Big money crime : fraud and politics in the savings and loan crisis / Kitty Calavita, Henry N. Pontell, Robert H. Tillman.

How did a handful of savings and loan executives bring about one of the worst financial disasters of the twentieth century? Examining the S & L crisis as a series of white-collar crimes unparalleled in the history of the United States, Kitty Calavita, Henry Pontell, and Robert Tillman debunk a n...

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Bibliographic Details
Online Access: Full Text (via EBSCO)
Main Author: Calavita, Kitty
Other Authors: Pontell, Henry N., 1950-, Tillman, Robert
Format: eBook
Language:English
Published: Berkeley : University of California Press, ©1997.
Subjects:

MARC

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245 1 0 |a Big money crime :  |b fraud and politics in the savings and loan crisis /  |c Kitty Calavita, Henry N. Pontell, Robert H. Tillman. 
260 |a Berkeley :  |b University of California Press,  |c ©1997. 
300 |a 1 online resource (xvii, 263 pages) 
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504 |a Includes bibliographical references (pages 229-249) and index. 
520 |a How did a handful of savings and loan executives bring about one of the worst financial disasters of the twentieth century? Examining the S & L crisis as a series of white-collar crimes unparalleled in the history of the United States, Kitty Calavita, Henry Pontell, and Robert Tillman debunk a number of the myths that permeate popular understanding of this multi-billion-dollar disaster. Tempted by the insurance net and federal deregulation aimed at encouraging growth in the banking industry, S & L leaders deliberately defrauded their depositors, stole from their own corporations, and speculated on high-risk ventures with government-insured capital. What the government ultimately chalked up to failed business investments and a sluggish economy, Calavita, Pontell, and Tillman identify as a new type of white-collar crime, committed deliberately against S & L customers and the government. Using material gathered in over one hundred interviews with government officials and recently declassified documents, Calavita, Pontell, and Tillman draw disturbing conclusions about the deliberate nature of the crimes, the political collusion they involved, and the leniency of the justice system in dealing with "big money" criminals. 
546 |a English. 
588 0 |a Print version record. 
650 0 |a Savings and loan associations  |x Corrupt practices  |z United States. 
650 0 |a Savings and Loan Bailout, 1989-1995. 
650 0 |a Commercial crimes  |z United States. 
650 7 |a Commercial crimes.  |2 fast  |0 (OCoLC)fst00869469. 
650 7 |a Savings and loan associations  |x Corrupt practices.  |2 fast  |0 (OCoLC)fst01105997. 
651 7 |a United States.  |2 fast  |0 (OCoLC)fst01204155. 
700 1 |a Pontell, Henry N.,  |d 1950- 
700 1 |a Tillman, Robert. 
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