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Author : Stephen Pizzo
Release : 1993
Genre : Government sale of real property
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Profiting from the Bank and Savings & Loan Crisis by : Stephen Pizzo
Download or read book Profiting from the Bank and Savings & Loan Crisis written by Stephen Pizzo. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Stephen Pizzo
Release : 1994-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 655/5 ( reviews)
Book Synopsis Profiting from the Bank and Savings and Loan Crisis by : Stephen Pizzo
Download or read book Profiting from the Bank and Savings and Loan Crisis written by Stephen Pizzo. This book was released on 1994-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This detailed guide from the authors of Inside Job shows investors on any level how to find, assess and buy from the US Government the billions of dollars of assets seized from failed savings and loans. The bank crisis has left the Government holding more than 400 billion dollars in assets.
Author : Michael J. Stich
Release : 1989
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis How to Profit from the Savings and Loan Crisis by : Michael J. Stich
Download or read book How to Profit from the Savings and Loan Crisis written by Michael J. Stich. This book was released on 1989. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James R. Barth
Release : 2006-04-11
Genre : Business & Economics
Kind : eBook
Book Rating : 986/5 ( reviews)
Book Synopsis The Savings and Loan Crisis by : James R. Barth
Download or read book The Savings and Loan Crisis written by James R. Barth. This book was released on 2006-04-11. Available in PDF, EPUB and Kindle. Book excerpt: Robert L. Bartley Editor Emeritus, The Wall Street Journal As this collection of essays is published, markets, regulators and society generally are sorting through the wreckage of the collapse in tech stocks at the turn of the millennium. All the more reason for an exhaustive look at our last “bubble,” if that is what we choose to call them. We haven’t had time to digest the lesson of the tech stocks and the recession that started in March 2001. After a decade, though, we’re ready to understand the savings and loan “bubble” that popped in 1989, preceding the recession that started in July 1990. For more than a half-century, we can now see clearly enough, the savings and loans were an accident waiting to happen. The best insurance for financial institutions is diversification, but the savings and loans were concentrated solely in residential financing. What’s more, they were in the business of borrowing short and lending long, accepting deposits that could be withdrawn quickly and making 20-year loans. They were further protected by Regulation Q, allowing them to pay a bit more for savings deposits than commercial banks were allowed to. In normal times, they could ride the yield curve, booking profits because long-term interest rates are generally higher than short-term ones. This world was recorded in Jimmy Stewart’s 1946 film, It’s a Wonderful Life.
Author : Stephen Pizzo
Release : 2015-09-29
Genre : Political Science
Kind : eBook
Book Rating : 911/5 ( reviews)
Book Synopsis Inside Job by : Stephen Pizzo
Download or read book Inside Job written by Stephen Pizzo. This book was released on 2015-09-29. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Bestseller: A history of the S&L scandal that caused a financial disaster for American taxpayers: “Hard to put down” (Library Journal). For most of the 20th century, savings and loans were an invaluable thread of the American economy. But in the 1970s, Congress passed sweeping financial deregulation at the insistence of industry insiders that allowed these once quaint and useful institutions to spread their taxpayer-insured assets into new and risky investments. The looser regulations and reduced federal oversight also opened the industry to an army of shady characters, white-collar criminals, and organized crime groups. Less than 10 years later, half the nation’s savings and loans were insolvent, leaving the American taxpayer on the hook for a large hunk of the nearly half a trillion dollars that had gone missing. The authors of Inside Job saw signs of danger long before the scandal hit nationwide. Decades after the savings and loan collapse, Inside Job remains a thrilling read and a sobering reminder that our financial institutions are more fragile than they appear.
