Good Reading: “The Poverty Business”

The recent collapse of a number of sub-prime lenders highlighted the risks that lenders in these markets face. Less well-known is the story that BusinessWeek Magazine covers this week, called The Poverty Business which goes into detail about the problems and issues that sub-prime borrowers face regarding high interest loans, payday loan companies, education and health issues, etc. This article is well worth reading, as it paints quite a different life for most borrowers.