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Q: financial news article ( Answered,   0 Comments )
Subject: financial news article
Category: Reference, Education and News
Asked by: crypto13-ga
List Price: $2.00
Posted: 29 Nov 2003 11:47 PST
Expires: 29 Dec 2003 11:47 PST
Question ID: 281681
Read recently in The Houston Chronicle: What is the complete text? of
the following quote?

"a cash bank of sorts..where the same rules adhere that apply to the
lending institutions."
Subject: Re: financial news article
Answered By: luciaphile-ga on 01 Dec 2003 14:22 PST
Hi crypto13-ga,

Thanks for your question.

The full quote is as follows: 
"Aside from the stereotype pawning evokes, the industry is highly
regulated. It is a cash bank of sorts, and the same rules adhere that
apply to lending institutions. A report on each item on pawn is sent
to the police, and if it was ever 'hot,' the pawn owner ends up losing
the item, thus the money."

"Pawn Shop Offers More Than Usual Fare," by Carol E. Vaughn. Houston
Chronicle. October 24, 2002, p. 4.

You may purchase an online pass to the Houston Chronicle's archives
for a fee at their web site.
Houston Chronicle Archives

"Houston Chronicle"
"cash bank of sorts"
Went to a newspaper index and limited to Houston Chronicle. Searched
with "cash bank of sorts"

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