Beware of Sharks

Issue 04-10-17   |   Reviewer:   J. Vincent Eagan, JD, Ph.D.


Loan Sharks: The Birth of Predatory Lending by finance professor Charles Geisst traces predatory lending from its beginning in the United States until the 1940s with the passage of the Uniform Small Loan Law across many states.

Geisst believes that loan sharking is the cause of stock market panics and structural banking problems, while also impeding economic recovery from financial crises.

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