The savings and loan collapse of the Reagan/Bush years was caused by a failure of the American political system. This is the full story of that failure, including the machinations of Neil Bush, told in absorbing detail by the Washington Post reporter who uncovered much of it herself from 1986-90 and who continues to be one of the scandal's most astute investigators.
| |||||||||||||||
Book Description
Editorial Reviews
From Publishers Weekly
In a hackle-raising expose of the S & L scandal, Day, who covered this financial disaster for the Washington Post , estimates that the debacle not only will cost taxpayers more than $1 trillion but will force the administration to nationalize the nation's thrifts. With a masterly grasp of her complex subject, she traces the scandal from an Ohio thrift's collapse in 1985 to the workings of the global banking system, and defines the roles that financial, political and criminal individuals or groups knowingly or unknowingly played following the Reagan era's thrift deregulation policies, which provided a "license to gamble," especially in risky real estate loans. Day records that it was not until late 1991 that the Bush administration publicly recognized that the taxpayers would have to foot the bill for the S & L "cleanup," a program of closing, seizing, and selling the $500 billion assets of failed trusts. So far, only a pittance has been recovered through legal prosecution of the guilty.
Copyright 1993 Reed Business Information, Inc.
Copyright 1993 Reed Business Information, Inc.
From Library Journal
Day retells the unfortunate details that led to what she calls "the costliest scandal in the country's history." As a reporter for the business section of the Washington Post , Day covered the events as they unfolded from 1986 through 1990. Early 1980s legislation changed the conservative nature of S&L investments, giving license to unprincipled or naive officials of thrift institutions to squander depositors' money with the knowledge that the government would guarantee individual accounts up to $100,000. With a gift for seeing irony in the sordid events of this story, Day highlights certain unforgettable personalities whose monstrous capacity for self-indulgence came at the expense of the public interest. Though the ground has been covered before, this is a worthwhile addition to the literature of this watershed debacle.
- Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1993 Reed Business Information, Inc.
- Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1993 Reed Business Information, Inc.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
5 of 5 people found the following review helpful:
5.0 out of 5 stars
A special Hell for the criminals of the S&L scandal,
By
This review is from: S & L Hell: The People and the Politics Behind the $1 Trillion Savings and Loan Scandal (Hardcover)
A very humanist approach to the S&L scandal. A great read, Day keeps the audience spellbound as she takes us from Ohio, Maryland all around the problem states. An informative yet intersting read. This could have been written in a dry and factual format, I'm glad it wasn't. I highly recommend this book on the S&L scandal if you want to learn more on the subject, or just a good book to read.
2 of 2 people found the following review helpful:
4.0 out of 5 stars
Pretty Insightfull Book,
By
Amazon Verified Purchase(What's this?)
This review is from: S & L Hell: The People and the Politics Behind the $1 Trillion Savings and Loan Scandal (Paperback)
Take your time reading this book. I have to read if for a class in grad school. It is actually a very good and insightful book. I would highly recommend that you take your time to really understand all of the connections and situations explained throughout the book. It will be that much more rewarding in the end!
1 of 1 people found the following review helpful:
5.0 out of 5 stars
History Repeats Itself,
This review is from: S & L Hell: The People and the Politics Behind the $1 Trillion Savings and Loan Scandal (Paperback)
Set in different times to show a historical perspective of the banking industry and regulation but very applicable to today.
Share your thoughts with other customers: Create your own review
|
|
What Other Items Do Customers Buy After Viewing This Item?
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product).
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Listmania!
So You'd Like to...
|
|
