Niall Ferguson's series, "The Ascent of Money" looks like it could be good. Did you know that the root of credit is "Credo" Latin for I believe? What do you believe to loan money? That someone will repay the money that they have borrowed.
Why has it all gone wrong now? Because the heirs of the Moneylenders mantle became too greedy, not content with being able to make money by making the borrower pay back what was borrowed plus a bit more. The "bit more" is the important bit, how much that bit is, depends on many things, how long it's to be borrowed for, how "Credit Worthy" the person is and whether the money is "underwritten" or guaranteed. Credit worthy? Then you will be offered a low interest rate. Questionable Credit Rating? You pay more!!
Loan sharks are the direct decendents of Shylock from The Merchant of Venice. In fact, there may be many of our bankers that will, if Dante is correct, end up in their own circle of hell.where usurers are interned to suffer eternal damnation, so there may be some justice after all.
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