For the majority of of this twentieth century, banking had been a business that is protected.

For the majority of of this twentieth century, banking had been a business that is protected.

Tom Nix is high and trim with quick grey locks, narrow-set eyes and faintly ruddy epidermis. He’s a 40-foot motorboat he loves to sail down Catalina Island, as well as the sticker in the bumper of his brand new Lexus states that that’s what he’d instead be doing. He wears a banker’s suit, also for ambling around Compton and Watts, which he does just like a small-town mayor, greeting everyone else whom passes by. “How you doing?” he said, nodding, once we passed a new black colored man in a baggy Sixers jersey that hung down seriously to their knees. Nix is white; almost all of their clients aren’t.

Nix found myself in check cashing by accident. Their dad, Tom Nix Sr., handled a fleet of motorists whom delivered bread home to home, the real method the milkman delivered milk. Because of the 1960s, distribution had been a dying company, but at the warehouse in south L.A. where Nix’s motorists loaded their trucks, locals, mostly bad, mostly black colored, would come around to buy bread that is day-old. So Nix’s daddy began offering food out of this warehouse.

Nix took me personally to understand old shop. Now it is called Pancho Grande. A mural for the Virgin Mary, in bright hues, stands taller compared to home. The area, as soon as nearly totally black, is currently mostly Latino, Nix explained, a change that occurred across south L.A. as immigrants arrived up from Mexico and families that are black for the inland suburbs. Once the Nix shop had been here, mom-and-pop food markets and liquor places often cashed checks free. But between bad checks and bounced checks, ace cash express loans locations shopkeepers within the community destroyed cash, and even though they might turn away those who seemed dangerous — whatever risky appeared to be for them. Therefore within the early 1970s, Nix Jr., that has become their father’s partner, made a photograph ID due to their clients and ordered his very first photoscope, then an arcane brand new protection device. Read More