"Trick and Trap", "Ghetto Taxes" as Hidden Fees

"Trick and Trap", "Ghetto Taxes" as Hidden Fees

Claudia Cragg (@claudiacragg) speaks here with Devin Fergus (@devin_fergus), the Distinguished Professor of History and Black Studies, at the University of Missouri, about his new book, '"Land of the Fee: The Decline of the Middle Class and the Making of the New World Financial Order". "Consumer financial fees have helped to choke off dreams of the middle class and middle class aspirants alike," argues Fergus (History and Black Studies/Univ. of Missouri; Liberalism, Black Power, and the Making of American Politics, 1965-1980, 2009, etc.). In particular, Fergus investigates several common financial transactions that he contends involve hidden or excessive fees so egregious that they are damaging the economic well-being of Americans, including subprime mortgages, student loans, and payday lending. The damage these forms of borrowing have done to American households during and after the Great Recession is already well-known. Fergus traces in detail the discouraging story of congressional inaction by both political parties that has permitted lenders to sidestep usury laws as they burden unsophisticated borrowers with excessive interest and charges like origination fees and prepayment penalties.

Episoder(99)

Asylum, Umberto Nicola Nicoletti on

Asylum, Umberto Nicola Nicoletti on

Asylum: Author Umberto Nicola Nicoletti, Introduction by Filippo Grandi Claudia Cragg speaks here with author, Umberto Nicola Nicoletti, about his fine-art book Asylum. We discusses the phenomenon of ...

11 Jun 202333min

The Museum, Repositories of Controversy and The Stuff of Life

The Museum, Repositories of Controversy and The Stuff of Life

@claudiacragg (DM Twitter) speaks here with Samuel J Redman @samueljredman about his new book, A Short History of Crisis and Resilience. The work, Professor Redman says, celebrates as he sees it the r...

31 Aug 202234min

A Boost From The Late Great Maya Angelou

A Boost From The Late Great Maya Angelou

What better way to jump into 2022 than with a boost from a rebroadcast of our Maya Angelou interview? This month the US Mint will start shipping quarters featuring Angelou, the first black woman to ev...

6 Jan 202222min

For The Holidays, Become a 'Wallet Activist' with Tanja Hester

For The Holidays, Become a 'Wallet Activist' with Tanja Hester

Tanja Hester, @TanjaHester is the author of Wallet Activism: How to Use Every Dollar You Spend, Earn, and Save as a Force for Change (November 2021). Clear-eyed and practical, #WalletActivism helps an...

9 Des 202140min

First Genocide Verdict against Islamic State For Killings of Yazidis

First Genocide Verdict against Islamic State For Killings of Yazidis

(REPOST of June 2018 Interview with Dunya Mikhail) This week, a German court on Tuesday jailed a former Islamic State militant for life after convicting him of involvement in genocide and crimes again...

2 Des 202138min

The Struggle to Protect Health Care from the Violence of War

The Struggle to Protect Health Care from the Violence of War

Claudia Cragg (@claudiacragg) speaks here with Dr Leonard Rubinstein. @JohnsHopkins @bermaninstitute #CentreForPublicHealthAndHumanRights #CentreForHumanitarianHealth Bringing together extensive resea...

11 Nov 202125min

Celine-Marie Pascale Discusses 'Living On The Edge'

Celine-Marie Pascale Discusses 'Living On The Edge'

Claudia Cragg (Twitter: @claudiacragg) talks to Celine-Marie Pascale @cmpascale about her new book, 'Living On The Edge: When Hard Times Become A Way Of Life' published by @politybooks. For the majori...

28 Okt 202125min

Solving The Essential Racism and Sexism In The Occupy Movement

Solving The Essential Racism and Sexism In The Occupy Movement

Claudia Cragg (@claudiacragg - Twitter) talks with Heather Hurwitz about her book, 'Are We The 99%." Despite cries of "We are the 99%," signaling solidarity, certain groups were unwelcome or unable to...

14 Okt 202128min

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