High Rollers: Inside the Savings and Loan Debacle
Lowy avoids the easy answers, like blaming it on fraud and greed, and explains how something of this magnitude could occur under the noses of those who should have protected the taxpayer.
Paul M. Horvitz, University of Houston
Market forces, not scoundrels, destroyed the savings and loan business. So says Martin Lowy in what is truly an inside look at the savings and loan crisis. Drawing upon his experience as a practicing attorney, bank officer, and savings and loan director, Lowy provides an expert account of the problems that have overwhelmed the nation's savings institutions and their government regulators.
High Rollers is the first book on the S&L crisis that provides an analytical groundwork for technical and nontechnical readers--so that both can comprehend what happened. Lowy's clear, readable style allows him to quickly describe the origins of the problems in new market forces and new technologies, and how the problems grew out of control as a result of regulatory mistakes and congressional inaction. Even his discussions of real estate lending practices and accounting issues are, in the words of Professor Horvitz, both clear to the novice and instructive to the professional.
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HIGH ROLLERS: Inside the Savings and Loan DebacleUser Review - Jane Doe - Kirkus
A technocrat's thoughtful, informative assessment of the varied factors that brought America's savings-and-loan associations to costly grief. Where other annalists have focused on the venal buccaneers ... Read full review
How It Happened
Fixed Rates in a Volatile World
How Insured SLs Fail
Dick Pratt Figures Out How to Run a Bankrupt Federal Insurance Fund
The False Spring of 198 3
Real Estate Lending 101
Politics as UsualEverybody Fiddles While
Danny Wall and the 1988 Deals
What Caused How Much of the Losses?
The Importance of Counting
Avoid Complexity That No One Can Understand
Permissive Loan Fee AccountingThe Linchpin
Mammon Against the God of Home Ownership
Ed Gray Tries to Cope and the World Goes Galloping By
The Big Texas Disaster
The Laws Trash the Trash
Silverado Lincoln and CenTrust
The Junk Bond Connection
Fraud and Misconduct 101
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