S & L Hell: The People and the Politics Behind the $1 Trillion Savings and Loan Scandal

Nonfiction, History, Americas, United States, 20th Century
Cover of the book S & L Hell: The People and the Politics Behind the $1 Trillion Savings and Loan Scandal by Kathleen Day, W. W. Norton & Company
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Kathleen Day ISBN: 9780393242492
Publisher: W. W. Norton & Company Publication: May 17, 1993
Imprint: W. W. Norton & Company Language: English
Author: Kathleen Day
ISBN: 9780393242492
Publisher: W. W. Norton & Company
Publication: May 17, 1993
Imprint: W. W. Norton & Company
Language: English

The savings and loan debacle is the costliest scandal in the country's history. How could such a catastrophe have occurred?

The most remarkable thing about the collapse of the savings and loan industry is that so many of the major participants--the regulators, politicians, and S&L operators themselves--chose to do nothing as they watched problems mount and taxpayer liabilities grow. That choice was dictated by a variety of motives: greed, political self-interest, and even (sometimes) misguided good intentions. Whatever the motives, this collective interest in hiding the debacle made it certain that the industry's final fall would come with an enormous bang, one that would force administrations that professed a free market philosophy essentially to nationalize a majority of the nation's thrifts. As a result, the industry in many respects became one of the best examples of socialism in the U.S. economy.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The savings and loan debacle is the costliest scandal in the country's history. How could such a catastrophe have occurred?

The most remarkable thing about the collapse of the savings and loan industry is that so many of the major participants--the regulators, politicians, and S&L operators themselves--chose to do nothing as they watched problems mount and taxpayer liabilities grow. That choice was dictated by a variety of motives: greed, political self-interest, and even (sometimes) misguided good intentions. Whatever the motives, this collective interest in hiding the debacle made it certain that the industry's final fall would come with an enormous bang, one that would force administrations that professed a free market philosophy essentially to nationalize a majority of the nation's thrifts. As a result, the industry in many respects became one of the best examples of socialism in the U.S. economy.

More books from W. W. Norton & Company

Cover of the book Borderline Personality Disorder and the Conversational Model: A Clinician's Manual (Norton Series on Interpersonal Neurobiology) by Kathleen Day
Cover of the book In Search of Sir Thomas Browne: The Life and Afterlife of the Seventeenth Century's Most Inquiring Mind by Kathleen Day
Cover of the book You Will See Fire: A Search for Justice in Kenya by Kathleen Day
Cover of the book Autism and the Family: Understanding and Supporting Parents and Siblings by Kathleen Day
Cover of the book Mosquito and Ant: Poems by Kathleen Day
Cover of the book A Reader's Book of Days: True Tales from the Lives and Works of Writers for Every Day of the Year by Kathleen Day
Cover of the book The Sea Captain's Wife: A True Story of Love, Race, and War in the Nineteenth Century by Kathleen Day
Cover of the book Tears of Salt: A Doctor's Story of the Refugee Crisis by Kathleen Day
Cover of the book Sometimes the Soul: Two Novellas of Sicily by Kathleen Day
Cover of the book The Dickson Baseball Dictionary (Third Edition) by Kathleen Day
Cover of the book Joy Ride: Show People and Their Shows by Kathleen Day
Cover of the book Behind My Eyes: Poems by Kathleen Day
Cover of the book Carnivore Diet: A Novel by Kathleen Day
Cover of the book The Long Marriage: Poems by Kathleen Day
Cover of the book Skagboys by Kathleen Day
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy