Inside Job

The authors of Inside Job saw signs of danger long before the scandal hit nationwide.

Author: Stephen Pizzo

Publisher: Open Road Media

ISBN: 9781504019910

Category: Political Science

Page: 584

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New York Times Bestseller: A history of the S&L scandal that caused a financial disaster for American taxpayers: “Hard to put down” (Library Journal). 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.
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The Savings and Loan Crisis

Robert L. Bartley Editor Emeritus, The Wall Street Journal As this collection of essays is published, markets, regulators and society generally are sorting through the wreckage of the collapse in tech stocks at the turn of the millennium.

Author: James R. Barth

Publisher: Springer Science & Business Media

ISBN: 9781402078989

Category: Business & Economics

Page: 394

View: 710

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Robert L. Bartley Editor Emeritus, The Wall Street Journal As this collection of essays is published, markets, regulators and society generally are sorting through the wreckage of the collapse in tech stocks at the turn of the millennium. All the more reason for an exhaustive look at our last “bubble,” if that is what we choose to call them. We haven’t had time to digest the lesson of the tech stocks and the recession that started in March 2001. After a decade, though, we’re ready to understand the savings and loan “bubble” that popped in 1989, preceding the recession that started in July 1990. For more than a half-century, we can now see clearly enough, the savings and loans were an accident waiting to happen. The best insurance for financial institutions is diversification, but the savings and loans were concentrated solely in residential financing. What’s more, they were in the business of borrowing short and lending long, accepting deposits that could be withdrawn quickly and making 20-year loans. They were further protected by Regulation Q, allowing them to pay a bit more for savings deposits than commercial banks were allowed to. In normal times, they could ride the yield curve, booking profits because long-term interest rates are generally higher than short-term ones. This world was recorded in Jimmy Stewart’s 1946 film, It’s a Wonderful Life.
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The Economic Effects of the Savings Loan Crisis

I. Introduction -- II. So what went wrong in the 1980s? -- III.

Author:

Publisher:

ISBN: PURD:32754061753723

Category: Bank failures

Page: 84

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I. Introduction -- II. So what went wrong in the 1980s? -- III. Analyzing the economic effects of the S&L losses -- IV. Estimating the economic effects of the S&L breakdown -- V. Incorporating deposit insurance in measures of the budget -- Appendix A. McKibbin-Sachs global model -- Appendix B. Estimation of capital losses.
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The Savings and Loan Crisis

Author: Richard J. Cebula

Publisher: Kendall Hunt Publishing Company

ISBN: IND:30000038758276

Category: Business & Economics

Page: 117

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The Savings and Loan Crisis

This annotated bibliography includes more than 360 titles on the savings and loan crisis. It covers works published from 1980 to 1992, including both scholarly and popular titles.

Author:

Publisher: Greenwood

ISBN: STANFORD:36105002238421

Category: Business & Economics

Page: 192

View: 853

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This annotated bibliography includes more than 360 titles on the savings and loan crisis. It covers works published from 1980 to 1992, including both scholarly and popular titles.
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The Savings and Loan Crisis

Author: United States. Congress. Senate. Democratic Policy Committee

Publisher:

ISBN: OCLC:19772346

Category: Financial institutions

Page: 7

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The Savings and Loan Crisis

FIRST , AND ADMITTEDLY OVERSIMPLISTIC , THE FSLIC CRISIS REQUIRES AN IMMEDIATE SOLUTION . NOT ONLY IS THE FSLIC DEFICIT GROWING AT AN ALARMING RATE ON A DAILY BASIS , BUT THIS PROBLEM THREATENS MUCH MORE THAN OUR SAVINGS AND LOANS .

Author: United States. Congress. House. Committee on Banking, Finance, and Urban Affairs

Publisher:

ISBN: UOM:39015039040129

Category: Bank failures

Page: 695

View: 747

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