 | | | | The Big Fix: Inside the S&L Scandal : How an Unholy Alliance of Politics and Money Destroyed Americas Banking System |  | Author: James Ring Adams
Publisher: John Wiley & Sons Inc
Category: Book
List Price: $19.95
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Avg. Customer Rating:  (1 reviews)
Sales Rank: 1831001
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Number Of Items: 1
Pages: 308
Shipping Weight (lbs): 1.4
Dimensions (in): 9.3 x 6.4 x 1.3
ISBN: 0471515353
Dewey Decimal Number: 364.1680973
EAN: 9780471515357
ASIN: 0471515353
Publication Date: November 1989
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
The inside story of the rash of failures of savings-and-loan institutions in the 1980s, written in a hard-news style by a nine-year veteran of "The Wall Street Journal". This account names the players in this game of monopoly where the money is real, including those of highly-placed figures in government and finance. Documented here is a twisted tale of impotent regulation, financial mismanagement, political manipulation, fraud and outright plunder.
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| Customer Reviews:
Not What You Think April 13, 2002
8 out of 8 found this review helpful
This in an interesting book and not one that only focuses on the nightly news sound bite about the S&L in Texas with three speed boats. This author examines why the S&L situation happened. The answers he uncovers do not paint the picture that the politicians want us all to think too much about. Basically the Federal government changes the rules in relation to capital requirements for S&L based on pressure from contributors and a Reagan policy of deregulate everything. Once that happened the mess started. The biggest mistake the government made was deregulating a business that they were on the hook for if they went under. The vast majority of S&L's were actually doing fine until even more regulation came out regarding capital requirements - all in all the politicians had as much to do with the issue as the bankers. The book is much better at explaining this then me, if you are interested in the topic or would like to broaden your understanding of the issues I would start here.
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