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Why Goldman Sachs Is Lending to the Middle Class

Zeke Faux, Shahien Nasiripour
Why Goldman Sachs Is Lending to the Middle Class

Kade Parker had never heard of Goldman Sachs Group Inc. in 2016, when a letter from the bank offering his wife a loan arrived at his house in Hornbeck, La. (population 480). The 27-year-old oil worker had recently taken a pay cut and needed to reduce his monthly credit card bills. After calling to make sure it wasn’t a scam, he says he took out a loan for around $15,000.