Inside Job: The Looting of America's Savings and Loans (Forbidden Bookshelf Book 16) PDF
eBook By Stephen Pizzo / DMCA

Inside Job: The Looting Of America's Savings And Loans (Forbidden Bookshelf Book 16)

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 inst...

File Size: 2435 KB
Print Length: 578 pages
Publisher: Open Road Media (September 29, 2015)
Publication Date: September 29, 2015
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B013S42VF6
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“This book is heavy duty. As I am reading it I am asking myself how I got through college being so ignorant of the savings and loan crisis. It is absolutely unbelievable how all that went down. The worse part about it is it's non-fiction and it's a...”

tutions 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.