The best way to rob a bank is to own one how corporate executives and politicians looted the sl industry. W.K. Black, The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S&L Industry, University of Texas Press, Austin, TX (2005) ISBN 0 2019-01-26

The best way to rob a bank is to own one how corporate executives and politicians looted the sl industry Rating: 5,1/10 1854 reviews

The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&l Industry by William K. Black

the best way to rob a bank is to own one how corporate executives and politicians looted the sl industry

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. S Congress Senate Open Session Hearings before the Select Committee on Ethics 1990—1991a Preliminary Inquiry into Allegations Regarding Senators Cranston, DeConcini, Glenn, McCain, and Riegle, and Lincoln Savings and Loan 101st Cong. The latter is probably a blessing in disguise, but, at the moment it happens, it feels like you've done the wrong thing and served yourself a mess of trouble. I hope that I'm wrong. My take away: it is important to remember among the legions of people who sincerely and correctly believe big government is a threat to our liberty lurk a number of unprincipled thieves who use ideology as a cloak and just want government dismantled so it's easier to steal. The helpful index of abbreviations is in the front of the book; the helpful index of names is in the back of the book — this is somewhat more difficult to unde An hour-long interview with the author about this book is available. I also learned how to bribe an appraiser see p.

Next

The best way to rob a bank is to own one : how corporate executives and politicians looted the S & L industry (Book, 2005) [vattier-design.com.tw]

the best way to rob a bank is to own one how corporate executives and politicians looted the sl industry

There may be quite a few parallels to draw -- and only time will tell. It pays to think for yourself. Why did the nation's top accounting firms give such companies clean audit reports? The remarkable, stunning story he tells here is a parable of our country's systemic ills at a time when so many policies--shaped by lobbyists and the pols in their thrall--have the effect of privatizing profit and socializing loss. The criminals are still in charge, but now they are applauded and supported at the highest levels, there have been few prosecutions, and the vast scale of the looting has hollowed out our economy. It certainly runs contrary to the standard right-wing narrative about time-serving government clock-watchers dragging down the entrepreneurial free spirits that made America great. The ultimately huge losses then as now were foisted on U. Also see: Bill Moyers' 2009 interview with the author.

Next

The Best Way To Rob A Bank Is To Own One: How Corporate Executives And Politicians Looted The S&l Industry Download

the best way to rob a bank is to own one how corporate executives and politicians looted the sl industry

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. In other words, I admired the author. I don't know, because I was raised to think of bankruptcy as something deeply shameful, probably ruining my prospective career as an entrepreneur. It probably needs to be studied with an guiding expert in white-collar criminality rather than read for the pleasure of being informed. You never know when knowledge like that will come in handy. I love listening to Bill on the Real News Network where he is a regular contributor.

Next

The Best Way to Rob a Bank is to Own One: How Corporate Executives and ...

the best way to rob a bank is to own one how corporate executives and politicians looted the sl industry

The helpful index of abbreviations is in the front of the book; the helpful index of names is in the back of the book — this is somewhat more difficult to understand. An important book, but damned difficult to read. Spotting control fraud is very hard because of the accompanying social acceptance and official approval. The book is a bit dense and spares no details, so at times seems to read like a lecture. Throughout, Black drives home the larger point that control fraud is a major, ongoing threat in business that requires active, independent regulators to contain it. Thank God for some honest and hard-working people sticking by their guns at the regulatory agencies that were getting pummeled by criminals, ideologues, lobbyists, and corrupt or misguided politicians. Well, in addition to convincing naive elderly widows to part with their life savings something that actually happens in this book , there are also cleverer ways to create money from nothing.

Next

The Best Way to Rob a Bank is to Own One: How Corporate Executives and ...

the best way to rob a bank is to own one how corporate executives and politicians looted the sl industry

Thank God for some honest and hard-working people sticking by their guns at the regulatory agencies that were getting pummeled by criminals, ideologues, lobbyists, and corrupt or misguided politicians. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dana Niculescu. I found it an exciting story as the battle for accountability ebbed and flowed, and the courage of the 'few' against the established way of doing things is rare, astonishing and uplifting. Corrections All material on this site has been provided by the respective publishers and authors. These people are still in the financial services industry and learned the exact opposite lessons. Today, all I remember is that that criminal John McCain is still in office. Interesting case study of a regulator nearly being taken over by those who it is supposed to regulate.

Next

The best way to rob a bank is to own one : how corporate executives and politicians looted the S & L industry (eBook, 2005) [vattier-design.com.tw]

the best way to rob a bank is to own one how corporate executives and politicians looted the sl industry

Thank God for some honest and hard-working people sticking by their guns at the regulatory agencies that were getting pummeled by criminals, ideologues, lobbyists, and corrupt or misguided politicians. You can help correct errors and omissions. There are a bewildering array of abbreviations and names, which is understandable. Today, all I remember is that that criminal John McCain is still in office. I fear that after 8 years of Fed inflating asset bubbles, we are ostensibly going to embark on a wave of financial deregulation under the Trump administration read ineffective regulation. The savings and loan crisis of the late 1980s and 1990s has now passed into history but seems a precursor to today's crisis of financialization.

Next

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 sl industry

Unfortunately, the same cannot be said about the 2007-9 mortgage fiasco. His book is a wakeup call for everyone who believes that market forces alone will keep companies and their owners honest. My big takeaway is that once you have set the game rules and picked the refs, don't let the worst players replace the refs when a new league ownership comes to town. My big takeawa Interesting case study of a regulator nearly being taken over by those who it is supposed to regulate. Which brings us to the present ongoing rolling disaster. The Keating 5 were, Alan Cranston D-Calif , Dennis CeConcini D-Ariz , John Glenn D-Ohio , John McCain R-Ariz and Donal W.

Next

The Best Way to Rob a Bank Is to Own One How Corporate Executives and Politicians Looted the S&L Industry, Updated Edition By William K. Black

the best way to rob a bank is to own one how corporate executives and politicians looted the sl industry

The pathetic fines levied by the 'regulators' are just now a cost of doing business, just another expense to write off against taxes. But one of the book's unlikely heroes is a life-long Republican who knows a crime when he sees it; one of its villains is a powerful Democrat who doesn't. These people are still in the financial services industry and learned the exact opposite lessons. He is one of the most admirable public figures I encountered in my 30-year-reporting career. Why did the nation's top accounting firms give such companies clean audit reports? He also explains how to prevent such waves.

Next