The Subprime Specter Returns: High Finance and the Growth of High-Risk Consumer Debt

Recognizing the risks to the public, regulators have begun to step in to curtail abuses and hold accountable those who violate the law in lending practices that affect all borrowers, including those with subprime credit scores. While default rates remain relatively low thus far with these subprime loans, we should guard against complacency. Despite the fact that large banks may be pulling back…

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Queer Precarity and the Myth of Gay Affluence

The LGBT movement’s laser-focus on marriage equality propagates the myth of gay and lesbian affluence as political strategy, leaving aside any analysis of class or economic inequality or poverty—much less an analysis of capitalism. LGBT people are typically depicted as affluent consumers with high disposable incomes, yet this is hardly the norm. The majority of LGBT/Q people are poor or working class, female, and people of color, who struggle to get a job or hold onto one, to pay their rent and care for themselves and the people they love.

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