Inside Job: The Looting of America's Savings and Loans (Forbidden Bookshelf #16)

Synopsis

A fast-paced and gripping account of one of history's most infamous financial disasters For most of the 20th century, savings and loans were an invaluable thread of the American economy. But in the 1970s, Congress passed sweeping financial deregulation at the insistence of industry insiders that allowed these once quaint and useful institutions to spread their taxpayer-insured assets into new and risky investments. The looser regulations and reduced federal oversight also opened the industry to an army of shady characters, white-collar criminals, and organized crime groups. Less than 10 years later, half the nation's savings and loans were insolvent, leaving the American taxpayer on the hook for a large hunk of the nearly half a trillion dollars that had gone missing. The authors of Inside Job saw signs of danger long before the scandal hit nationwide. Decades after the savings and loan collapse, Inside Job remains a thrilling read and a sobering reminder that our financial institutions are more fragile than they appear.

Copyright:

2015

Book Details

Book Quality:

Publisher Quality

Book Size:

584 Pages

ISBN-13:

9781504019910

Publisher:

Open Road Media

Date of Addition:

07/16/23

Copyrighted By:

Paul Muolo, Mary Fricker, Stephen Pizzo

Adult content:

No

Language:

English

Has Image Descriptions:

No

Categories:

Nonfiction, Business and Finance, Law, Legal Issues and Ethics, Politics and Government

Submitted By:

Bookshare Staff

Usage Restrictions:

This is a copyrighted book.