At Questia, we offer:

• Exclusive access to more than 67,000 books and 1.5 million articles.
• Trusted resources from leading publishers.
• Time saving tools to do better, faster research!

1. 1.

   
   
   
   High Rollers: Inside the Savings and Loan Debacle » Read Now

   by Martin Lowy. 326 pgs.

   Collections: Entire Library

   "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...

   Read More

   "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. Lowy draws on years of experience in savings and loan institutions to provide an expert account of the problems that have overwhelmed the nation's S&Ls and government regulators. The book is written in a clear, readable style that allows Lowy to cogently describe the new market forces, new technologies, and mistakes made by regulators and S&L executives that spelled the end of the savings and loan industry.

   Show less
   
2. 2.

   
   
   
   The S&L Debacle: Public Policy Lessons for Bank and Thrift Regulation » Read Now

   by Lawrence J. White. 287 pgs.

   Collections: Entire Library

   Many Americans have viewed the S&L crisis as the ultimate example of greed's pervasiveness in our society. Yet the personalities that have dominated the news have obscured the real issues behind the worst debacle in our nation's financial history. Surveying the modern course of the thrift industry...

   Read More

   Many Americans have viewed the S&L crisis as the ultimate example of greed's pervasiveness in our society. Yet the personalities that have dominated the news have obscured the real issues behind the worst debacle in our nation's financial history. Surveying the modern course of the thrift industry, from the Federal Home Loan Bank Act of 1932 to the current efforts at restructuring, Lawrence J. White addresses the essential questions of the S&L crisis: what happened, how it happened, why it happened, and what must be done so that it never happens again. White, who from November 1986 to August 1989 was a Board Member of the Federal Home Loan Bank Board--the government agency that regulated S&Ls and insured their deposits through the FSLIC--combines his knowledge as an insider with the insights of an economist to bring a much-needed fresh perspective on the S&L mess. He shows that, rather than the result of widespread fraud, the crisis was rooted in the highly unusual economic conditions of the early 1980s, poorly thought-out deregulatory policies, and flawed accounting practices. The S&L Debacle reveals that the banking system of the late 1970s was anachronistic. Tightly regulated thrifts were locked into portfolios of long-term mortgages and limited in the interest rates that they could pay to depositors. When interest rates soared, the thrifts experienced heavy losses. Clearly, adjustment in the industry was necessary, and the economic deregulatory policies implemented in the early 1980s were long overdue. But White points out that these policies should have been accompanied by strengthened safety-and-soundness regulations. Instead, safety-and-soundness rules were also deregulated, bringing a deadly combination of opportunities, capabilities, and incentives for risk-taking that spelled disaster for hundreds of thrifts--and ultimately for the FSLIC insurance fund and the U.S. taxpayer. White offers far-reaching recommendations for reform, such as better methods of gathering information about thrifts before they become insolvent, risk-related net worth requirements, risk-based insurance premiums--so that deposit insurance is treated more like other forms of insurance--and stronger powers of early intervention by regulators. With its comprehensive overview, incisive analysis, and clear, nontechnical language, this book is important reading for anyone hoping to understand the S&L crisis and will be an essential guide for economists and policymakers of the future.

   Show less
   
3. 3.

   
   
   
   The Future of American Banking (Chap. 1 "Framing the Issues, The Bank Insurance Fund: Repeating the Sins of the S&L Debacle") » Read Now

   by James R. Barth, R. Dan Brumbaugh, Robert E. Litan. 207 pgs.

   Collections: Entire Library

   ...American Enterprise Institute, 1991; R. Dan Brumbaugh Jr., The Demise of the Savings and Loan Industry: Explaining the Collapse and the Taxpayer Bailout , Garland...
   
4. 4.

   
   
   
   The Savings and Loan Debacle, Financial Crime, and the State, in Annual Review of Sociology » Read Now

   by K. Calavita, R. Tillman, H.N. Pontell. 20 pgs.

   Collections: Entire Library

   ...INTRODUCTION The savings and loan (S L) crisis of the...finance the industrys bailout (US General Accounting...NCFIRRE 1993). The savings and loan scandal was by no...
   
5. 5.

   
   
   
   Implications of the Savings and Loan Debacle: Lessons for the Banking Industry, in Review of Business » Read Now

   by Alan Reinstein, Paul W. Steih. 6 pgs.

   Collections: Entire Library

   ...percent of thrifts loan portfolios...depositors insured savings from $10,000...estimated "bailout costs" rose...The 1989 bailout legislation...much of the savings and loan...
   
6. 6.

   
   
   
   Organizations and Fraud in the Savings and Loan Industry, in Social Forces » Read Now

   by Robert Tillman, Henry Pontell. 25 pgs.

   Collections: Entire Library

   ...Debacle Fraud in savings and loan institutions in the...materialized, estimates of the bailout costs for insolvent...The federally insured savings and loan system was put...
   
7. 7.

   
   
   
   Ignoring Economics in Dealing with the Savings and Loan and Commercial Banking Crisis, in Contemporary Policy Issues » Read Now

   by R. Dan Brumbaugh Jr., Robert E. Litan. 18 pgs.

   Collections: Entire Library

   ...New York, 1988 . ________, "Understanding the Savings-and-Loan Debacle", The Public Interest , Spring 1990...1987 . Scott, K. E., "Never Again: The S L Bailout Bill", 26th...
   
8. 8.

   
   
   
   Thinking about Political Corruption (Chap. 6 "Too Big to Believe") » Read Now

   by Peter DeLeon. 244 pgs.

   Collections: Entire Library

   ...that precipitated the disastrous Savings and Loan crisis, and the Pentagon procurement...Department of Defense; the Savings and Loan S L scandal; and the...live because of...