Download or read book The Great Texas Savings Loan Financial Debacle written by and published by AuthorHouse. This book was released on with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Great Texas Savings and Loan Financial Debacle written by Tom S. King and published by . This book was released on 2006 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Great Texas Banking Crash written by Joseph M. Grant and published by University of Texas Press. This book was released on 1996-01-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the decades from 1982 to 1992, Texas banks failed at a rate unprecedented in United States history, even including the Great Depression of the 1930s. In all, 506 Texas commercial banks failed (accounting for 36% of all failures nationally), including seven of the ten largest banks in Texas. In this fascinating insider's account, Joseph M. "Jody" Grant, former chairman and chief executive officer of Texas American Bancshares, Inc. of Fort Worth (the seventh largest), tells the story of the collapse of Texas' major banks. He vividly re-creates the three-year struggle to save his own organization, Texas American Bancshares. This sobering account makes a compelling case against the FDIC's handling of Texas' financial crisis. In Grant's view, the bank failures have deprived Texas of the engine of capital that spawned the nation's third largest industrial economy, built Texas' major cities, bankrolled its entrepreneurs, and provided a pool of talented business and civic leaders. Grant's book will be thought-provoking reading for everyone in the financial community, as well as for students of Texas history and of business and government relations.
Download or read book S L Hell The People and the Politics Behind the 1 Trillion Savings and Loan Scandal written by Kathleen Day and published by W. W. Norton & Company. This book was released on 1993-05-17 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: The savings and loan debacle is the costliest scandal in the country's history. How could such a catastrophe have occurred? The most remarkable thing about the collapse of the savings and loan industry is that so many of the major participants--the regulators, politicians, and S&L operators themselves--chose to do nothing as they watched problems mount and taxpayer liabilities grow. That choice was dictated by a variety of motives: greed, political self-interest, and even (sometimes) misguided good intentions. Whatever the motives, this collective interest in hiding the debacle made it certain that the industry's final fall would come with an enormous bang, one that would force administrations that professed a free market philosophy essentially to nationalize a majority of the nation's thrifts. As a result, the industry in many respects became one of the best examples of socialism in the U.S. economy.
Download or read book Big Money Crime written by Kitty Calavita and published by Univ of California Press. This book was released on 1999-05-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth scrutiny into the American savings and loan financial crisis in the 1980s. The authors come to conclusions about the deliberate nature of this financial fraud and the leniency of the criminal justice system on these 'Gucci-clad white-collar criminals'.
Download or read book The Daisy Chain written by James E. O'Shea and published by Beyond Words/Atria Books. This book was released on 1991 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did this country allow $250 billion to be stolen, squandered and finally sucked down the drain in a scandal that Newsweek has called "the biggest financial mess in U.S. history"? The definitive -- and uproariously entertaining -- answer lies in this prize-winning account of how the cleanest little savings & loan in Texas became the government's black hole -- once Big Bad Don Dixon rode into town.
Download or read book High Rollers written by Martin Lowy and published by Bloomsbury Publishing USA. This book was released on 1991-07-30 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lowy avoids the easy answers, like blaming it on fraud and greed, and explains how something of this magnitude could occur under the noses of those who should have protected the taxpayer. Paul M. Horvitz, University of Houston Market forces, not scoundrels, destroyed the savings and loan business. So says Martin Lowy in what is truly an inside look at the savings and loan crisis. Drawing upon his experience as a practicing attorney, bank officer, and savings and loan director, Lowy provides an expert account of the problems that have overwhelmed the nation's savings institutions and their government regulators. High Rollers is the first book on the S&L crisis that provides an analytical groundwork for technical and nontechnical readers--so that both can comprehend what happened. Lowy's clear, readable style allows him to quickly describe the origins of the problems in new market forces and new technologies, and how the problems grew out of control as a result of regulatory mistakes and congressional inaction. Even his discussions of real estate lending practices and accounting issues are, in the words of Professor Horvitz, both clear to the novice and instructive to the professional.
