The Best Way to Rob a Bank Is to Own One How Corporate Executives and Politicians Looted the SandL Industry
The Best Way to Rob a Bank Is to Own One How Corporate Executives and Politicians Looted the SandL Industry
“Persons interested in the economics of fraud, the S&L debacle, the problems of financial regulation, and microeconomics more broadly will find this book [...]
Downey Savings and Loan: The Anatomy of an Option ARM led California Banking Disaster. Other People’s Money Delusion.
On June 15, 2009 the Office of the Inspector General issued their audit report regarding the failure of California’s Downey Savings and Loan Association (Downey). Now the story of DSL is important because it highlights the entire process of how we came to this financial crisis that now threatens the economic stability of the world. The market volatility that we are seeing is merely a reflection of what institutions like Downey dabbled in with their love affair with toxic mortgage assets. An









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