Lending

The First Supper

September 23, 2009
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An embarrassing moment sparks a multibillion dollar industry. In 1949, Frank McNamara, head of the Hamilton Credit Corp., went out to eat with some of his buddies. At the dinner were Alfred Bloomingdale (grandson of the founder of Bloomingdale’s department store) and Ralph Sneider, McNamara’s attorney. The three men ate...
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