High Rollers: Inside the Savings and Loan Debacle - Financial Crisis Documentary for History & Economics Students
High Rollers: Inside the Savings and Loan Debacle - Financial Crisis Documentary for History & Economics Students

High Rollers: Inside the Savings and Loan Debacle - Financial Crisis Documentary for History & Economics Students" (注:根据您提供的原始标题,这似乎是一本书或纪录片标题。我将其优化为更符合SEO规范的英文标题,并添加了目标受众和使用场景。如果是商品标题,请提供更多产品细节以便更准确优化)

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Product Description

Lowy avoids the easy answers, like blaming it on fraud and greed, and explains how something of this magnitude could occur under the noses of those who should have protected the taxpayer. Paul M. Horvitz, University of Houston Market forces, not scoundrels, destroyed the savings and loan business. So says Martin Lowy in what is truly an inside look at the savings and loan crisis. Drawing upon his experience as a practicing attorney, bank officer, and savings and loan director, Lowy provides an expert account of the problems that have overwhelmed the nation's savings institutions and their government regulators.High Rollers is the first book on the S&L crisis that provides an analytical groundwork for technical and nontechnical readers--so that both can comprehend what happened. Lowy's clear, readable style allows him to quickly describe the origins of the problems in new market forces and new technologies, and how the problems grew out of control as a result of regulatory mistakes and congressional inaction. Even his discussions of real estate lending practices and accounting issues are, in the words of Professor Horvitz, both clear to the novice and instructive to the professional.

Customer Reviews

****** - Verified Buyer

This is really a great description of the S&L debacle. He explains the roots of the failure (government-set maximum mortgage rates *below* the price of capital), the shenanigans to try to keep the walking dead alive in spite of guaranteed negative returns, plus the overall background of lending for property development. Extremely educational and a great background for the repeat performance happening now in the mortgage lending industry.