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‘A way of monetizing poor people’: How private equity firms make money offering loans to cash-strapped Americans

‘A way of monetizing poor people’: How private equity firms make money offering loans to cash-strapped Americans
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"As treasury secretary, Tim Geithner criticized predatory lenders. Now the private equity firm he leads runs a company that mails high-rate loans to risky customers."

Read full essay at The Washington Post ↗
Added by @Longreads.com
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