Download or read book Inside Job written by Stephen Pizzo and published by Open Road Media. This book was released on 2015-09-29 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller: A history of the S&L scandal that caused a financial disaster for American taxpayers: “Hard to put down” (Library Journal). For most of the 20th century, savings and loans were an invaluable thread of the American economy. But in the 1970s, Congress passed sweeping financial deregulation at the insistence of industry insiders that allowed these once quaint and useful institutions to spread their taxpayer-insured assets into new and risky investments. The looser regulations and reduced federal oversight also opened the industry to an army of shady characters, white-collar criminals, and organized crime groups. Less than 10 years later, half the nation’s savings and loans were insolvent, leaving the American taxpayer on the hook for a large hunk of the nearly half a trillion dollars that had gone missing. The authors of Inside Job saw signs of danger long before the scandal hit nationwide. Decades after the savings and loan collapse, Inside Job remains a thrilling read and a sobering reminder that our financial institutions are more fragile than they appear.
Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
Download or read book The Lost Bank written by Kirsten Grind and published by Simon and Schuster. This book was released on 2013-07-16 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.
Download or read book The Great Savings and Loan Debacle written by James R. Barth and published by Special Analysis. This book was released on 1991 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, the author argues that federal deposit insurance itself is largely to blame for the savings and loans disaster of the 1980s.
Download or read book The Savings and Loan Crisis written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs and published by . This book was released on 1989 with total page 790 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Best Way to Rob a Bank is to Own One written by William K. Black and published by University of Texas Press. This book was released on 2014-01-15 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the corrupt strategies of CEOs and CFOs, in collusion with those who have regulatory oversight of their industries, that are used to defraud companies for their personal gain.
Download or read book Guaranteed to Fail written by Viral V. Acharya and published by Princeton University Press. This book was released on 2011-03-14 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why America's public-private mortgage giants threaten the world economy—and what to do about it The financial collapse of Fannie Mae and Freddie Mac in 2008 led to one of the most sweeping government interventions in private financial markets in history. The bailout has already cost American taxpayers close to $150 billion, and substantially more will be needed. The U.S. economy--and by extension, the global financial system--has a lot riding on Fannie and Freddie. They cannot fail, yet that is precisely what these mortgage giants are guaranteed to do. How can we limit the damage to our economy, and avoid making the same mistakes in the future? Guaranteed to Fail explains how poorly designed government guarantees for Fannie Mae and Freddie Mac led to the debacle of mortgage finance in the United States, weighs different reform proposals, and provides sensible, practical recommendations. Despite repeated calls for tougher action, Washington has expanded the scope of its guarantees to Fannie and Freddie, fueling more and more housing and mortgages all across the economy--and putting all of us at risk. This book unravels the dizzyingly immense, highly interconnected businesses of Fannie and Freddie. It proposes a unique model of reform that emphasizes public-private partnership, one that can serve as a blueprint for better organizing and managing government-sponsored enterprises like Fannie Mae and Freddie Mac. In doing so, Guaranteed to Fail strikes a cautionary note about excessive government intervention in markets.
Download or read book The Savings and Loan Problem in the United States written by Stanley C. Silverberg and published by World Bank Publications. This book was released on 1990 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The institutional arrangements for U.S. savings and loan institutions were a disaster waiting to happen. Recent economic events and government policies made it a big disaster. Developing countries can learn some important lessons from this experience.
Download or read book Silverado written by Steven K. Wilmsen and published by . This book was released on 1991 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Steven Wilmsen, a reporter for the Denver Post was first to break the story of Neil Bush and the savings and loan scandal. Now, in Silverado, Wilmsen reveals many of the fascinating details which have never before app eared in print. This book is a sure-fire bestseller that could change the face of the 1992 political campaign. 20 photographs.
Download or read book The Greatest ever Bank Robbery written by Martin Mayer and published by Scribner Book Company. This book was released on 1990 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: An account of the savings-and-loan scandal of the 1980s describing its causes and results.
