringe banks exploit the poor" written by Michael Hudson, Hudson reveals some of the United States larger corporations Ford, ITT Corp, Fleet financial services, Citicorp, And American Express have been the benefactors of aggressive lending practices through their subsidiary companies. …