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Book Review: Merchant of Misery
Review By Richard Alexander
Merchants of Misery, edited by Michael Hudson, is a searing examination of America's "poverty industry" by award-winning journalists from the Wall Street Journal, Barron's, the National Law Journal, Mother Jones, Southern Exposure and other publications.
Merchants of Misery reveals how brand-name Wall Street companies (Ford, Citibank, Bank of America, and American Express for starters) are bankrolling a growing empire of pawnshops, check-cashers and downscale financing operations. These predatory corporations are making millions by ripping off the nation's most economically vulnerable citizens with shady credit deals and outright fraud.
But some people are fighting back. Merchants of Misery shows how consumer attorneys, neighborhood activists and average folks are attacking the poverty industry with lawsuits, protests and creating alternatives that offer financial services at fair prices.
As Jonathan Kozol said, "This book should jolt and shock all fair-minded Americans and ought to lead to a congressional investigation of the finance industry."
Merchants of Misery is $14.95. To order call Common Courage Press, 1-800-497-3207
© Richard Alexander, 2000-2007.
Richard Alexander is a specialist in personal injury litigation with 30 years in-depth experience. Emphasizing working relationships with clients has led to an exceptional record of success. He has served as a member of the Board of Governors of The State Bar of California, President of the Santa Clara County Bar Association and the Board of Governors of Consumer Attorneys of California. He is a founding member of the National Association of Consumer Advocates, and heads Alexander Hawes, LLP.
Alexander Hawes, LLP is a California law firm that specializes in personal injury, wrongful death, and financial losses caused by negligence, defective products, toxic chemicals, corporate misconduct or insurance fraud on behalf of consumers, small investors, injured workers and small businesses. In addition to individual cases the firm prosecutes class actions for large groups of individuals who have suffered financial loss as a result of corporate fraud, defective consumer products, and environmental pollution. The firm holds Martindale-Hubbell's highest rating and is recognized in the List of Preeminent Law Firms in the U. S.
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