But in other asset bubbles, bank lending plays a minor role, or none at all.
In a paper titled, "Zombie lending and depressed restructuring in Japan", they write This paper explores the role that misdirected bank lending played in prolonging the Japanese macroeconomic stagnation that began in the early 1990s.
ARNOLD KLING doesn't like the Consumer Financial Protection Agency, in part because he doesn't buy the argument that predatory lending played any significant role in the financial crisis.What about predatory lending?
Subprime lending played a role in several bank failures last year, including BestBank of Boulder, Colo., which sold high-interest credit cards as part of a travel-club membership to consumers nationwide with inferior credit records.
Library lending plays a big if unquantifiable role in nurturing a love of reading.Some even wonder if e-lending is in the libraries' interests, since it encourages people to stay at home, rather than use them as a public space (one reason why they enjoy taxpayers' backing).
Its reckless lending played a large, though by no means the only, part in tipping the entire state perilously close to bankruptcy.
And just as with the American subprime crisis, and the current plight of many American cities, Wall Street's predatory lending played an important although little-recognized role.
In return, the industry received early drafts of the paper, provided line-by-line revisions, suggested deleting a section that reflected poorly on payday lenders, and even removed a disclosure detailing the role payday lending played in the preparation of the paper.
In this new work the playwright, Future D Fidel, has drawn on his own harrowing story, lending the play a heartfelt authenticity.
The director, Petronia Paley, and the excellent cast draw you in, lending the play's middle section a tense ambiguity.
