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In Some Immigrant Enclaves, Loan Shark Is the Local Bank.

Authors :
Filkins, Dexter
Source :
New York Times. 04/23/2001, Vol. 150 Issue 51732, pA1. 0p. 1 Black and White Photograph.
Publication Year :
2001

Abstract

Addresses the prevalence of loan sharks, especially within Latino communities in the United States. Use of high interest rates in loan sharking; Example of Juan Luis of New York City who borrowed money from loan sharks to open a series of fried chicken stands; How loan sharking works, as opposed to traditional commercial banks; Changes that have occurred from loan sharks of the past, with links to the mob and brutality, to nearly becoming a mainstream institution.

Details

Language :
English
ISSN :
03624331
Volume :
150
Issue :
51732
Database :
Academic Search Index
Journal :
New York Times
Publication Type :
News
Accession number :
4352840