02320nam 2200529 450 991081348800332120200520144314.00-8157-2901-4(CKB)3710000001012310(OCoLC)968552571(MdBmJHUP)muse53669(Au-PeEL)EBL4551759(CaPaEBR)ebr11329223(CaONFJC)MIL989716(OCoLC)952139309(MiAaPQ)EBC4551759(EXLCZ)99371000000101231020170117h20172017 uy 0engur|||||||nn|ntxtrdacontentcrdamediacrrdacarrierLoan sharks the birth of predatory lending /Charles R. GeisstWashington, District of Columbia :Brookings Institution Press,2017.©20171 online resource (ix, 261 pages) illustrationsIncludes index.0-8157-2900-6 Includes bibliographical references and index.Introduction -- A populist issue -- A venerable practice -- The states attack -- The Crash as a credit event -- The Great Depression -- Postscript.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.UsuryUnited StatesHistoryConsumer creditUnited StatesHistoryFinanceUnited StatesHistoryUsuryHistory.Consumer creditHistory.FinanceHistory.332.8/3097309041Geisst Charles R.249703MiAaPQMiAaPQMiAaPQBOOK9910813488003321Loan sharks4041032UNINA