This heady, fast-buck cocktail was spiked by the vodka of ‘secondary banks’. An emerging category of loosely-regulated lenders (sniffly referred to as ‘the fringe’ in the BOE report), these secondary banks borrowed short on the money markets and lent long to the developers. Few questioned...
In the 1970s there was an influx of corporate advertising, which was both a function of and spur to NASCAR’s growing national profile. NASCAR itself underwent a number of changes, with France stepping down as president in 1972 in favor of Bill France, Jr., his son. After years of exper...