The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry Review

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The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry ReviewTake it from someone who was toiling down in the trenches chasing the bad guys, this book is a first hand account of how the Reagan administration and Speaker Wright fiddled while the savings and loan crisis burned. It explains how, and why, the government for years did not try to stop the corporate criminals who went on one of the largest financial crime sprees in the history of the United States. This is an important work, not only for its historic value in explaining this particular outbreak of white collar crime in the savings and loan industry, but also because it carefully lays out the patterns of control fraud that will continue to recur in different corporate venues as long as people are willing to steal and lie to try and gain an economic advantage. This should be required reading for every financial regulator in the United States. Alan Greenspan, who recently argued that personal reputation in business practices should be more important than enforcing rules, should read it twice (or as many times as it takes until Mr. Greenspan can remember why he trusted Charles Keating).The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry Overview

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