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Loan Sharking

Lawsuit Loans Are 'Legal Loan-Sharking,' Critics Say

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Over the last decade, banks, hedge funds and private investors have begun pumping money into other people's lawsuits in the hopes of sharing in the po...

William Alden

Bailed-Out Banks Finance 'Legalized Loan Shark' Lenders, Says New Report

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

Big banks that received TARP bailout money are funding payday lenders -- companies Senator Dick Durbin (D - Ill.) termed "bottom feeders" -- and which...

Wall Street and Legalized Loan Sharks

Don McNay | Posted 05.25.2011 | Books
Don McNay

Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.