(Read ebook) Loan Sharks: The Birth of Predatory Lending






#768986 in eBooks 2017-04-04 2017-04-04File Name: B01ERNSG06

Loan Sharks recounts the fascinating history of Americarsquo;s undeclared and ill-defined war on usury and loan sharking from the late nineteenth century through the Great Depression. Geisst gives us a well-documented intellectual history of the struggle with the nationrsquo;s predatory lenders anPredatory lending: A problem rooted in the past that continues today.Looking for an investment return that could exceed 500 percent annually; maybe even twice that much?Private, unregulated lending to high-risk borrowers is the answer, or at least it was in the United States for much of the period from the Civil War to the onset of the early decades of the twentieth century. Newspapers called the practice “loan sharkingrdquo; because lenders employed the same ruthlessness as the great predator...


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