In poor areas across the country, banks have been replaced with check-cashers and pawn shops. While both liberals and conservatives extol the virtues of savings, the recent trend encourages just the opposite.
Louis JacobsonDec 19, 2001
As Ross Perot might say, there's a great sucking sound coming from America's poor neighborhoods these days -- the sound of large chunks of paychecks and benefit checks flowing into the pockets of check-cashers, at five times what it would cost a typical bank to provide similar services.
