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In Some Immigrant Enclaves, Loan Shark Is the Local Bank.
- 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.
- Subjects :
- *USURY
*IMMORAL contracts
*LOANS
*INTEREST rates
*RATES
Subjects
Details
- Language :
- English
- ISSN :
- 03624331
- Volume :
- 150
- Issue :
- 51732
- Database :
- Academic Search Index
- Journal :
- New York Times
- Publication Type :
- News
- Accession number :
- 4352840