Money to Loan

Joseph M. Newman
1939-03-11

6
20 min

The MGM crime reporter introduces Norman Kennedy, District Attorney of a large city, he who talks about the general want for money, and the extraordinary lengths some will go to to get it. The loan sharking business has that want for money on both sides. He tells the story of one such loan shark, Stephen Hanley, who tried to pass his company off as a legitimate loan business, but who charged exorbitant rates, and used extortion and fraud to get out of his customers even more than what they may have owed on paper.