William K. Black: 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


Description

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.

"Gage and Isaacs continue their great work in the Buffyverse..." -Comic Book Therapy Karin Fossum's fourth chilling crime novel finds Inspector Sejer on the hunt for a brutal killer in a good town gone bad. When long-time bachelor Gunder Jomann goes to India for two weeks and comes home married, the town of Elvestad is stunned. Then, on the day his bride is supposed to arrive, the battered body of a woman is found on the outskirts of town. The "good The Best Way to Rob a Bank is to Own One: How Corporate Executives and Politicians Looted the S & L Industry download ebook people of Elvestad" can t believe that anyone among them could be capable of such a crime. But in his quiet way, Inspector Konrad Sejer understands that no one is completely innocent not the cafe owner who knows too much, the girl who wants the attention that comes with being a witness, or the bodybuilder with no outlet for his terrible strength."


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Author: William K. Black
Number of Pages: 384 pages
Published Date: 15 Jan 2014
Publisher: University of Texas Press
Publication Country: Austin, TX, United States
Language: English
ISBN: 9780292754188
Download Link: Click Here
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