Description
Book SynopsisNow updated with an extensive afterword that reveals how the bank failures of 2008 resulted from the lack of regulatory oversight discussed in this book, here is the acclaimed insider's account of how financial super predators brought down an industry by
Trade Review"This is an extraordinary book... No other account gives a complete picture of the control fraud that occurred in the S & L crisis... There is no one else in the whole world who understands so well exactly how these lootings occurred in all their details and how the changes in government regulations and in statutes in the early 1980s caused this spate of looting... This book will be a classic." George A. Akerlof, University of California, Berkeley, winner of the 2001 Nobel Prize for Economics
Table of Contents
- Abbreviations
- Preface
- Acknowledgments
- Chapter 1. Theft by Deception: Control Fraud in the S&L Industry
- Chapter 2. “Competition in Laxity”
- Chapter 3. The Most Unlikely of Heroes
- Chapter 4. Keating’s Unholy War against the Bank Board
- Chapter 5. The Texas Control Frauds Enlist Jim Wright
- Chapter 6. “The Faustian Bargain”
- Chapter 7. The Miracles, the Massacre, and the Speaker’s Fall
- Chapter 8. M. Danny Wall: “Child of the Senate”
- Chapter 9. Final Surrender: Wall Takes Up Neville Chamberlain’s Umbrella
- Chapter 10. It’s the Things You Do Know, But Aren’t So, That Cause Disasters
- Afterword
- Appendix A. Keating’s Plan of Attack on Gray and Reregulation
- Appendix B. Hamstringing the Regulator
- Appendix C. Get Black ... Kill Him Dead
- Notes
- Names and Terms
- References
- Index
