The greatest-ever bank robbery: the collapse of the savings and loan industry.

Item

Title
The greatest-ever bank robbery: the collapse of the savings and loan industry.
Description
An account of the savings-and-loan scandal of the 1980s describing its causes and results.
Identifier
2474835
684191520
Creator
Mayer, Martin
Source
Brian Lamb Booknotes Collection
Gift of Brian Lamb, 2011.
Catalog record
Language
eng
Date
1990
Program air date: November 25, 1990.
Publisher
C. Scribner's Sons
George Mason University. Libraries. Special Collections & Archives
Text

Transcription of Annotations
Notes on front end paper: page 308 Garn-St Germain, Dick Pratt, Ed Gray, M. Danny Wall, Robert Strauss W. St., Neil Bish, David Stockman, July 1981--Reagan's Commission on Housing. Un underlinings regarding forms of depositories--banks, savings & Laos, credit unions, etc., sources of funds, government. Theft from taxpayers via S&L "bailout." Loss of collective responsibility by law, accounting firms/investment companies permitted/rewarded partners/executives for conspiring with criminals. Rosemary Stewart--never made a mistake. Books written. Who got money? 1. Wall St. investment houses, 2. depositors. Accounting could have stopped it. Great law firms protected thieves. Deposit insurance, crack cocaine of American finance." Asked to be commissioner on new Presidential Commission on Housing. Bonfire--capable of self-regulation, honest service, accepting fiduciary duties in age where all costs and benefits reduced to monetary measures; conduct not prohibited becomes permissible. Pratt's two years as Bank Board chairman--road to hell paved/polished. Dick Pratt to blame for S&L crisis. Cliché, if deregulation is to work, greater supervision. Keating $50,000 campaign contribution to Arizona state attorney. Nepotism, ACC, 5 of 8 top officers=chairman's son, daughter, sons-in-law. Salaries of half a million or more at age 24 or 28.
Subject
"Savings and loan associations--United States--Management."
"Savings and loan associations--Deregulation--United States."
"Savings and loan associations--Corrupt practices--United States."
Relation
Original Booknotes interview
Rights
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Media
2474835.pdf