Usury, Funds, and Banks
Author: Jeremiah O'Callaghan
Publisher:
Published: 1834
Total Pages: 396
ISBN-13:
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Author: Jeremiah O'Callaghan
Publisher:
Published: 1834
Total Pages: 396
ISBN-13:
DOWNLOAD EBOOKAuthor: Charles R. Geisst
Publisher: Brookings Institution Press
Published: 2017-04-04
Total Pages: 275
ISBN-13: 0815729014
DOWNLOAD EBOOKPredatory 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 lenders employed the same ruthlessness as the great predators in the ocean. Slowly state and federal governments adopted laws and regulations curtailing the practice, but organized crime continued to operate much of the business. In the end, lending to high-margin investors contributed directly to the Wall Street crash of 1929. Loan Sharks is the first history of predatory lending in the United States. It traces the origins of modern consumer lending to such older practices as salary buying and hidden interest charges. Yet, as Geisst shows, no-holds barred loan sharking is not a thing of the past. Many current lending practices employed today by credit card companies, payday lenders, and providers of consumer loans would have been easily recognizable at the end of the nineteenth century. Geisst demonstrates the still prevalent custom of lenders charging high interest rates, especially to risky borrowers, despite attempts to control the practice by individual states. Usury and loan sharking have not disappeared a century and a half after the predatory practices first raised public concern.
Author: Jeremy Bentham
Publisher:
Published: 1837
Total Pages: 54
ISBN-13:
DOWNLOAD EBOOKAuthor: Mehrsa Baradaran
Publisher: Harvard University Press
Published: 2015-10-06
Total Pages: 337
ISBN-13: 0674495446
DOWNLOAD EBOOKThe United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities—all thanks to deregulation that began in the 1970s and continues decades later. “Baradaran argues persuasively that the banking industry, fattened on public subsidies (including too-big-to-fail bailouts), owes low-income families a better deal...How the Other Half Banks is well researched and clearly written...The bankers who fully understand the system are heavily invested in it. Books like this are written for the rest of us.” —Nancy Folbre, New York Times Book Review “How the Other Half Banks tells an important story, one in which we have allowed the profit motives of banks to trump the public interest.” —Lisa J. Servon, American Prospect
Author: Mr.Jaromir Benes
Publisher: International Monetary Fund
Published: 2012-08-01
Total Pages: 71
ISBN-13: 1475505523
DOWNLOAD EBOOKAt the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
Author: Jeremiah O'Callaghan
Publisher:
Published: 1856
Total Pages: 566
ISBN-13:
DOWNLOAD EBOOKAuthor: Minnie Lush
Publisher: Dearborn Real Estate
Published: 2003
Total Pages: 484
ISBN-13: 9780793136995
DOWNLOAD EBOOKCombining state specific information with finance principals, this easy to read text explores the impact of financial markets on real estate transactions and discusses the growing role of technology in financing. It contains answer keys (PIN Access Only), and a chapter quiz at the end of each chapter.
Author: Calvin Elliott
Publisher: Library of Alexandria
Published: 2007-01-01
Total Pages: 314
ISBN-13: 1465500243
DOWNLOAD EBOOKAuthor: Bernard William Dempsey
Publisher:
Published: 1948
Total Pages: 264
ISBN-13:
DOWNLOAD EBOOKAuthor: Jesús Huerta de Soto
Publisher: Ludwig von Mises Institute
Published: 2006
Total Pages: 938
ISBN-13: 1610163885
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