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Belly Up: The Collapse of the Penn Square Bank Paperback – August 12, 1986


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Belly Up: The Collapse of the Penn Square Bank + Funny Money
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Product Details

  • Paperback: 520 pages
  • Publisher: Ballantine Books; Reprint edition (August 12, 1986)
  • Language: English
  • ISBN-10: 0449902056
  • ISBN-13: 978-0449902059
  • Product Dimensions: 9.1 x 5.9 x 1.2 inches
  • Shipping Weight: 1.6 pounds (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #520,281 in Books (See Top 100 in Books)

Editorial Reviews

From Publishers Weekly

Wall Street Journal reporter Zweig details how the Oklahoma City Penn Square Bank went under. PW recommended Mark Singer's account of the same events in Funny Money unless "the reader's appetite is for unembellished facts, presented in plain prose, of events that are of themselves exciting."
Copyright 1986 Reed Business Information, Inc.

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Customer Reviews

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See all 12 customer reviews
Please read this book.
David E. Powell
Very detailed and interesting account of the Penn Square crisis and its effects upon the banking system. .
Robyn Ide
It is entertaining, as well as informational.
Inetha

Most Helpful Customer Reviews

10 of 10 people found the following review helpful By David C. McLary on April 1, 2003
Format: Hardcover
Belly Up is the story of how a small bank located in a strip mall in Oklahoma City could cause the collapse of the giant Contentinal Illinois Bank, and the weakening of Seafirst, Chase and MichNat. Spanning locations from the gas fields of Oklahoma, the halls of Congress, a boardroom in Chicago, and the parking lot in front of Penn Square Bank, Zweig does an admirable job of weaving this saga through apt characterizations of the major players involved in this debacle. The effects of this bank's failure continue to be felt 20 years later and have shaped the banking industry as we know it today.
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4 of 4 people found the following review helpful By cyclone on July 12, 2006
Format: Paperback
Though this book relates to the oil crash in the 80's and the financial destruction of Oklahoma, more importantly, it demonstrates what is about to happen all over America. Read this book, folks, and realize; IT CAN HAPPEN HERE. (and will)
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2 of 2 people found the following review helpful By Katja on February 2, 2007
Format: Paperback
This book is a well-written account of a bizzare episode in banking history. Employing well-researched fact, astute observation of human behavior, and occasional sprinklings of dry humor, Zweig manages to pen a very readable account of the rise and fall of a small bank in Oklahoma. Though criticized by some as being dry in parts, laden with banking jargon foreign to a reader not well-versed in commercial banking, I found it not at all difficult to get the basic ideas of the banking sins committed by those who brought Penn Square to its knees during the early 1980's. Zweig makes up for occasional- but I believe necessary- dryness with brilliantly entertaining accounts of the many people who had a hand in the debacle. All in all, I found it a readable and enjoyable book, and I think that anyone interested in banking or the oil industry would likely agree.
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1 of 1 people found the following review helpful By stoner on November 20, 2010
Format: Hardcover Verified Purchase
Mr. Zwieg's detailed investigation into the Oklahoma gas boom bubble documents the hysteria that can simultaneously infect sophisticated investors, bankers and the public at large. He carefully leads the reader along the course of the unfolding tragedy. As is often the case in these indicents, one is left wodering how professionals who are accustomed to prudent banking practices become so slipshod. Mr. Zweig answers that question
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Format: Kindle Edition Verified Purchase
Great! I lived through it, and saw the play, knew some of the actors.
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By Robyn Ide on June 2, 2013
Format: Kindle Edition Verified Purchase
Very detailed and interesting account of the Penn Square crisis and its effects upon the banking system. .
The resolution of the bank failure failure and future failures was very informative.
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