Loan sharks can play a useful economic role

Hear the term “loan shark” and what do you think of? Probably a desperate borrower going to Tony Soprano and, later on, having his legs broken for paying late. No doubt that occurs. But as I press my first-year contracts students to understand, those who lend money to the poor, even at extravagant rates of…

Subscriber Only

Subscribe with Providence Business News to keep reading.

Get unlimited access now for $1 for 4 weeks

Subscribe now for $1
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -