Inside Job

The Looting of America's Savings and Loans

Business & Finance, Business Reference, Corporate History, Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Inside Job by Stephen Pizzo, Mary Fricker, Paul Muolo, Open Road Media
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Author: Stephen Pizzo, Mary Fricker, Paul Muolo ISBN: 9781504019910
Publisher: Open Road Media Publication: September 29, 2015
Imprint: Open Road Media Language: English
Author: Stephen Pizzo, Mary Fricker, Paul Muolo
ISBN: 9781504019910
Publisher: Open Road Media
Publication: September 29, 2015
Imprint: Open Road Media
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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