Pottersville

Where Is the Bailey Building and Loan?

Business & Finance
Cover of the book Pottersville by Tom Pisapia, Dorrance Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Tom Pisapia ISBN: 9781480946125
Publisher: Dorrance Publishing Publication: September 23, 2017
Imprint: Language: English
Author: Tom Pisapia
ISBN: 9781480946125
Publisher: Dorrance Publishing
Publication: September 23, 2017
Imprint:
Language: English

Pottersville
by Tom Pisapia
 
Today, if someone were to Google “savings and loan,” the search would provide headlines that would scream the words “scandals,” “fraud,” “incompetence,” and “political corruption,” leaving the uninitiated with the impression that this industry deserved to be erased from the American landscape. Pottersville: Where Is the Bailey Building and Loan? clears the air and tells the real story of the sixty-five year savings and loan experiment.

The fact is that during its reign, the savings and loan industry directly employed hundreds of thousands of people in all fifty states and most U.S. territories; put millions of people into houses with long-term affordable fixed-rate mortgages; and those homes became subdivisions and suburbs, city blocks and towns. Those houses created billions in value and generational wealth and a real estate tax base that grew economies on the state, county, and city levels. Those taxes were needed to build roads, streets, schools, and hospitals. Police and fire departments had to be created to support all those homes that the S&Ls financed and the people that lived in them. The savings and loans were a cornerstone in the building of America.
 
About the Author

Tom Pisapia spent over forty years in the mortgage business, taking mortgages literally from Main Street (Sycamore, Illinois) to Wall Street (Merrill Lynch Capital Markets, Institutional side, Chicago/New York) and back again. Along the way he made stops at Fannie Mae, The Federal Home Loan Bank, the FDIC/RTC, numerous savings and loans, mortgage companies and, yes, even a few banks. Not surprisingly, for the final chapter (fifteen years) of his career, Pisapia migrated toward the credit union industry, which gave him that same feeling of purpose and a greater good that he remembered from years before in the savings and loan industry. From a ringside seat, Pisapia bore witness to the savings and loan industry that served the economy well and fostered home ownership when no one else wanted the job, creating generational wealth for millions of Americans

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

Pottersville
by Tom Pisapia
 
Today, if someone were to Google “savings and loan,” the search would provide headlines that would scream the words “scandals,” “fraud,” “incompetence,” and “political corruption,” leaving the uninitiated with the impression that this industry deserved to be erased from the American landscape. Pottersville: Where Is the Bailey Building and Loan? clears the air and tells the real story of the sixty-five year savings and loan experiment.

The fact is that during its reign, the savings and loan industry directly employed hundreds of thousands of people in all fifty states and most U.S. territories; put millions of people into houses with long-term affordable fixed-rate mortgages; and those homes became subdivisions and suburbs, city blocks and towns. Those houses created billions in value and generational wealth and a real estate tax base that grew economies on the state, county, and city levels. Those taxes were needed to build roads, streets, schools, and hospitals. Police and fire departments had to be created to support all those homes that the S&Ls financed and the people that lived in them. The savings and loans were a cornerstone in the building of America.
 
About the Author

Tom Pisapia spent over forty years in the mortgage business, taking mortgages literally from Main Street (Sycamore, Illinois) to Wall Street (Merrill Lynch Capital Markets, Institutional side, Chicago/New York) and back again. Along the way he made stops at Fannie Mae, The Federal Home Loan Bank, the FDIC/RTC, numerous savings and loans, mortgage companies and, yes, even a few banks. Not surprisingly, for the final chapter (fifteen years) of his career, Pisapia migrated toward the credit union industry, which gave him that same feeling of purpose and a greater good that he remembered from years before in the savings and loan industry. From a ringside seat, Pisapia bore witness to the savings and loan industry that served the economy well and fostered home ownership when no one else wanted the job, creating generational wealth for millions of Americans

More books from Dorrance Publishing

Cover of the book Understanding the Multifaceted Management Problems of Refugee Resettlement in the United States of America by Tom Pisapia
Cover of the book The Warden's Wife by Tom Pisapia
Cover of the book Balancing the Scale by Tom Pisapia
Cover of the book Daughter of Aaron by Tom Pisapia
Cover of the book Lingerie Connections by Tom Pisapia
Cover of the book Daughter of the Palms by Tom Pisapia
Cover of the book Danny Jones & William's Ghost by Tom Pisapia
Cover of the book Electrification of Emuhun Village in Edo State, Nigeria Using Renewable Energy Mix; Underlying Principle with 16.5 MWh Annually by Tom Pisapia
Cover of the book Righteous Rage by Tom Pisapia
Cover of the book A Path by Light by Tom Pisapia
Cover of the book 1001+ Wacky, Daffy, Crazy One Liners and Definitions! by Tom Pisapia
Cover of the book Teddy Bear City by Tom Pisapia
Cover of the book A String of Biblical Characters Made Real by Tom Pisapia
Cover of the book Return of the Lost Jitney by Tom Pisapia
Cover of the book The Other Planet by Tom Pisapia
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy