Buy High Rollers Book by Martin Lowy - Bookswagon UAE
close menu
Bookswagon
search
My Account
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Business and Economics > Finance and accounting > Finance and the finance industry > Banking > High Rollers: Inside the Savings and Loan Debacle
High Rollers: Inside the Savings and Loan Debacle

High Rollers: Inside the Savings and Loan Debacle


     0     
5
4
3
2
1



International Edition


X
About the Book

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.



Table of Contents:

Preface
Introduction
Chronology
How It Happened
Fixed Rates in a Volatile World
How Insured S&Ls Fail
Dick Pratt Figures Out How to Run a Bankrupt Federal Insurance Fund
The False Spring of 1983
Real Estate Lending 101
Permissive Loan Fee Accounting--The Linchpin
Mammon Against the God of Home Ownership
Ed Gray Tries to Cope and the World Goes Galloping By
The Big Texas Disaster
The Laws Trash the Trash
Silverado, Lincoln and CenTrust
The Junk Bond Connection
Fraud and Misconduct 101
Wall Street Remakes the Mortgage Business
Politics as Usual--Everybody Fiddles While the FSLIC Burns
Danny Wall and the 1988 Deals
FIRREA
What Caused How Much of the Losses?
High Rollers
The Lessons of the Piece
Evaluating Deregulation
Because Banks Are Where the Money Is
The Importance of Counting
Avoid Complexity That No One Can Understand
Supervision and Enforcement
Regulation Can't Tame Technology or Market Forces
Deposit Insurance Reform
The Future of Thrift Institutions
Postscript
Appendix: Dynamics of a Broke S&L
Selected Bibliography
Index



About the Author :
MARTIN LOWY is a banker and lawyer with 25 years of experience in thrift institution law, management, and regulation. As a lawyer he has represented thrift institutions, bank trade associations, and accounting firms, as well as the New York State Superintendent of Banks and the Federal Deposit Insurance Corporation in failing bank situations. He served as Vice Chairman of Dollar Dry Dock Bank from 1986 to 1989, and currently is Counsel to the New York law firm of Rosenman & Colin.

Review :
"High Rollers is the best book in the field without question. It is well written and makes really good sense. Lowy explains events clearly, makes complex relationships understandable, and presents a balanced, very readable story of this sorry situation that is a joy to read and a pleasure to recommend to those who want to know."-George Benston John H. Harland Professor of Finance Emory University "High Rollers really gets to the heart of the S&L problem. I recommend it to anyone who would like to understand what happened."-Lewis Ranieri Chairman United Savings Association of Texas "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. I have read all of the books about the S&L collapse and this is the best."-Paul M. Horvitz Judge James A. Elkins Professor of Banking and Finance University of Houston "This is by far the best of the nonacademic books on the S&L mess. The book is both informative and readable. I started reading it and found it difficult to put down until I had finished it."-George G. Kaufman John F. Smith, Jr. Professor of Finance and Economics Loyola University ?A savvy, low-key primer that earns top marks as a thinking person's analytic guide to the making of a fiscal quagmire.?-Kirkus Reviews ?Add to the many ponderous or popularly written tomes on why America's thrift institutions failed this very reasoned explication of the mess, written by a lawyer and banker.?-Booklist ?In the burgeoning cottage industry of books explaining why it's no longer A Wonderful Life' in Bedford Falls, Martin Lowy, a veteran attorney, bank regulator and savings and loan director manages to look past the mirrors concealing the fundamental causes of a multi-decade thrift mess that will cost taxpayers at least $200 billion.?-The Wall Street Journal ?It's hard to find a clear, knowledgeable and impartial analysis of the savings and loan mess, and Martin Lowy has done us all a favor by providing just that.?-The New York Times Book Review "A savvy, low-key primer that earns top marks as a thinking person's analytic guide to the making of a fiscal quagmire."-Kirkus Reviews "Add to the many ponderous or popularly written tomes on why America's thrift institutions failed this very reasoned explication of the mess, written by a lawyer and banker."-Booklist "It's hard to find a clear, knowledgeable and impartial analysis of the savings and loan mess, and Martin Lowy has done us all a favor by providing just that."-The New York Times Book Review "In the burgeoning cottage industry of books explaining why it's no longer A Wonderful Life' in Bedford Falls, Martin Lowy, a veteran attorney, bank regulator and savings and loan director manages to look past the mirrors concealing the fundamental causes of a multi-decade thrift mess that will cost taxpayers at least $200 billion."-The Wall Street Journal


Best Sellers


Product Details
  • ISBN-13: 9780275939885
  • Publisher: Bloomsbury Publishing PLC
  • Publisher Imprint: Praeger Publishers Inc
  • Language: English
  • Sub Title: Inside the Savings and Loan Debacle
  • ISBN-10: 027593988X
  • Publisher Date: 30 Jul 1991
  • Binding: Hardback
  • No of Pages: 336


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
High Rollers: Inside the Savings and Loan Debacle
Bloomsbury Publishing PLC -
High Rollers: Inside the Savings and Loan Debacle
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

High Rollers: Inside the Savings and Loan Debacle

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!
    Hello, User