Other people's money
Subtitle: the inside story of the S&L mess
By: Paul Zane Pilzer with Robert Deitz.
Contributors: Deitz, Robert.
Publisher: Simon and Schuster
Published: 1989
Place of publication: New York
Language: eng
Number of pages: 269
Subjects: Savings and loan associations -- Corrupt practices -- United States.; Savings and loan association failures -- United States.
Description: Once the repository of millions of small savers' wealth, the treasury for their dreams of home ownership and their children's education, the nation's savings and loan industry is today bankrupt -- the result of bad luck, worse judgment, and flagrant criminal greed. Salvaging the wreckage is going to require the biggest federal bailout in American history, a massive rescue effort that could wind up costing the taxpayers well over $200 billion. In this book, the author reveals in riveting detail the inside story of how we got into this mess and how we can get out of it.
Notes: Includes bibliographical references (p. 257-258).