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

This work may be protected by copyright laws and is provided for educational and research purposes only. Any infringing use may be subject to disciplinary action and/or civil or criminal liability as provided by law. If you believe that you are the rights-holder and object to Mason’s use of this image, please contact speccoll@gmu.edu.