Commentary: Sub-Prime Market Failure Should Serve As Lesson
New Orleans City Business › March 20, 2007
Linked as:
Summary
Is New Orleans a sub-prime market? It is, but so is the rest of the country.
Loaning money to borrowers with shaky credit is, was and will be big business. Going back as far as we like in history, there is evidence people with access to capital tend to make money by lending money to folks who can't afford to borrow but do anyway.See the full content of this document
Extract
Commentary: Sub-Prime Market Failure Should Serve As Lesson
Sub-prime is the catchy, clever and modern way to describe what we used to call high risk and usurious. High-risk lending, like high- risk borrowing, is expensive but very attractive.
From the mobster on the corne...See the full content of this document
Sponsored links
