Jody Agius Vallejo - University of Southern California
‘Robin Hood Banking and Diamonds in the Rough’: Latino Ethnobanks, Federal Regulation, and Restricted Social and Economic Capital
Date: 10/16/2014 (Thu)
Time: 3:30pm- 5:00pm
Location: Seminar will be held on-site: Gross Hall - 103
Organizer: Lisa Keister
Meeting Schedule: Login or email the organizer to schedule a meeting.
All meetings will be held in the same location as the seminar unless otherwise noted.
9:30am - 9:15 Breakfast with Martin Ruef at WaDuke
10:00am - Martin will take Jody to sociology
10:30am - Eduardo Bonilla-Silva - in sociology
11:00am - Hang Young Lee - in sociology
11:30am - Richard Benton - in sociology
12:00pm - Lunch with Raphael Charron-Chenier and students
1:15pm - Open for Students
1:45pm - Angel Harris - in sociology
2:15pm - Jessi Streib - in sociology (will walk her to Gross)
2:45pm - Giovanna Merli
3:15pm - Prepare for seminar
3:30pm - Seminar Presentation (3:30pm to 5:00pm)
6:00pm - Dinner - Keister, Smith-Lovin, Yang, and Moody
Additional Comments: ABSTRACT: Scholars question whether Latino, especially Mexican American, communities contain social, financial, and ethnic resources that foster mobility and integration. This research examines Latino ethnobanks in Los Angeles that are chartered by Mexican American elites. We find that Mexican American elites charter ethnobanks to make a profit, but they operate them within a “banktivist” model. They view Latino ethnobanks as community capital institutions that have the potential to grow the Latino middle class by providing access to capital for Latino entrepreneurs. However, a history of financial marginalization combines with historically contingent market conditions to create structural barriers to accessing credit, leading bonds of ethnic solidarity between Latino entrepreneurs and banks to dissolve.