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020 _a9780292754195
_qPDF
024 7 _a10.7560/754188
_2doi
035 _a(DE-B1597)9780292754195
035 _a(DE-B1597)588220
035 _a(OCoLC)1286806221
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS023000
_2bisacsh
082 0 4 _a332.320973
084 _aonline - DeGruyter
100 1 _aBlack, William K.
_eautore
245 1 4 _aThe Best Way to Rob a Bank Is to Own One :
_bHow Corporate Executives and Politicians Looted the S&L Industry /
_cWilliam K. Black.
250 _aUpdated Edition
264 1 _aAustin :
_bUniversity of Texas Press,
_c[2021]
264 4 _c©2013
300 _a1 online resource
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tAbbreviations --
_tPreface --
_tAcknowledgments --
_tChapter 1 Theft by Deception: Control Fraud in the S&L Industry --
_tChapter 2 “Competition in Laxity” --
_tChapter 3 The Most Unlikely of Heroes --
_tChapter 4 Keating’s Unholy War against the Bank Board --
_tChapter 5 The Texas Control Frauds Enlist Jim Wright --
_tChapter 6 “The Faustian Bargain” --
_tChapter 7 The Miracles, the Massacre, and the Speaker’s Fall --
_tChapter 8 M. Danny Wall: “Child of the Senate” --
_tChapter 9 Final Surrender: Wall Takes Up Neville Chamberlain’s Umbrella --
_tChapter 10 It’s the Things You Do Know, But Aren’t So, That Cause Disasters --
_tAfterword --
_tAppendix A. Keating’s Plan of Attack on Gray and Reregulation --
_tAppendix B. Hamstringing the Regulator --
_tAppendix C. Get Black . . . Kill Him Dead --
_tNotes --
_tNames and Terms --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aIn 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.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 26. Apr 2022)
650 7 _aBUSINESS & ECONOMICS / Economic History.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.7560/754188
856 4 0 _uhttps://www.degruyter.com/isbn/9780292754195
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9780292754195/original
942 _cEB
999 _c188105
_d188105