The Greatest-Ever Bank Robbery: The Collapse of the Savings and Loan Industry
Brilliantly, wittily and pitilessly, Mayer details the dereliction and dishonesty not only of the thrift industry operators but also of its supporting cadre of venal accountants, lawyers, and government authorities. A searching narrative retracing the fiasco that jeopardizes the entire banking system. Photographs.
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An Accident Waiting to Happen
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accounting American Savings Arthur Young assets Bank Board Bank of San Banker bill borrower brokered deposits California capital cash chairman Charles Keating chartered Congress Corporation cost Dallas deal deposit insurance depositors direct investment director Dochow dollars examiners FDIC Federal Home Loan Federal Reserve fees firms Freddie Mac FSLIC Garn-St Germain Gaubert Gray Gray's Home Loan Bank House Banking Committee industry insolvent institutions insurance fund insured deposits interest rates Jim Wright junk bonds Keating Keating's lawyers Lincoln Hearings Lincoln Savings Loan Bank Board losses Merrill Lynch million mortgage-backed securities mortgages paid percent portfolio Pratt profits purchase Reagan real estate regulators S&Ls San Francisco Savings & Loan Savings and Loan says Seidman sell Senate sold supervisory Texas Texas S&Ls thrifts told U.S. League Wall Street houses Washington William Seidman York
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