PDF Big Money Crime Fraud and Politics in the Savings and Loan Crisis

[Free.7WQf] Big Money Crime Fraud and Politics in the Savings and Loan Crisis

[Free.7WQf] Big Money Crime Fraud and Politics in the Savings and Loan Crisis

You can download in the form of an ebook: pdf, kindle ebook, ms word here and more softfile type. [Free.7WQf] Big Money Crime Fraud and Politics in the Savings and Loan Crisis, this is a great books that I think are not only fun to read but also very educational.
Book Details :
Published on: 1999-05-25
Released on: 1999-05-25
Original language: English

At a cost of $500 billion to American taxpayers, the savings and loan debacle of the 1980s was the worst financial crisis of the twentieth century as well as a crime unparalleled in American history. Yet the vast majority of its perpetrators will never be prosecuted, and those who were have received minimal sentences. In the first in-depth scrutiny of the ways and means of this disaster, this groundbreaking book comes to disturbing conclusions about the deliberate nature of this financial fraud, the political collusion involved, and the leniency of the criminal justice system in dealing with these "Gucci-clad white-collar criminals."Using material from over one hundred interviews with government officials and industry leaders and recently declassified documents, the authors show how—contrary to previous government and "expert" explanations that chalked the disaster up to business risks gone awry or adverse economic conditions—SL leaders engaged in deliberate fraud, stealing from their own corporations to speculate on high-risk ventures. Tempted by the insurance net, perpetrators looted their own institutions in a new kind of white-collar crime the authors dub "collective embezzlement."Big Money Crime also demonstrates how systematic political collusion—not just policy errors—was a critical ingredient in this unprecedented series of frauds. Bringing together statistics from a variety of government agencies, the authors provide a close reading of the track record of prosecutions and sentencing and find that "suite crime" receives much more lenient treatment than "street crime," despite its significantly higher price tag. The book concludes with a number of modest, but no less urgent, policy recommendations to counter the current deregulatory trend and to avert a replay of the SL debacle in other financial sectors.FROM THE BOOK:"We built thick walls; we have cameras; we have time clocks on the vaults . . . all these controls were to protect against somebody stealing the cash. Well, you can steal far more money, and take it out the back door. The best way to rob a bank is to own one."—House Committee on Government Operations, 1988 White Collar Crime - The Huffington Post Paul Ryan Reveals Why Republicans Have A Big Obamacare Repeal Problem; Donald Trump Blames Democrats For Controversy Over Russian Hacking; This Governor Is ... Video News - CNN.com Watch breaking news videos viral videos and original video clips on CNN.com. Keating Five - Wikipedia The Keating Five were five United States Senators accused of corruption in 1989 igniting a major political scandal as part of the larger Savings and Loan crisis of ... News - MSN Find latest news coverage of breaking news events trending topics and compelling articles photos and videos of US and international news stories. Archives - Philly.com Archives and past articles from the Philadelphia Inquirer Philadelphia Daily News and Philly.com. Charles Keating - Wikipedia Charles Keating; Born: Charles Humphrey Keating Jr. December 4 1923 Cincinnati Ohio U.S. Died: March 31 2014 (aged 90) Phoenix Arizona U.S. Residence U.S. News National News - ABC News ABC News reports on United States politics crime education legal stories celebrities weather the economy and more AOL - Finance News & Latest Business Headlines Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily! Why Only One Top Banker Went to Jail for the Financial ... Magazine The Money Issue Why Only One Top Banker Went to Jail for the Financial Crisis Business News Personal Finance and Money News - ABC News Find the latest business news on Wall Street jobs and the economy the housing market personal finance and money investments and much more on ABC News
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