Stephen Pizzo

Something of a post-mortem (in a few cases, all too literally) of the savings and loan crisis. The authors' main thrust is that there was an enormous amount of outright fraud and criminal/mob activity in the collapse of dozens and dozens of S&Ls in the 1980s and 1990s. In some ways, while they are harsh regarding the regulatory regime in place, the authors place the first blame on the fraudsters. Some of the stories they relate are comic, some infuriating, all incredible. Fascinating study, one of the best that came out of the scandal.… (más)