Capital's Money Store helped drive subprime loan boom
"Compared to what evolved, we were buggy whip makers. It changed so rapidly. The Money Store was a pioneer of securitization. It showed Wall Street that it could be done. Then the investment guys just kept pushing the envelope." JOHN WAGNER, left, former executive... read the full story
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New Jersey [...] be considered Subprime 1.0. The firm, founded in New Jersey as the Modern Acceptance Corp. in 1967, moved to [...]
Modern Acceptance Corp. [...] 1.0. The firm, founded in New Jersey as the Modern Acceptance Corp. in 1967, moved to a Victorian in midtown [...]
United States [...] Sacramento riverfront. But after a spectacular U.S. housing crash in which subprime lending played a [...]
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