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. 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.


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