Loan Sharks recounts the fascinating history of America’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
Predatory 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 sharking” because lender... [PDF.xs24] Loan Sharks: The Birth of Predatory Lending Rating: 4.82 (777 Votes)
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