The Keystone Bank Failure-Harbinger of the 2008 Financial Crisis
by
Robert Pasley
Language: English
Release Date: July 5, 2017
In the early 1990s, the First National Bank of Keystone in West Virginia began buying and securitizing subprime mortgages from all over the country, and quickly grew from a tiny bank with just $100 million in assets to over $1.1 billion. For three years, it was listed as the most profitable large...