Dec 23

Quick Cash: The Story of the Loan Shark

Loan sharks may conjure up an image of tough guys in fedoras looking to make a profit off of desperate people in dire financial straits, but in reality, lenders who advance small sums of cash at high interest rates until payday existed long before organized crime entered the trade. Today the businesses that fill this niche in the credit market prefer the name ‘payday lenders’ rather than loan sharks, but most large cities are still a hotbed of usurious lending, and the landscapes are dotted with their inviting and brightly colored storefronts. Despite their more respectable name, these predatory lenders have endured through regulation, prohibition, and the rise and fall of the mob since the late 1800s. In this intriguing and accessible

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Hibernia Savings & Loan Society FLEET SOUVENIR May 1908 San Francisco CA
US $6.99 (1 Bid)
End Date: Sunday Feb-05-2012 15:02:09 PST
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Ontario Canada Hamilton Landed Banking Loan Co Building Postcard Old Vintage PC
US $1.75 (4 Bids)
End Date: Sunday Feb-05-2012 15:03:21 PST
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Sep 09

The Foreclosure of America: The Inside Story of the Rise and Fall of Countrywide Home Loans, the Mortgage Crisis, and the Default of the American Dream

From Countrywide’s former Senior VP of Marketing, the first engrossing inside look at Countrywide Home Loans, how the mortgage crisis started-and where it may end.

In July 2004, Adam Michaelson entered “The Vault”-an underground bunker at Countrywide headquarters-for a meeting about a new loan product that would allow borrowers to pay less than their minimum monthly payment. After the “finance jocks” proudly made their case, Michaelson asked one question: “Are you nuts?” Countrywide’s decision-makers believed these new exotic loans were “worth the risk.” The booming housing market would only get bigger, with ever-increasing home values supporting homeowners in a never-ending cycle of borrowing against the virtual value of their homes

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List Price: $ 25.95

Price: $ 3.78

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