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William K. Blac The Best Way to Rob a Bank is to Own On (Paperback) (UK IMPORT)

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Item specifics

Condition
Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Book Title
Best Way to Rob a Bank Is to Own One : How Corporate Executives and Politicians Looted the S&l Industry
Publication Name
The Best Way to Rob a Bank is to Own One
Title
The Best Way to Rob a Bank is to Own One
Subtitle
How Corporate Executives and Politicians Looted the S&L Industry
Author
William K. Black
Format
Trade Paperback
ISBN-10
0292754183
EAN
9780292754188
ISBN
9780292754188
Publisher
University of Texas Press
Genre
Business & Economics
Release Year
2013
Release Date
15/09/2013
Language
English
Country/Region of Manufacture
US
Item Height
1in
Item Length
9in
Item Width
6in
Item Weight
18.1 Oz
Publication Year
2013
Topic
Banks & Banking, Economic History, Industries / Financial Services, Corporate Finance / General
Number of Pages
384 Pages

About this product

Product Information

In this expert insider's account of the savings and loan debacle of the 1980s, William Black lays bare the strategies that corrupt CEOs and CFOs--in collusion with those who have regulatory oversight of their industries--use to defraud companies for their personal gain. Recounting the investigations he conducted as Director of Litigation for the Federal Home Loan Bank Board, Black fully reveals how Charles Keating and hundreds of other S&L owners took advantage of a weak regulatory environment to perpetrate accounting fraud on a massive scale. In the new afterword, he also authoritatively links the S&L crash to the business failures of 2008 and beyond, showing how CEOs then and now are using the same tactics to defeat regulatory restraints and commit the same types of destructive fraud. Black uses the latest advances in criminology and economics to develop a theory of why "control fraud"--looting a company for personal profit--tends to occur in waves that make financial markets deeply inefficient. He also explains how to prevent such waves. Throughout the book, Black drives home the larger point that control fraud is a major, ongoing threat in business that requires active, independent regulators to contain it. His book is a wake-up call for everyone who believes that market forces alone will keep companies and their owners honest.

Product Identifiers

Publisher
University of Texas Press
ISBN-10
0292754183
ISBN-13
9780292754188
eBay Product ID (ePID)
166390459

Product Key Features

Book Title
Best Way to Rob a Bank Is to Own One : How Corporate Executives and Politicians Looted the S&l Industry
Author
William K. Black
Format
Trade Paperback
Language
English
Topic
Banks & Banking, Economic History, Industries / Financial Services, Corporate Finance / General
Publication Year
2013
Genre
Business & Economics
Number of Pages
384 Pages

Dimensions

Item Length
9in
Item Height
1in
Item Width
6in
Item Weight
18.1 Oz

Additional Product Features

Lc Classification Number
Hg2151
Edition Number
2
Reviews
"This is an extraordinary book. . . . No other account gives a complete picture of the control fraud that occurred in the S & L crisis. . . . There is no one else in the whole world who understands so well exactly how these lootings occurred in all their details and how the changes in government regulations and in statutes in the early 1980s caused this spate of looting. . . . This book will be a classic." George A. Akerlof, University of California, Berkeley, winner of the 2001 Nobel Prize for Economics
Table of Content
Abbreviations Preface Acknowledgments Chapter 1. Theft by Deception: Control Fraud in the S&L Industry Chapter 2. "Competition in Laxity" Chapter 3. The Most Unlikely of Heroes Chapter 4. Keating's Unholy War against the Bank Board Chapter 5. The Texas Control Frauds Enlist Jim Wright Chapter 6. "The Faustian Bargain" Chapter 7. The Miracles, the Massacre, and the Speaker's Fall Chapter 8. M. Danny Wall: "Child of the Senate" Chapter 9. Final Surrender: Wall Takes Up Neville Chamberlain's Umbrella Chapter 10. It's the Things You Do Know, But Aren't So, That Cause Disasters Afterword Appendix A. Keating's Plan of Attack on Gray and Reregulation Appendix B. Hamstringing the Regulator Appendix C. Get Black ... Kill Him Dead Notes Names and Terms References Index
Copyright Date
2013
Intended Audience
Trade

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