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Record Nr. |
UNINA9910813488003321 |
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Autore |
Geisst Charles R. |
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Titolo |
Loan sharks : the birth of predatory lending / / Charles R. Geisst |
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Pubbl/distr/stampa |
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Washington, District of Columbia : , : Brookings Institution Press, , 2017 |
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©2017 |
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ISBN |
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Descrizione fisica |
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1 online resource (ix, 261 pages) : illustrations |
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Disciplina |
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Soggetti |
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Usury - United States - History |
Consumer credit - United States - History |
Finance - United States - History |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Introduction -- A populist issue -- A venerable practice -- The states attack -- The Crash as a credit event -- The Great Depression -- Postscript. |
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Sommario/riassunto |
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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 #x93;loan sharking" because lenders employed the same ruthlessness as the great predators in the ocean. Slowly state and federal governments adopted laws and regulations curtailing the practice. |
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