Enter your mobile number below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
Getting the download link through email is temporarily not available. Please check back later.

  • Apple
  • Android
  • Windows Phone
  • Android

To get the free app, enter your mobile phone number.

Buy Used
$12.97
FREE Shipping on orders over $25.
Condition: Used: Very Good
Comment: 1 page was dog-eared. With minimal wear on the bottom edges. Shrink-wrapped for protection. Ships fast by Amazon.
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry Paperback – April 1, 2005

4.8 out of 5 stars 37 customer reviews

See all 8 formats and editions Hide other formats and editions
Price
New from Used from
Kindle
"Please retry"
Paperback, April 1, 2005
$15.41 $0.67

Buxfer: Online money management software
Spend wiser. Live beter. Make better spending decisions with Buxfer. Try it FREE
click to open popover

Editorial Reviews

Review

Persons interested in the economics of fraud, the S&L debacle, the problems of financial regulation, and microeconomics more broadly will find this book to be very important. It is a marvelous combination of insider experiences, well-grounded generalizations, and the foundations of a broader research agenda. It merits a wide readership and, one hopes, sustained reflection on its arguments and conclusions. (Robert E. Prasch Journal of Economic Issues 2006-09-00)

Review

Bill Black has detailed an alarming story about financial and political corruption….the lessons are as fresh as the morning newspaper. One of those lessons really sticks out: one brave man with a conscience could stand up for us all. (Paul Volcker, former chairman of the Federal Reserve)
NO_CONTENT_IN_FEATURE

New York Times best sellers
Browse the New York Times best sellers in popular categories like Fiction, Nonfiction, Picture Books and more. See more

Product Details

  • Paperback: 351 pages
  • Publisher: University of Texas Press; 1 edition (April 1, 2005)
  • Language: English
  • ISBN-10: 0292721390
  • ISBN-13: 978-0292721395
  • Product Dimensions: 6 x 1 x 9 inches
  • Shipping Weight: 1.3 pounds
  • Average Customer Review: 4.8 out of 5 stars  See all reviews (37 customer reviews)
  • Amazon Best Sellers Rank: #1,031,181 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

By Bartly Dzivi on May 26, 2005
Format: Hardcover Verified Purchase
Take it from someone who was toiling down in the trenches chasing the bad guys, this book is a first hand account of how the Reagan administration and Speaker Wright fiddled while the savings and loan crisis burned. It explains how, and why, the government for years did not try to stop the corporate criminals who went on one of the largest financial crime sprees in the history of the United States. This is an important work, not only for its historic value in explaining this particular outbreak of white collar crime in the savings and loan industry, but also because it carefully lays out the patterns of control fraud that will continue to recur in different corporate venues as long as people are willing to steal and lie to try and gain an economic advantage. This should be required reading for every financial regulator in the United States. Alan Greenspan, who recently argued that personal reputation in business practices should be more important than enforcing rules, should read it twice (or as many times as it takes until Mr. Greenspan can remember why he trusted Charles Keating).
2 Comments 159 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback
Bill Black's "The Best Way to Rob a Bank Is to Own One" has a new pertinence. He was just interviewed on 'Bill Moyers Journal' on April 3, 2009. Both video and transcript are available at the PBS 'Bill Moyers Journal' site. They are well worth viewing and then reading (and then buy the book).

I do hope that Mr. Black lives to write a new book about the current scam, as Bill Moyers quotes from Black's earlier investigations, "...so enraged was one of those bankers, Charles Keating -- after whom the senate's so-called 'Keating Five' were named -- he sent a memo that read, in part, 'get Black -- kill him dead.' Metaphorically, of course. Of course." I wish Mr. Black well and safe, after this interview...

From the transcript:

BILL MOYERS: "...his main targets are the Wall Street barons, heirs of an earlier generation whose scandalous rip-offs of wealth back in the 1930s earned them comparison to Al Capone and the mob, and the nickname "banksters."

and

WILLIAM K. BLACK: "Well, the way that you do it [large corporate failures and scandals] is to make really bad loans, because they pay better. Then you grow extremely rapidly, in other words, you're a Ponzi-like scheme. And the third thing you do is we call it leverage. That just means borrowing a lot of money, and the combination creates a situation where you have guaranteed record profits in the early years. That makes you rich, through the bonuses that modern executive compensation has produced. It also makes it inevitable that there's going to be a disaster down the road."
4 Comments 100 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Hardcover
William Black's book, The Best Way to Rob a Bank is to Own One,is on the one hand an act of courage, and to an excellent journey into the morass and collapse of the Savings & Loan industry. Bill Black should know better than anyone, as he was one of the inside attorney's trying to coral bankers gone wild on highly speculative ventures...

Mr. Black walks us down the chamber of horrors of the Savings & Loan collapse, and gives us a bird's eye view of bank corrupt.

What is most interesting is that Mr. Black finds the trends within in the industry itself, that it was actually CONTROL FRAUD were bankers, accountants, appraisers, bank executives and politicians colluded together to bring an already shaky and weak industry down. Everyone who wants to understand that the Savings & Loan was the first cracks in the empire, civilizations have always been brought down by poorly run fractional reserve fiat currency bankig systems.

What was the cry from people from Alan Greenspan was for more deregulation, and at the time, Greenspan, a banker who was with Morgan Stanley prior to his excellency/chairmanship/ at the Federal Reserve System, was that the Lincoln Savings & Loan, was one of the best run S&Ls in the country...

What resulted was deregulation and desupervision... Attorneys and accountants for hire, audits performed on Savings & Loans which made them look like a picture of financial health when in fact the S&L industry had terminal cancer...Massive insolvency, virtually no reserves, coverups, and famous politicians genuflecting to the Savings & Loan industry, the Keating Five; John Glen, John McCain, Alan Cranston, Dennis DeConcini, Donald Riegle..All pressuring the Bank Board for leniency...

Every American should read this book...
Read more ›
Comment 71 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse
Format: Paperback Verified Purchase
Bill Black shows how internal control fraud by leaders of the saving and loan companies worked, and how they fooled or co-opted the regulators, big accounting firms and politicians. I found it an exciting story as the battle for accountability ebbed and flowed, and the courage of the 'few' against the established way of doing things is rare, astonishing and uplifting.
Then he explains how we have learned little and done nothing to protect ourselves against more frauds after that crisis was somewhat resolved. Instead, we encouraged more criminality by leaving most of the loopholes in place, deregulating still further in the name of blind ideologies, and refusing to seek out and punish the individuals responsible. Which brings us to the present ongoing rolling disaster. The criminals are still in charge, but now they are applauded and supported at the highest levels, there have been few prosecutions, and the vast scale of the looting has hollowed out our economy. The pathetic fines levied by the 'regulators' are just now a cost of doing business, just another expense to write off against taxes. No individuals are held to account, and the corporations they work for have now become 'people', with the added benefit of being immortal sociopaths.
This book is well worth reading if you are interested in understanding how we came to our present situation. Bill Black and his team brought the S & L crisis under control, and the same methods could bring the present crisis under control---if there was the political will. Well written by the leading insider.
2 Comments 18 people found this helpful. Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback.
Sorry, we failed to record your vote. Please try again
Report abuse

Most Recent Customer Reviews