Download or read book The Savings and Loan Rescue of 1989 written by George G. Kaufman and published by . This book was released on 1989 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 From Building and Loans to Bail outs written by David Lawrence Mason and published by . This book was released on 2001 with total page 920 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most prosperous period for thrifts came after World War II when millions of American families sought homes. The demand for mortgages caused some thrifts to grow rapidly into multi-billion dollar associations, while others remained smaller and community oriented. These changes, combined with increased competition from other financial institutions, led thrift leaders and government officials to consider allowing thrifts to move away from their specialized focus on providing home finance. In the early 1980s thrifts were deregulated, a move that was criticized following the failure of hundreds of associations. An analysis of how two thrifts dealt with deregulation indicates that problems of the decade were more complex, and as such places the S&L crisis in a proper perspective.
Download or read book Financing the S L Rescue Package 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 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book History of the Eighties written by and published by . This book was released on 1997 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Restructuring the American Financial System written by George G. Kaufman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the periodic malfunctions in important sectors of the finan cial services industry in recent years, such as commercial banking, thrift institutions, and the securities market, numerous proposals have been developed for restructuring the financial system to improve both its safety and efficiency. Among the groups analyzing the performance of the financial system and recommending changes where necessary, has been the Shadow Financial Regulatory Committee. This Committee, which is described in greater detail in Chapter 1, consists of 12 independent banking experts from the academic and practitioner worlds that meet quarterly to analyze current developments in the financial services indus try and to make recommendations for improvements that would be in the public interest. The purpose of the Committee, its members, and a listing of policy statements are included in the Appendix. All but one of the chapters in this volume represent essays by indi vidual members of the Committee on issues discussed by the Committee at recent meetings and that, for the most part, resulted in policy state ments. They basically discuss the reasons for the policy statement adopted and place the issue in perspective. Where appropriate, the rele vant section of the respective policy statement is presented at the begin ning of each chapter. Each essay, however, reflects only the views of the individual author and not necessarily those of other members of the Committee or of the Committee as a whole.
Download or read book Restructuring the Savings and Loan Industry written by Robert Howe and published by . This book was released on 1989 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Savings and Loan Crisis written by James R. Barth and published by Springer Science & Business Media. This book was released on 2006-04-11 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Robert L. Bartley Editor Emeritus, The Wall Street Journal As this collection of essays is published, markets, regulators and society generally are sorting through the wreckage of the collapse in tech stocks at the turn of the millennium. All the more reason for an exhaustive look at our last “bubble,” if that is what we choose to call them. We haven’t had time to digest the lesson of the tech stocks and the recession that started in March 2001. After a decade, though, we’re ready to understand the savings and loan “bubble” that popped in 1989, preceding the recession that started in July 1990. For more than a half-century, we can now see clearly enough, the savings and loans were an accident waiting to happen. The best insurance for financial institutions is diversification, but the savings and loans were concentrated solely in residential financing. What’s more, they were in the business of borrowing short and lending long, accepting deposits that could be withdrawn quickly and making 20-year loans. They were further protected by Regulation Q, allowing them to pay a bit more for savings deposits than commercial banks were allowed to. In normal times, they could ride the yield curve, booking profits because long-term interest rates are generally higher than short-term ones. This world was recorded in Jimmy Stewart’s 1946 film, It’s a Wonderful Life.
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 Savings and Loan S L Coverage Ignores Root Causes and Progressive Options written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Savings and Loan (S & L) Coverage Ignores Root Causes and Progressive Options" is an article written by Patrick Bond that originally appeared in the March/April 1989 issue of "Extra!," a publication of Fairness and Accuracy in Reporting (FAIR). The author discusses the media coverage of the savings and loan crisis of the 1980s and the failure of the news media to provide analysis of how the crisis relates to broader economic questions.
Download or read book S L Hell written by Kathleen Day and published by W. W. Norton. This book was released on 1993 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The savings and loan mess is the greatest financial scandal in our nation's history. Over the course of the 1980s, that mess grew from a relatively modest problem early in the Reagan presidency to one that will cost an unimaginable $1 trillion - $4,000 for every man, woman, and child in the United States." "S & L Hell offers the most complete account of the causes of the catastrophe, spotlighting the role of the bumbling regulators, greedy thrift operators, sleazy lobbyists, venal and foolish politicians, presidents and a White House staff that consistently ignored the disaster - and the few heroes who struggled gamely to combat the looming problem. Its account is told through the stories of the leading players, men like the S&L president who dressed like a king and served his guests lion and antelope meat; the U.S. League of Savings Institutions, lobbyists who spread money (and much more) through the halls of the Capitol; the powerful representatives and senators, cutting deals in hallways, cloakrooms, and remote offices, "lawmakers" whose roles the scandal helped drive from office; the happy-go-lucky public relations man in over his head, who, as chairman of the Federal Home Loan Bank Board, found himself called upon to prevent a fiscal collapse of epic proportions. And the role that George Bush and his son Neil played in the debacle - a role much larger than the public has been made aware." "By taking the reader into agency back offices and congressional committee rooms where the crucial decisions were being made - such as that to raise FDIC insurance to $100,000 - S & L Hell also explores questions of continuing importance: the inevitable dangers when regulators first coddle, then fall under the control of the industry that they are charged with policing, and when elected officials become beholden to special interests through campaign contributions and other often bizarre special favors." "Told against the background of convulsive changes in the American financial system that doomed the mom-and-pop thrifts glorified in Its a Wonderful Life, S & L Hell's panorama of bankers and prostitutes, of members of Congress and Cabinet secretaries, is the ultimate story of greed in the 1980s - a story that we all will pay for over the decades to come."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Download or read book THE SAVINGS AND LOAN INDUSTRY IN 1980 written by and published by . This book was released on 1974 with total page 690 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book From Buildings and Loans to Bail Outs written by David L. Mason and published by Cambridge University Press. This book was released on 2004-07-05 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most Americans, the savings and loan industry is defined by the fraud, ineptitude and failures of the 1980s. However, these events overshadow a long history in which thrifts played a key role in helping thousands of households buy homes. First appearing in the 1830s savings and loans, then known as building and loans, encourage their working-class members to adhere to the principles of thrift and mutual co-operation as a way to achieve the 'American Dream' of home ownership. This book traces the development of this industry from its origins as a movement of a loosely affiliated collection of institutions into a major element of America's financial markets. It also analyses how diverse groups of Americans, including women, ethnic Americans and African Americans, used thrifts to improve their lives and elevate their positions in society. Finally the overall historical perspective sheds new light on the events of the 1980s and analyses the efforts to rehabilitate the industry in the 1990s.
Download or read book Never Again The Savings and Loan Bailout Bill written by and published by Hoover Press. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Download or read book An Assessment of Financial Sector Rescue Programmes written by Fabio Panetta and published by . This book was released on 2009 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:
