The Best Way To Rob A Bank Is To Own One by William K. Black
How Corporate Executives and Politicians Looted the S&L Industry
A former financial regulator exposes how “control fraud” by bank and thrift executives drove the 1980s savings-and-loan collapse, exploiting deregulation, political protection, and warped incentives to loot their own institutions. Through detailed case studies, including the Keating scandal, it explains the playbook—hypergrowth, risky high-yield lending, inflated appraisals, and captured auditors—that created a criminogenic environment. It concludes with a forceful case for robust oversight, accountability, and reforms to prevent repeat crises, presciently foreshadowing patterns seen in later financial meltdowns.
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- Published
- 2005
- Nationality
- American
- Length
- Moderate
- Pages
- 350-400 pages
- Original Language
- English
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