Quote:
Originally Posted by TheSquealer
I listed to Adam and Dr Dru this morning on my way to the gym and they replayed the part that started this conversation.
As Adam was commenting on parents needing to be more involved in their kids lives, their educations, need to keep families together, put an emphasis on saving money for bad times etc - Gavin interrupted by saying specifically that "50% of blacks and latinos have no access to checking accounts".
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About them not having access to checking accounts.
This, to me, means they are either here illegally (and even then they might be able to get a checking account. In some states you can get a drivers license even if you are illegal) or you have such a terrible banking history that the banks won't give you an account because they know you will just overdraw it.
I would like to hear from him exactly why these people don't have access to a checking account. Even if they have a horrible credit history and terrible banking history they should be able to get a savings account which would allow them to deposit money then get money orders/cashiers checks to pay bills or even get a debit card to use to pay for things.
The other day I saw Russell Simmons hawking some new debit card that allowed you to direct deposit paychecks into it and accept money with it. It sounds like it worked basically like a paypal account.