Insider lending photograph

Insider Lending

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Originally published June 24, 1994
Authors Naomi Lamoreaux
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Date of Upd.
ID1979522
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About Insider Lending


Banks in early nineteenth-century New England functioned very differently from their modern counterparts. Most significantly, they lent a large proportion of their funds to members of their own boards of directors or to others with close personal connections to the boards. . . .

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