The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry
The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry
Black, William K.
product information
Condition: New, UPC: 9780292754188, Publication Date: Wed, January 1, 2014, Type: Paperback ,
join & start selling
description
3

In this expert insider's account of the savings and loan debacle of the 1980s, William Black lays bare the strategies that corrupt CEOs and CFOs-in collusion with those who have regulatory oversight of their industries-use to defraud companies for their personal gain. Recounting the investigations he conducted as Director of Litigation for the Federal Home Loan Bank Board, Black fully reveals how Charles Keating and hundreds of other S&L owners took advantage of a weak regulatory environment to perpetrate accounting fraud on a massive scale. In the new afterword, he also authoritatively links the S&L crash to the business failures of 2008 and beyond, showing how CEOs then and now are using the same tactics to defeat regulatory restraints and commit the same types of destructive fraud.

Black uses the latest advances in criminology and economics to develop a theory of why "control fraud"-looting a company for personal profit-tends to occur in waves that make financial markets deeply inefficient. He also explains how to prevent such waves. Throughout the book, Black drives home the larger point that control fraud is a major, ongoing threat in business that requires active, independent regulators to contain it. His book is a wake-up call for everyone who believes that market forces alone will keep companies and their owners honest.

reviews

Be the first to write a review

member goods

No member items were found under this heading.

notems store

Middle School Bites: Out for ...

by Banks, Steven

Hardcover /Hardcover

$10.49

Whittle Me This

by Banks, Clifford

Paperback /Paperback

$24.29

The State of the Art

by Banks, Iain M.

Paperback /Paperback

Hawkwind: Days of the Underground: ...

by Banks, Joe

Paperback /Paperback

$22.50

listens & views

EASY TO LOVE

by HILL,BUCK

COMPACT DISC

out of stock

$17.75

TURTLENECK & CHAIN

by LONELY ISLAND

VINYL LP

out of stock

$33.55

TEXAS SONGBOOK (DIG)

by NICHOLSON,GARY

COMPACT DISC

out of stock

$11.49

Return Policy

All sales are final

Shipping

No special shipping considerations available.
Shipping fees determined at checkout.
promoting relevance through notable postings ]

A notem is a meaningful post that highlights an experience, idea, topic of interest, an event ... whatever a member believes worthy of discussion. Each notem becomes a pathway by which to make meaningful connections.

notems is a free, global social network that rewards members by the number and quality of notems they post.

notemote® © . Privacy Policy. Developed by Hartmann Software Group