Description
Outlines the reasons for the current crisis in the savings and loan industry and discusses what deregulation could mean for the rest of the banking industry
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In the tradition of All the president's men , this is a journalistic thriller about the systematic looting of the nations' savings and loans. Far from being precipitated by economic problems, the S&L crisis was a consequence of white-collar criminals, politicians, regulators, the courts, the Justice Department, accountants and lobbyists. Major revelations concern the role of organized crime, the link between the HUD scandal and the S&L crisis, and the use of S&L's for money-laundering. The result of a three-year investigation, the book is less a document than an expose, identifying the players who have left taxpayers with a cleanup bill of $300 billion or more. Annotation copyright Book News, Inc. Portland, Or.
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