Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
S & L Hell: The People and the Politics Behind the $1 Trillion Savings and Loan Scandal

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

Day, Kathleen

Paperback

AccountingInvesting & Finance20th Century United States History

ISBN10: 0393337227
ISBN13: 9780393337228
Publisher: W W Norton & Co
Published: May 1 1993
Pages: 420
Weight: 1.35
Height: 0.93 Width: 6.00 Depth: 9.00
Language: English
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.

Also in

Investing & Finance

View All