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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 /

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 investiga...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Black, William K. (William Kurt), 1951- (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Austin : University of Texas Press, 2013.
Edición:Updated edition.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 4 |a The best way to rob a bank is to own one :  |b how corporate executives and politicians looted the S & L industry /  |c William K. Black. 
250 |a Updated edition. 
264 1 |a Austin :  |b University of Texas Press,  |c 2013. 
300 |a 1 online resource 
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588 0 |a Online resource; title from READ title page (Overdrive, viewed Apr. 14, 2014). 
504 |a Includes bibliographical references and index. 
505 0 |a Theft by deception -- "Competition in laxity" -- The most unlikely of heroes -- Keating's unholy war against the bank board -- The Texas control frauds enlist Jim Wright -- "The Faustian bargain" -- The miracles, the massacre, and the speaker's fall -- M. Danny Wall : "child of the senate" -- Final surrender : Wall takes up Neville Chamberlain's umbrella -- It's the things you do know, but aren't so, that cause disasters. 
520 |a 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. 
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650 0 |a Savings and loan associations  |x Corrupt practices  |z United States. 
650 0 |a Savings and loan association failures  |z United States. 
650 0 |a Savings and Loan Bailout, 1989-1995. 
650 6 |a Associations d'épargne et de prêt  |x Pratiques déloyales  |z États-Unis. 
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776 0 8 |i Print version:  |a Black, William K.  |t Best Way to Rob a Bank Is to Own One : How Corporate Executives and Politicians Looted the S & L Industry.  |d Austin : University of Texas Press, ©2014  |z 9780292754188 
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